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CLPMF (Clip Money) Total Assets : $9.59 Mil (As of Dec. 2024)


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What is Clip Money Total Assets?

Clip Money's Total Assets for the quarter that ended in Dec. 2024 was $9.59 Mil.

During the past 12 months, Clip Money's average Total Assets Growth Rate was 4.50% per year. During the past 3 years, the average Total Assets Growth Rate was 7.30% per year.

During the past 4 years, Clip Money's highest 3-Year average Total Assets Growth Rate was 7.30%. The lowest was 7.30%. And the median was 7.30%.

Total Assets is connected with ROA %. Clip Money's annualized ROA % for the quarter that ended in Dec. 2024 was -82.18%. Total Assets is also linked to Revenue through Asset Turnover. Clip Money's Asset Turnover for the quarter that ended in Dec. 2024 was 0.11.


Clip Money Total Assets Historical Data

The historical data trend for Clip Money'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.

* Premium members only.

Clip Money Total Assets Chart

Clip Money Annual Data
Trend Dec21 Dec22 Dec23 Dec24
Total Assets
7.80 9.86 13.86 9.59

Clip Money Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 13.86 11.13 9.33 10.59 9.59

Clip Money 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.

Clip Money's Total Assets for the fiscal year that ended in Dec. 2024 is calculated as

Total Assets=Total Equity (A: Dec. 2024 )+Total Liabilities (A: Dec. 2024 )
=-7.936+17.523
=9.59

Clip Money's Total Assets for the quarter that ended in Dec. 2024 is calculated as

Total Assets=Total Equity (Q: Dec. 2024 )+Total Liabilities (Q: Dec. 2024 )
=-7.936+17.523
=9.59

* 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.


Clip Money  (OTCPK:CLPMF) Total Assets Explanation

Total Assets is connected with ROA %.

Clip Money's annualized ROA % for the quarter that ended in Dec. 2024 is

ROA %=Net Income (Q: Dec. 2024 )/( (Total Assets (Q: Sep. 2024 )+Total Assets (Q: Dec. 2024 ))/ count )
=-8.292/( (10.593+9.588)/ 2 )
=-8.292/10.0905
=-82.18 %

Note: The Net Income data used here is four times the quarterly (Dec. 2024) 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.

Clip Money's Asset Turnover for the quarter that ended in Dec. 2024 is

Asset Turnover
=Revenue (Q: Dec. 2024 )/( (Total Assets (Q: Sep. 2024 )+Total Assets (Q: Dec. 2024 ))/ count )
=1.152/( (10.593+9.588)/ 2 )
=1.152/10.0905
=0.11

* 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.

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.

Clip Money Total Assets Related Terms

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Clip Money Business Description

Traded in Other Exchanges
Address
96 Riverdale Avenue, Ottawa, ON, CAN, K1S 1R2
Clip Money Inc is a Canadian-based company principally in the business of providing a proprietary deposit network to businesses and financial institutions located across North America. A network of ClipDrop safes located in malls, box stores, and grocery chains, Clip improves the business deposit experience through transformational digital and mobile-enabled services. The company has one operating segment, which is providing a proprietary deposit network to businesses located across North America. The company combines functional hardware, an intuitive mobile app, and a cloud-based transaction engine that maximizes business banking transactions. It also facilitates mobile change orders, which are fully insured and shipped within one to two business days.