Empower Clinics (Empower Clinics) Total Assets : $3.45 Mil (As of Sep. 2022)

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What is Empower Clinics Total Assets?

Empower Clinics's Total Assets for the quarter that ended in Sep. 2022 was $3.45 Mil.

Total Assets is connected with ROA %. Empower Clinics's annualized ROA % for the quarter that ended in Sep. 2022 was -46.87%. Total Assets is also linked to Revenue through Asset Turnover. Empower Clinics's Asset Turnover for the quarter that ended in Sep. 2022 was 0.40.

Empower Clinics Total Assets Historical Data

The historical data trend for Empower Clinics'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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Empower Clinics Total Assets Chart

Empower Clinics Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Total Assets

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0.01

0.51

1.56

9.23

5.04

Empower Clinics Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Total Assets	Get a 7-Day Free Trial															12.12	5.04	6.03	4.35	3.45

Empower Clinics 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.

Empower Clinics's Total Assets for the fiscal year that ended in Dec. 2021 is calculated as

Total Assets	=	Total Equity (A: Dec. 2021 )	+	Total Liabilities (A: Dec. 2021 )
	=	-6.393	+	11.43
	=	5.04

Empower Clinics's Total Assets for the quarter that ended in Sep. 2022 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2022 )	+	Total Liabilities (Q: Sep. 2022 )
	=	-5.352	+	8.802
	=	3.45

Empower Clinics (OTCPK:EPWCF) Total Assets Explanation

Total Assets is connected with ROA %.

Empower Clinics's annualized ROA % for the quarter that ended in Sep. 2022 is

ROA %	=	Net Income (Q: Sep. 2022 )	/	( (Total Assets (Q: Jun. 2022 )	+	Total Assets (Q: Sep. 2022 ))	/ count )
	=	-1.828	/	( (4.35	+	3.45)	/ 2 )
	=	-1.828	/	3.9
	=	-46.87 %

Note: The Net Income data used here is four times the quarterly (Sep. 2022) 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.

Empower Clinics's Asset Turnover for the quarter that ended in Sep. 2022 is

	Asset Turnover
=	Revenue (Q: Sep. 2022 )	/	( (Total Assets (Q: Jun. 2022 )	+	Total Assets (Q: Sep. 2022 ))	/ count )
=	1.574	/	( (4.35	+	3.45)	/ 2 )
=	1.574	/	3.9
=	0.40

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.

Empower Clinics Total Assets Related Terms

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Empower Clinics (Empower Clinics) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Empower Clinics Inc (OTCPK:EPWCF) » Definitions » Total Assets

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Address

1771 Robson Street, Suite 505, Vancouver, BC, CAN, V6G 1C9

Website

https://www.empowerclinics.com

Empower Clinics Inc is an integrated healthcare company that provides body and mind wellness for patients through its clinics, with digital and telemedicine care, and medical diagnostics laboratories. The company has a clinical and digital presence across North America. The firm's Health & Wellness and Diagnostics & Technology business units are positioned to positively impact the integrated health of its patients, while simultaneously providing long-term value for its shareholders.

Executives

John Kenneth Campbell	director	905 WEST PENDER ST STE 500, VANCOUVER BC CANADA A1 V6C1L6
Dan Brown	director	4615 232ND STREET, LANGLEY A1 V2Z 2S1
Michael Barry Hart	officer: Pres/Prin Exe Officer/Sec/Trea	3331 BEACH AVE, ROBERTS CREEK A1 V0N 2W2
Garth Johnson	officer: CFO	1407 - 1050 BURRARD ST., VANCOUVER A1 V6Z 2S3
Trans Orient Petroleum Ltd/	10 percent owner	WORLD TRADE CENTRE, SUITE 404-999 CANADA PLACE, VANCOUVER A1 V6C 3E2
Robert Pollock	10 percent owner	94 GARFIELD AVENUE, TORONTO A6 M4T 1G1
Doug Lynes	director	SUITE 350 - 6165 HIGHWAY 17, DELTA A1 V4K 5B8
Alex Guidi	10 percent owner	1055 WEST GEORGIA STREET, SUITE 1500, VANCOUVER A1 V6E 4N7