FULO (Fullnet Communications) Total Assets : $3.40 Mil (As of Dec. 2023)

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What is Fullnet Communications Total Assets?

Fullnet Communications's Total Assets for the quarter that ended in Dec. 2023 was $3.40 Mil.

Total Assets is connected with ROA %. Fullnet Communications's annualized ROA % for the quarter that ended in Dec. 2023 was 11.92%. Total Assets is also linked to Revenue through Asset Turnover. Fullnet Communications's Asset Turnover for the quarter that ended in Dec. 2023 was 0.31.

Fullnet Communications Total Assets Historical Data

The historical data trend for Fullnet Communications'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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Fullnet Communications Total Assets Chart

Fullnet Communications Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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1.33

2.40

3.23

3.18

3.40

Fullnet Communications Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial															3.18	3.28	3.37	3.38	3.40

Fullnet Communications 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.

Fullnet Communications'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 )
	=	1.622	+	1.781
	=	3.40

Fullnet Communications's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	1.622	+	1.781
	=	3.40

Fullnet Communications (OTCPK:FULO) Total Assets Explanation

Total Assets is connected with ROA %.

Fullnet Communications's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	0.404	/	( (3.378	+	3.403)	/ 2 )
	=	0.404	/	3.3905
	=	11.92 %

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

Fullnet Communications's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	1.049	/	( (3.378	+	3.403)	/ 2 )
=	1.049	/	3.3905
=	0.31

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.

Fullnet Communications Total Assets Related Terms

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Fullnet Communications Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Fullnet Communications Inc (OTCPK:FULO) » Definitions » Total Assets

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Address

201 Robert S. Kerr Avenue, Suite 210, Oklahoma City, OK, USA, 73102

Website

https://www.fullnet.net

Fullnet Communications Inc is an integrated communications provider. The company through its subsidiaries, provides high quality, reliable and scalable Internet access, web hosting, local telephone service, equipment colocation, customized live help desk outsourcing services, mass notification services using text messages and automated telephone calls, as well as advanced voice and data solutions. The company derives the majority of its revenue and its customers from three primary types of service Mass notification services using text messages and automated telephone calls; Equipment colocation and related services; and Customized live help desk outsourcing service.

Executives

Timothy J Kilkenny	director, 10 percent owner, officer: Chief Executive Officer	201 ROBERT S KERR AVE STE 210, OKLAHOMA CITY OK 73102
Roger P Baresel	director, officer: President & CFO	201 ROBERT S KERR AVE STE 210, OKLAHOMA CITY OK 73102
Michael D Tomas	officer: Vice President	201 ROBERT S KERR AVENUE STE. 210, OKLAHJOMA CITY OK 73102
Theodore S Williams	officer: Vice President	201 ROBERT S KERR AVENUE STE. 210, OKLAHJOMA CITY OK 73102
Jason C Ayers	officer: Vice President	201 ROBERT S KERR AVE STE 210, OKLAHOMA CITY OK 73102
Patricia R Shurley	officer: Vice President	201 ROBERT S KERR AVE STE 210, OKLAHOMA CITY OK 73102

Fullnet Communications Headlines

From GuruFocus

Fullnet Communications Stock Gives Every Indication Of Being Significantly Overvalued

By GF Value GF Value • 04-24-2021