Virtutone Networks (Virtutone Networks) Total Assets : $30.75 Mil (As of Oct. 2014)

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What is Virtutone Networks Total Assets?

Virtutone Networks's Total Assets for the quarter that ended in Oct. 2014 was $30.75 Mil.

Warning Sign:

If a company builds asset at 79.9% a year, faster than its revenue growth rate of 70% over the past 5 years, it means that the company may be getting less efficent.

During the past 12 months, Virtutone Networks's average Total Assets Growth Rate was 390.20% per year. During the past 3 years, the average Total Assets Growth Rate was 147.60% per year. During the past 5 years, the average Total Assets Growth Rate was 79.90% per year.

During the past 9 years, Virtutone Networks's highest 3-Year average Total Assets Growth Rate was 190.60%. The lowest was -13.50%. And the median was 57.80%.

Total Assets is connected with ROA %. Virtutone Networks's annualized ROA % for the quarter that ended in Oct. 2014 was 5.59%. Total Assets is also linked to Revenue through Asset Turnover. Virtutone Networks's Asset Turnover for the quarter that ended in Oct. 2014 was 1.40.

Virtutone Networks Total Assets Historical Data

The historical data trend for Virtutone Networks's Total Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Virtutone Networks Total Assets Chart

Virtutone Networks Annual Data

Trend

Mar06

Mar07

Mar08

Jan09

Jan10

Jan11

Jan12

Jan13

Jan14

Total Assets

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0.42

0.68

1.29

1.57

9.43

Virtutone Networks Quarterly Data
	Jan10	Apr10	Jul10	Oct10	Jan11	Apr11	Jul11	Oct11	Jan12	Apr12	Jul12	Oct12	Jan13	Apr13	Jul13	Oct13	Jan14	Apr14	Jul14	Oct14
Total Assets	Get a 7-Day Free Trial															6.27	9.43	14.06	19.77	30.75

Virtutone Networks Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

Virtutone Networks's Total Assets for the fiscal year that ended in Jan. 2014 is calculated as

Total Assets	=	Total Equity (A: Jan. 2014 )	+	Total Liabilities (A: Jan. 2014 )
	=	4.729	+	4.701
	=	9.43

Virtutone Networks's Total Assets for the quarter that ended in Oct. 2014 is calculated as

Total Assets	=	Total Equity (Q: Oct. 2014 )	+	Total Liabilities (Q: Oct. 2014 )
	=	6.212	+	24.535
	=	30.75

Virtutone Networks (OTCPK:VRTWF) Total Assets Explanation

Total Assets is connected with ROA %.

Virtutone Networks's annualized ROA % for the quarter that ended in Oct. 2014 is

ROA %	=	Net Income (Q: Oct. 2014 )	/	( (Total Assets (Q: Jul. 2014 )	+	Total Assets (Q: Oct. 2014 ))	/ count )
	=	1.412	/	( (19.769	+	30.747)	/ 2 )
	=	1.412	/	25.258
	=	5.59 %

Note: The Net Income data used here is four times the quarterly (Oct. 2014) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Virtutone Networks's Asset Turnover for the quarter that ended in Oct. 2014 is

	Asset Turnover
=	Revenue (Q: Oct. 2014 )	/	( (Total Assets (Q: Jul. 2014 )	+	Total Assets (Q: Oct. 2014 ))	/ count )
=	35.321	/	( (19.769	+	30.747)	/ 2 )
=	35.321	/	25.258
=	1.40

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Virtutone Networks Total Assets Related Terms

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Virtutone Networks (Virtutone Networks) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Virtutone Networks Inc (OTCPK:VRTWF) » Definitions » Total Assets

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Address

Website

http://www.virtutone.com

Virtutone Networks, Inc. is incorporated under the laws of the Province of Alberta. The Company is a provider of Voice over Internet Protocol, Fax over Internet Protocol, and related phone services to business and residential customers.

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