AdvanceTC (AdvanceTC) Total Assets

: $0.08 Mil (As of Jun. 2022)

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AdvanceTC's Total Assets for the quarter that ended in Jun. 2022 was $0.08 Mil.

Total Assets is connected with ROA %. AdvanceTC's annualized ROA % for the quarter that ended in Jun. 2022 was -572.94%. Total Assets is also linked to Revenue through Asset Turnover. AdvanceTC's Asset Turnover for the quarter that ended in Jun. 2022 was 0.00.

AdvanceTC Total Assets Historical Data

The historical data trend for AdvanceTC'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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AdvanceTC Annual Data

Trend

Dec20

Dec21

Total Assets

0.56

0.26

AdvanceTC Semi-Annual Data
	Jun20	Dec20	Jun21	Dec21	Jun22
Total Assets	-	0.56	0.48	0.26	0.08

AdvanceTC 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.

AdvanceTC's Total Assets for the fiscal year that ended in Dec. 2021 is calculated as

Total Assets	=	Total Equity (A: Dec. 2021 )	+	Total Liabilities (A: Dec. 2021 )
	=	-0.681	+	0.937
	=	0.26

AdvanceTC's Total Assets for the quarter that ended in Jun. 2022 is calculated as

Total Assets	=	Total Equity (Q: Jun. 2022 )	+	Total Liabilities (Q: Jun. 2022 )
	=	-1.112	+	1.196
	=	0.08

AdvanceTC (OTCPK:ATCLF) Total Assets Explanation

Total Assets is connected with ROA %.

AdvanceTC's annualized ROA % for the quarter that ended in Jun. 2022 is

ROA %	=	Net Income (Q: Jun. 2022 )	/	( (Total Assets (Q: Dec. 2021 )	+	Total Assets (Q: Jun. 2022 ))	/ count )
	=	-0.974	/	( (0.256	+	0.084)	/ 2 )
	=	-0.974	/	0.17
	=	-572.94 %

Note: The Net Income data used here is two times the semi-annual (Jun. 2022) 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.

AdvanceTC's Asset Turnover for the quarter that ended in Jun. 2022 is

	Asset Turnover
=	Revenue (Q: Jun. 2022 )	/	( (Total Assets (Q: Dec. 2021 )	+	Total Assets (Q: Jun. 2022 ))	/ count )
=	0	/	( (0.256	+	0.084)	/ 2 )
=	0	/	0.17
=	0.00

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.

AdvanceTC Total Assets Related Terms

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AdvanceTC (AdvanceTC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » AdvanceTC Ltd (OTCPK:ATCLF) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

210 George Street, Level 8, Sydney, NSW, AUS, 2000

Website

https://www.advancetc.com

AdvanceTC Ltd is engaged in the design, development and commercialisation of high tech mobile wireless computing and telecommunication devices. It is the creator of the MAGIC brand of mobile computing devices and operates development facilities in Malaysia including its proprietary software and applications services.