iFabric (iFabric) Total Assets : $20.02 Mil (As of Jun. 2023)

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What is iFabric Total Assets?

iFabric's Total Assets for the quarter that ended in Jun. 2023 was $20.02 Mil.

During the past 12 months, iFabric's average Total Assets Growth Rate was -13.00% per year. During the past 3 years, the average Total Assets Growth Rate was 20.80% per year. During the past 5 years, the average Total Assets Growth Rate was 9.00% per year.

During the past 13 years, iFabric's highest 3-Year average Total Assets Growth Rate was 1304.50%. The lowest was -4.20%. And the median was 9.10%.

Total Assets is connected with ROA %. iFabric's annualized ROA % for the quarter that ended in Jun. 2023 was 2.01%. Total Assets is also linked to Revenue through Asset Turnover. iFabric's Asset Turnover for the quarter that ended in Jun. 2023 was 0.20.

iFabric Total Assets Historical Data

The historical data trend for iFabric'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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iFabric Total Assets Chart

iFabric Annual Data

Trend

Sep12

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Total Assets

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11.99

10.88

9.05

13.24

21.81

iFabric Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Total Assets	Get a 7-Day Free Trial															22.65	20.52	20.40	19.78	20.02

iFabric 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.

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

Total Assets	=	Total Equity (A: Sep. 2021 )	+	Total Liabilities (A: Sep. 2021 )
	=	17.581	+	4.225
	=	21.81

iFabric's Total Assets for the quarter that ended in Jun. 2023 is calculated as

Total Assets	=	Total Equity (Q: Jun. 2023 )	+	Total Liabilities (Q: Jun. 2023 )
	=	17.634	+	2.39
	=	20.02

iFabric (OTCPK:IFABF) Total Assets Explanation

Total Assets is connected with ROA %.

iFabric's annualized ROA % for the quarter that ended in Jun. 2023 is

ROA %	=	Net Income (Q: Jun. 2023 )	/	( (Total Assets (Q: Mar. 2023 )	+	Total Assets (Q: Jun. 2023 ))	/ count )
	=	0.4	/	( (19.784	+	20.024)	/ 2 )
	=	0.4	/	19.904
	=	2.01 %

Note: The Net Income data used here is four times the quarterly (Jun. 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.

iFabric's Asset Turnover for the quarter that ended in Jun. 2023 is

	Asset Turnover
=	Revenue (Q: Jun. 2023 )	/	( (Total Assets (Q: Mar. 2023 )	+	Total Assets (Q: Jun. 2023 ))	/ count )
=	3.973	/	( (19.784	+	20.024)	/ 2 )
=	3.973	/	19.904
=	0.20

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.

iFabric Total Assets Related Terms

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iFabric (iFabric) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » iFabric Corp (OTCPK:IFABF) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

IFA:Canada

Address

525 Denison Street, Unit 1, Markham, ON, CAN, L3R 1B8

Website

https://www.ifabriccorp.com

iFabric Corp is engaged in the business of women's intimate apparel. It has three business segments. The Intimate apparel segment is involved in the design and distribution of women's intimate apparel, and accessories. Its Intelligent fabric segment develops and distributes innovative products and treatments that are suitable for application to textiles, plastics, liquids, and hard surfaces as well as finished performance apparel. The other segment engages in the leasing of property to group companies, related parties, and third parties. Its geographical segments include Canada, United States, United Kingdom, and Southeast Asia & others. The company derives the majority of its revenue from the Intimate apparel segment and its geographical location of Canada.