PowerBand Solutions (TSXV:PBX) Total Assets : C$10.22 Mil (As of Sep. 2023)

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PowerBand Solutions's Total Assets for the quarter that ended in Sep. 2023 was C$10.22 Mil.

During the past 12 months, PowerBand Solutions's average Total Assets Growth Rate was -50.40% per year. During the past 3 years, the average Total Assets Growth Rate was -7.00% per year. During the past 5 years, the average Total Assets Growth Rate was 249.60% per year. During the past 10 years, the average Total Assets Growth Rate was 147.00% per year.

During the past 13 years, PowerBand Solutions's highest 3-Year average Total Assets Growth Rate was 1506.40%. The lowest was -51.30%. And the median was 63.00%.

Total Assets is connected with ROA %. PowerBand Solutions's annualized ROA % for the quarter that ended in Sep. 2023 was -69.97%. Total Assets is also linked to Revenue through Asset Turnover. PowerBand Solutions's Asset Turnover for the quarter that ended in Sep. 2023 was 0.05.

PowerBand Solutions Total Assets Historical Data

The historical data trend for PowerBand Solutions'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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PowerBand Solutions Annual Data

Trend

Oct13

Oct14

Oct15

Oct16

Oct17

Dec18

Dec19

Dec20

Dec21

Dec22

Total Assets

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3.68

9.06

13.84

20.41

17.24

PowerBand Solutions 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															30.52	17.24	19.48	-	10.22

PowerBand Solutions 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.

PowerBand Solutions'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 )
	=	7.37	+	9.865
	=	17.24

PowerBand Solutions'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 )
	=	-8.367	+	18.589
	=	10.22

PowerBand Solutions (TSXV:PBX) Total Assets Explanation

Total Assets is connected with ROA %.

PowerBand Solutions'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 )
	=	-7.152	/	( (0	+	10.222)	/ 1 )
	=	-7.152	/	10.222
	=	-69.97 %

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.

PowerBand Solutions'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 )
=	0.555	/	( (0	+	10.222)	/ 1 )
=	0.555	/	10.222
=	0.05

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.

PowerBand Solutions Total Assets Related Terms

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PowerBand Solutions (TSXV:PBX) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » PowerBand Solutions Inc (TSXV:PBX) » Definitions » Total Assets

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PWWBF:USA

Address

3385 Harvester Road, Suite 225, Burlington, ON, CAN, L7N 3N2

Website

https://www.powerbandsolutions.com

PowerBand Solutions Inc is a technology provider. It has developed a powerful suite of cloud-based transaction platforms to buy, sell, trade, finance and lease new and used vehicles, which includes real time appraisal services, market information and financing solutions. The company provides various solutions such as LiveNet, Marketplace Auction, Dynamic Appraisal, and Market Intelligence. The LiveNet Auction Portal allows Dealers to create an instant, online auction that launches a used vehicle to a vast network of the industry's top used vehicle buyers. Appraisal System is customizable to meet the respective compliance requirements.

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