GTSWF (GetSwift Technologies) Total Assets : $32.92 Mil (As of Mar. 2021)

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What is GetSwift Technologies Total Assets?

GetSwift Technologies's Total Assets for the quarter that ended in Mar. 2021 was $32.92 Mil.

Total Assets is connected with ROA %. GetSwift Technologies's annualized ROA % for the quarter that ended in Mar. 2021 was -37.05%. Total Assets is also linked to Revenue through Asset Turnover. GetSwift Technologies's Asset Turnover for the quarter that ended in Mar. 2021 was 0.08.

GetSwift Technologies Total Assets Historical Data

The historical data trend for GetSwift Technologies'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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GetSwift Technologies Total Assets Chart

GetSwift Technologies Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Total Assets

4.60

12.14

71.85

55.08

52.19

GetSwift Technologies Quarterly Data
	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Mar21
Total Assets	Get a 7-Day Free Trial											47.69	-	52.19	-	32.92

GetSwift Technologies 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.

GetSwift Technologies's Total Assets for the fiscal year that ended in Jun. 2020 is calculated as

Total Assets	=	Total Equity (A: Jun. 2020 )	+	Total Liabilities (A: Jun. 2020 )
	=	34.625	+	17.565
	=	52.19

GetSwift Technologies's Total Assets for the quarter that ended in Mar. 2021 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2021 )	+	Total Liabilities (Q: Mar. 2021 )
	=	23.495	+	9.421
	=	32.92

GetSwift Technologies (OTCPK:GTSWF) Total Assets Explanation

Total Assets is connected with ROA %.

GetSwift Technologies's annualized ROA % for the quarter that ended in Mar. 2021 is

ROA %	=	Net Income (Q: Mar. 2021 )	/	( (Total Assets (Q: Sep. 2020 )	+	Total Assets (Q: Mar. 2021 ))	/ count )
	=	-12.196	/	( (0	+	32.917)	/ 1 )
	=	-12.196	/	32.917
	=	-37.05 %

Note: The Net Income data used here is four times the quarterly (Mar. 2021) 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.

GetSwift Technologies's Asset Turnover for the quarter that ended in Mar. 2021 is

	Asset Turnover
=	Revenue (Q: Mar. 2021 )	/	( (Total Assets (Q: Sep. 2020 )	+	Total Assets (Q: Mar. 2021 ))	/ count )
=	2.642	/	( (0	+	32.917)	/ 1 )
=	2.642	/	32.917
=	0.08

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.

GetSwift Technologies Total Assets Related Terms

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GetSwift Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » GetSwift Technologies Ltd (OTCPK:GTSWF) » Definitions » Total Assets

Comparable Companies

TSXV:ID XSAT:JOJK XCNQ:PLNK ASX:AO1 WAR:ITL WAR:MAD XCNQ:PPK OCSE:NEXCOM TSXV:NPA XCNQ:PUSH

Traded in Other Exchanges

N/A

Address

1185 6th Avenue, New York, NY, USA, 10036

Website

https://www.getswift.co

GetSwift Technologies Ltd is a technology and services company that offers a suite of software, products, and services through its operating subsidiaries, which are focused on business and logistics and automation, data management and analysis, communications, information security, and infrastructure optimization and also includes e-commerce and marketplace ordering, workforce management, data analytics and augmentation, business intelligence, route optimization, cash management, task management shift management, asset tracking, real-time alerts, cloud communications, and communications infrastructure services and products through consulting, design, construction, and maintenance.