FLYLF (FLYHT Aerospace Solutions) Total Assets : $11.07 Mil (As of Jun. 2024)

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What is FLYHT Aerospace Solutions Total Assets?

FLYHT Aerospace Solutions's Total Assets for the quarter that ended in Jun. 2024 was $11.07 Mil.

During the past 3 years, the average Total Assets Growth Rate was 9.10% per year. During the past 5 years, the average Total Assets Growth Rate was 10.20% per year. During the past 10 years, the average Total Assets Growth Rate was 14.20% per year.

During the past 13 years, FLYHT Aerospace Solutions's highest 3-Year average Total Assets Growth Rate was 87.40%. The lowest was -11.50%. And the median was 9.40%.

Total Assets is connected with ROA %. FLYHT Aerospace Solutions's annualized ROA % for the quarter that ended in Jun. 2024 was -50.39%. Total Assets is also linked to Revenue through Asset Turnover. FLYHT Aerospace Solutions's Asset Turnover for the quarter that ended in Jun. 2024 was 0.30.

FLYHT Aerospace Solutions Total Assets Historical Data

The historical data trend for FLYHT Aerospace 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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FLYHT Aerospace Solutions Total Assets Chart

FLYHT Aerospace Solutions Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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11.19

10.72

10.35

12.18

9.84

FLYHT Aerospace Solutions Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Total Assets	Get a 7-Day Free Trial															-	9.96	9.84	9.73	11.07

FLYHT Aerospace 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.

FLYHT Aerospace 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 )
	=	0.812	+	9.03
	=	9.84

FLYHT Aerospace Solutions's Total Assets for the quarter that ended in Jun. 2024 is calculated as

Total Assets	=	Total Equity (Q: Jun. 2024 )	+	Total Liabilities (Q: Jun. 2024 )
	=	-0.931	+	11.997
	=	11.07

FLYHT Aerospace Solutions (OTCPK:FLYLF) Total Assets Explanation

Total Assets is connected with ROA %.

FLYHT Aerospace Solutions's annualized ROA % for the quarter that ended in Jun. 2024 is

ROA %	=	Net Income (Q: Jun. 2024 )	/	( (Total Assets (Q: Mar. 2024 )	+	Total Assets (Q: Jun. 2024 ))	/ count )
	=	-5.24	/	( (9.73	+	11.066)	/ 2 )
	=	-5.24	/	10.398
	=	-50.39 %

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

FLYHT Aerospace Solutions's Asset Turnover for the quarter that ended in Jun. 2024 is

	Asset Turnover
=	Revenue (Q: Jun. 2024 )	/	( (Total Assets (Q: Mar. 2024 )	+	Total Assets (Q: Jun. 2024 ))	/ count )
=	3.146	/	( (9.73	+	11.066)	/ 2 )
=	3.146	/	10.398
=	0.30

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.

FLYHT Aerospace Solutions Total Assets Related Terms

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FLYHT Aerospace Solutions Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » FLYHT Aerospace Solutions Ltd (OTCPK:FLYLF) » Definitions » Total Assets

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FLY:Canada

Address

1212 – 31 Avenue Northeast, Suite 500, Calgary, AB, CAN, T2E 7S8

Website

https://www.flyht.com

FLYHT Aerospace Solutions Ltd provides airlines with Actionable Intelligence to transform operational insight into immediate, quantifiable action, and delivers industry leading solutions to improve aviation safety, efficiency, and profitability. This unique capability is driven by a suite of patented aircraft-certified hardware products, including AFIRS, the AFIRS Edge, TAMDAR and FLYHT-WVSS-II. The company's product and services include SaaS, Hardware, Licensing and Technical Services. Geographically, the company operates in United States & Mexico, Asia, China, Middle East, Canada, Australia, Africa, Europe and South/Central America.