Hire Technologies (Hire Technologies) Total Assets : $16.16 Mil (As of Sep. 2022)

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What is Hire Technologies Total Assets?

Hire Technologies's Total Assets for the quarter that ended in Sep. 2022 was $16.16 Mil.

Total Assets is connected with ROA %. Hire Technologies's annualized ROA % for the quarter that ended in Sep. 2022 was -105.64%. Total Assets is also linked to Revenue through Asset Turnover. Hire Technologies's Asset Turnover for the quarter that ended in Sep. 2022 was 0.33.

Hire Technologies Total Assets Historical Data

The historical data trend for Hire 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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Hire Technologies Total Assets Chart

Hire Technologies Annual Data

Trend

Mar18

Mar19

Dec20

Dec21

Total Assets

0.22

0.67

10.35

18.88

Hire Technologies Quarterly Data
	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														21.49	18.88	19.42	18.83	16.16

Hire 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.

Hire Technologies'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 )
	=	3.141	+	15.738
	=	18.88

Hire Technologies'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 )
	=	-4.571	+	20.732
	=	16.16

Hire Technologies (OTCPK:HIRRF) Total Assets Explanation

Total Assets is connected with ROA %.

Hire Technologies'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 )
	=	-18.484	/	( (18.832	+	16.162)	/ 2 )
	=	-18.484	/	17.497
	=	-105.64 %

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.

Hire Technologies'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 )
=	5.775	/	( (18.832	+	16.162)	/ 2 )
=	5.775	/	17.497
=	0.33

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.

Hire Technologies Total Assets Related Terms

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Hire Technologies (Hire Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Hire Technologies Inc (OTCPK:HIRRF) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

55 Adelaide Street East, Suite 400, Toronto, ON, CAN, M5C 1K6

Website

https://www.hire.company

Hire Technologies Inc is focused on the acquisition of information technology, staffing, and HR consulting firms. The company provides cross-selling opportunities, access to proprietary operational tools, and a scalable, centralized back-office system to support growth. The company considers its operations to consist of a single reportable segment. The segment derives its revenue from the provision of recruitment and related HR services to customers. All operations occur in Canada.