HMMR (Hammer Fiber Optics Holdings) Total Assets : $3.04 Mil (As of Jul. 2024)

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What is Hammer Fiber Optics Holdings Total Assets?

Hammer Fiber Optics Holdings's Total Assets for the quarter that ended in Jul. 2024 was $3.04 Mil.

During the past 12 months, Hammer Fiber Optics Holdings's average Total Assets Growth Rate was -19.40% per year. During the past 3 years, the average Total Assets Growth Rate was -15.00% per year. During the past 5 years, the average Total Assets Growth Rate was -10.30% per year.

During the past 13 years, Hammer Fiber Optics Holdings's highest 3-Year average Total Assets Growth Rate was 55.60%. The lowest was -15.00%. And the median was -1.50%.

Total Assets is connected with ROA %. Hammer Fiber Optics Holdings's annualized ROA % for the quarter that ended in Jul. 2024 was -47.37%. Total Assets is also linked to Revenue through Asset Turnover. Hammer Fiber Optics Holdings's Asset Turnover for the quarter that ended in Jul. 2024 was 0.14.

Hammer Fiber Optics Holdings Total Assets Historical Data

The historical data trend for Hammer Fiber Optics Holdings'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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Hammer Fiber Optics Holdings Total Assets Chart

Hammer Fiber Optics Holdings Annual Data

Trend

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Jul24

Total Assets

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5.14

4.90

6.14

3.74

3.04

Hammer Fiber Optics Holdings Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24
Total Assets	Get a 7-Day Free Trial															3.74	7.86	7.89	7.96	3.04

Hammer Fiber Optics Holdings 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.

Hammer Fiber Optics Holdings's Total Assets for the fiscal year that ended in Jul. 2024 is calculated as

Total Assets	=	Total Equity (A: Jul. 2024 )	+	Total Liabilities (A: Jul. 2024 )
	=	-0.961	+	3.998
	=	3.04

Hammer Fiber Optics Holdings's Total Assets for the quarter that ended in Jul. 2024 is calculated as

Total Assets	=	Total Equity (Q: Jul. 2024 )	+	Total Liabilities (Q: Jul. 2024 )
	=	-0.961	+	3.998
	=	3.04

Hammer Fiber Optics Holdings (OTCPK:HMMR) Total Assets Explanation

Total Assets is connected with ROA %.

Hammer Fiber Optics Holdings's annualized ROA % for the quarter that ended in Jul. 2024 is

ROA %	=	Net Income (Q: Jul. 2024 )	/	( (Total Assets (Q: Apr. 2024 )	+	Total Assets (Q: Jul. 2024 ))	/ count )
	=	-2.604	/	( (7.958	+	3.037)	/ 2 )
	=	-2.604	/	5.4975
	=	-47.37 %

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

Hammer Fiber Optics Holdings's Asset Turnover for the quarter that ended in Jul. 2024 is

	Asset Turnover
=	Revenue (Q: Jul. 2024 )	/	( (Total Assets (Q: Apr. 2024 )	+	Total Assets (Q: Jul. 2024 ))	/ count )
=	0.773	/	( (7.958	+	3.037)	/ 2 )
=	0.773	/	5.4975
=	0.14

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.

Hammer Fiber Optics Holdings Total Assets Related Terms

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Hammer Fiber Optics Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Hammer Fiber Optics Holdings Corp (OTCPK:HMMR) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

6151 Lake Osprey Drive, Sarasota, FL, USA, 34240

Website

https://www.hmmrgroup.com

Hammer Fiber Optics Holdings Corp is a telecommunications company. Its products and services include Financial Services such as Digital Payment Systems, Telecommunications, and Data Services such as Wireless and over-the-Top Services such as voice, messaging, video, and hosting. HammerPay, is a mobile-first digital solution designed to deliver seamless stored-value digital services to both businesses and consumers, including those traditionally underserved by the digital economy.

Executives

Mark Stogdill	director	311 BROADWAY, POINT PLEASANT BEACH NJ 08742
Erik B Levitt	director, officer: CEO & President	C/O HAMMER FIBER OPTICS HOLDINGS CORP., 401 EAST 34TH STREET, SUITE #N27J, NEW YORK NY 10016
Michael Cothill	director, officer: Pres, CEO, CFO, Secy, Treas	311 BROADWAY, POINT PLEASANT BEACH NJ 08742
Helen E. Stogdill	10 percent owner	3722 RIVER RD., POINT PLEASANT BORO NJ 08742
Michael Leonard Adamcik,	officer: Corporate Secretary	311 BROADWAY, PT. PLEASANT BEACH NJ 08742
Dennis W Doll	director	1500 RONSON ROAD, ISELIN NJ 08830
Don Macneil	director	311 BROADWAY, POINT PLEASANT BEACH NJ 08742
Michael Sevell	director, 10 percent owner	311 BROADWAY, POINT PLEASANT BEACH NJ 08742
James Pomposello	officer: Secretary	311 BROADWAY, POINT PLEASANT BEACH NJ 08742
Bruce Farmer	director	C/O RECURSOS MONTANA, S.A., 1ST STREET, #3, CERROS DEL ATLANTICO, PUERTO PLATA G8 006234