First Choice Healthcare Solutions (First Choice Healthcare Solutions) Total Assets : $3.07 Mil (As of Mar. 2024)

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What is First Choice Healthcare Solutions Total Assets?

First Choice Healthcare Solutions's Total Assets for the quarter that ended in Mar. 2024 was $3.07 Mil.

During the past 12 months, First Choice Healthcare Solutions's average Total Assets Growth Rate was -84.80% per year. During the past 3 years, the average Total Assets Growth Rate was -43.80% per year. During the past 5 years, the average Total Assets Growth Rate was -24.80% per year. During the past 10 years, the average Total Assets Growth Rate was 4.00% per year.

During the past 13 years, First Choice Healthcare Solutions's highest 3-Year average Total Assets Growth Rate was 33.00%. The lowest was -43.80%. And the median was 21.95%.

Total Assets is connected with ROA %. First Choice Healthcare Solutions's annualized ROA % for the quarter that ended in Mar. 2024 was -155.63%. Total Assets is also linked to Revenue through Asset Turnover. First Choice Healthcare Solutions's Asset Turnover for the quarter that ended in Mar. 2024 was 0.00.

First Choice Healthcare Solutions Total Assets Historical Data

The historical data trend for First Choice Healthcare 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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First Choice Healthcare Solutions Total Assets Chart

First Choice Healthcare Solutions Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec22

Dec23

Total Assets

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22.62

22.15

18.75

6.52

3.12

First Choice Healthcare Solutions Quarterly Data
	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec22	Mar23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															27.80	6.52	-	3.12	3.07

First Choice Healthcare 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.

First Choice Healthcare Solutions's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	-28.53	+	31.653
	=	3.12

First Choice Healthcare Solutions's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	-29.903	+	32.975
	=	3.07

First Choice Healthcare Solutions (OTCPK:FCHS) Total Assets Explanation

Total Assets is connected with ROA %.

First Choice Healthcare Solutions's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	-4.82	/	( (3.123	+	3.071)	/ 2 )
	=	-4.82	/	3.097
	=	-155.63 %

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

First Choice Healthcare Solutions's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	0.007	/	( (3.123	+	3.071)	/ 2 )
=	0.007	/	3.097
=	0.00

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.

First Choice Healthcare Solutions Total Assets Related Terms

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First Choice Healthcare Solutions (First Choice Healthcare Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » First Choice Healthcare Solutions Inc (OTCPK:FCHS) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

95 Bulldog Boulevard, Suite 202, Melbourne, FL, USA, 32901

Website

https://www.myfchs.com

First Choice Healthcare Solutions Inc is engaged in implementing a defined growth strategy aimed at building a network of localized, integrated healthcare services platforms comprised of primary care using doctors, nurse practitioners, health and well services (anti-aging, weight management and stem cells), rehabilitative therapy, pain management, and pharmacy- services. in markets throughout the U.S.

Executives

Gary Pickett	officer: Chief Financial Officer	9958 LAKE SEMINOLE DR. W., LARGO FL 33773
Michael J. West	other: Former Officer and Owner	16325 EAST DORADO AVE., CENTENNIAL CO 80111
Stephen H. West	director, officer: Secretary	16325 EAST DORADO AVE., CENTENNIAL CO 80111