Identillect Technologies (Identillect Technologies) Total Assets : $0.11 Mil (As of Sep. 2023)

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What is Identillect Technologies Total Assets?

Identillect Technologies's Total Assets for the quarter that ended in Sep. 2023 was $0.11 Mil.

During the past 12 months, Identillect Technologies's average Total Assets Growth Rate was 3.30% per year. During the past 3 years, the average Total Assets Growth Rate was -19.70% per year. During the past 5 years, the average Total Assets Growth Rate was -26.40% per year. During the past 10 years, the average Total Assets Growth Rate was 22.50% per year.

During the past 13 years, Identillect Technologies's highest 3-Year average Total Assets Growth Rate was 181.30%. The lowest was -45.50%. And the median was -19.70%.

Total Assets is connected with ROA %. Identillect Technologies's annualized ROA % for the quarter that ended in Sep. 2023 was -265.50%. Total Assets is also linked to Revenue through Asset Turnover. Identillect Technologies's Asset Turnover for the quarter that ended in Sep. 2023 was 1.41.

Identillect Technologies Total Assets Historical Data

The historical data trend for Identillect 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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Identillect Technologies Total Assets Chart

Identillect Technologies Annual Data

Trend

Jul13

Jul14

Jul15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Total Assets

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0.30

0.20

0.11

0.13

0.20

Identillect 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															0.12	0.20	0.12	0.12	0.11

Identillect 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.

Identillect 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 )
	=	-0.922	+	1.117
	=	0.20

Identillect 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 )
	=	-1.212	+	1.324
	=	0.11

Identillect Technologies (OTCPK:IDTLF) Total Assets Explanation

Total Assets is connected with ROA %.

Identillect 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 )
	=	-0.304	/	( (0.116	+	0.113)	/ 2 )
	=	-0.304	/	0.1145
	=	-265.50 %

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.

Identillect 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 )
=	0.162	/	( (0.116	+	0.113)	/ 2 )
=	0.162	/	0.1145
=	1.41

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.

Identillect Technologies Total Assets Related Terms

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Identillect Technologies (Identillect Technologies) Business Description

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8ID:Germany ID:Canada

Address

609 Granville Street, Suite 1600, Vancouver, BC, CAN, V7Y 1C3

Website

https://www.identillect.com

Identillect Technologies Corp is a software development company that design and developed an email encryption software solution to protect critical information. The company offers a Delivery trust service; which is an email security solution, designed for small and medium-sized businesses. The company serves Accounting, Education Professionals, Financial, Legal, Medical, Real Estate, and Resource industries.