STEER Technologies (TSXV:STER) Total Assets : C$47.38 Mil (As of Sep. 2023)

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What is STEER Technologies Total Assets?

STEER Technologies's Total Assets for the quarter that ended in Sep. 2023 was C$47.38 Mil.

During the past 12 months, STEER Technologies's average Total Assets Growth Rate was 34.30% per year. During the past 3 years, the average Total Assets Growth Rate was 144.50% per year.

During the past 5 years, STEER Technologies's highest 3-Year average Total Assets Growth Rate was 144.50%. The lowest was 144.50%. And the median was 144.50%.

Total Assets is connected with ROA %. STEER Technologies's annualized ROA % for the quarter that ended in Sep. 2023 was -41.23%. Total Assets is also linked to Revenue through Asset Turnover. STEER Technologies's Asset Turnover for the quarter that ended in Sep. 2023 was 0.02.

STEER Technologies Total Assets Historical Data

The historical data trend for STEER Technologies'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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STEER Technologies Total Assets Chart

STEER Technologies Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Total Assets

0.32

5.84

28.59

29.53

32.03

STEER Technologies Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Total Assets	Get a 7-Day Free Trial															38.88	32.03	56.58	52.22	47.38

STEER Technologies 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.

STEER Technologies's Total Assets for the fiscal year that ended in Dec. 2022 is calculated as

Total Assets	=	Total Equity (A: Dec. 2022 )	+	Total Liabilities (A: Dec. 2022 )
	=	0.46	+	31.573
	=	32.03

STEER Technologies's Total Assets for the quarter that ended in Sep. 2023 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2023 )	+	Total Liabilities (Q: Sep. 2023 )
	=	22.206	+	25.178
	=	47.38

STEER Technologies (TSXV:STER) Total Assets Explanation

Total Assets is connected with ROA %.

STEER Technologies's annualized ROA % for the quarter that ended in Sep. 2023 is

ROA %	=	Net Income (Q: Sep. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
	=	-20.532	/	( (52.221	+	47.384)	/ 2 )
	=	-20.532	/	49.8025
	=	-41.23 %

Note: The Net Income data used here is four times the quarterly (Sep. 2023) 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.

STEER Technologies's Asset Turnover for the quarter that ended in Sep. 2023 is

	Asset Turnover
=	Revenue (Q: Sep. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
=	0.884	/	( (52.221	+	47.384)	/ 2 )
=	0.884	/	49.8025
=	0.02

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.

STEER Technologies Total Assets Related Terms

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STEER Technologies (TSXV:STER) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » STEER Technologies Inc (TSXV:STER) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

STEEF:USA H1Y:Germany

Address

44 East Beaver Creek Road, Unit 16, Richmond Hill, ON, CAN, L4B 1G8

Website

https://www.steeresg.com

STEER Technologies Inc is an integrated ESG technology platform that moves people and delivers things through subscription and on-demand services. The company's goal is to build a one-of-a-kind system that aggregates conscientious users and enables them to buy, sell, or invest with the same platform. STEER offerings generally fall into two categories namely subscription-based offerings led by its flagship electric vehicle subscription business, STEER EV, and on-demand services incorporating B2B marketplace, Delivery-as-a-Service (DaaS), and rideshare businesses. The company's platform is powered by EcoCRED, it's analytics and machine learning engine which seeks to capture, analyze, parse, and report on key data points to measure the carbon impact.