EpicQuest Education Group International (EpicQuest Education Group International) Total Assets : $19.21 Mil (As of Sep. 2023)

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What is EpicQuest Education Group International Total Assets?

EpicQuest Education Group International's Total Assets for the quarter that ended in Sep. 2023 was $19.21 Mil.

During the past 12 months, EpicQuest Education Group International's average Total Assets Growth Rate was 13.40% per year. During the past 3 years, the average Total Assets Growth Rate was 28.00% per year. During the past 5 years, the average Total Assets Growth Rate was 17.80% per year.

During the past 6 years, EpicQuest Education Group International's highest 3-Year average Total Assets Growth Rate was 28.00%. The lowest was 3.30%. And the median was 23.90%.

Total Assets is connected with ROA %. EpicQuest Education Group International's annualized ROA % for the quarter that ended in Sep. 2023 was -41.86%. Total Assets is also linked to Revenue through Asset Turnover. EpicQuest Education Group International's Asset Turnover for the quarter that ended in Sep. 2023 was 0.12.

EpicQuest Education Group International Total Assets Historical Data

The historical data trend for EpicQuest Education Group International'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.

EpicQuest Education Group International Total Assets Chart

EpicQuest Education Group International Annual Data

Trend

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Total Assets

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14.87

14.20

24.01

24.00

19.21

EpicQuest Education Group International Semi-Annual Data
	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Total Assets	Get a 7-Day Free Trial						24.01	26.18	24.00	19.63	19.21

EpicQuest Education Group International 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.

EpicQuest Education Group International's Total Assets for the fiscal year that ended in Sep. 2023 is calculated as

Total Assets	=	Total Equity (A: Sep. 2023 )	+	Total Liabilities (A: Sep. 2023 )
	=	10.934	+	8.275
	=	19.21

EpicQuest Education Group International'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 )
	=	10.934	+	8.275
	=	19.21

EpicQuest Education Group International (NAS:EEIQ) Total Assets Explanation

Total Assets is connected with ROA %.

EpicQuest Education Group International's annualized ROA % for the quarter that ended in Sep. 2023 is

ROA %	=	Net Income (Q: Sep. 2023 )	/	( (Total Assets (Q: Mar. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
	=	-8.13	/	( (19.634	+	19.209)	/ 2 )
	=	-8.13	/	19.4215
	=	-41.86 %

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

EpicQuest Education Group International's Asset Turnover for the quarter that ended in Sep. 2023 is

	Asset Turnover
=	Revenue (Q: Sep. 2023 )	/	( (Total Assets (Q: Mar. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
=	2.292	/	( (19.634	+	19.209)	/ 2 )
=	2.292	/	19.4215
=	0.12

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.

EpicQuest Education Group International Total Assets Related Terms

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EpicQuest Education Group International (EpicQuest Education Group International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » EpicQuest Education Group International Ltd (NAS:EEIQ) » Definitions » Total Assets

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Address

1209 North University Boulevard, Middletown, OH, USA, 45042

Website

https://www.epicquesteducation.com

EpicQuest Education Group International Ltd provides comprehensive education solutions for domestic and international students interested in university and college degree programs in the U.S., Canada, and the UK. In addition, the company has a recruiting relationship with the regional campuses of Miami University of Ohio, where it maintains residential facilities, a full-service cafeteria, recreational facilities, shuttle buses, and an office for the regional campuses that provides study abroad and post-study services for its students; these facilities are not owned, maintained, operated or are a part of Miami University.