iFIT Health & Fitness (iFIT Health & Fitness) Total Assets : $372 Mil (As of May. 2020)

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What is iFIT Health & Fitness Total Assets?

iFIT Health & Fitness's Total Assets for the quarter that ended in May. 2020 was $372 Mil.

Total Assets is connected with ROA %. iFIT Health & Fitness's annualized ROA % for the quarter that ended in May. 2020 was 0.00%. Total Assets is also linked to Revenue through Asset Turnover. iFIT Health & Fitness's Asset Turnover for the quarter that ended in May. 2020 was 0.00.

iFIT Health & Fitness Total Assets Historical Data

The historical data trend for iFIT Health & Fitness'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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iFIT Health & Fitness Total Assets Chart

iFIT Health & Fitness Annual Data

Trend

May19

May20

May21

Total Assets

372.13

992.57

iFIT Health & Fitness Quarterly Data
	May19	May20	May21
Total Assets	-	372.13	992.57

iFIT Health & Fitness 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.

iFIT Health & Fitness's Total Assets for the fiscal year that ended in May. 2021 is calculated as

Total Assets	=	Total Equity (A: May. 2021 )	+	Total Liabilities (A: May. 2021 )
	=	-670.159	+	1662.725
	=	993

iFIT Health & Fitness's Total Assets for the quarter that ended in May. 2020 is calculated as

Total Assets	=	Total Equity (Q: May. 2020 )	+	Total Liabilities (Q: May. 2020 )
	=	-181.156	+	553.285
	=	372

iFIT Health & Fitness (NAS:IFIT) Total Assets Explanation

Total Assets is connected with ROA %.

iFIT Health & Fitness's annualized ROA % for the quarter that ended in May. 2020 is

ROA %	=	Net Income (Q: May. 2020 )	/	( (Total Assets (Q: May. 2019 )	+	Total Assets (Q: May. 2020 ))	/ count )
	=	0	/	( (0	+	372.129)	/ 1 )
	=	0	/	372.129
	=	0.00 %

Note: The Net Income data used here is four times the quarterly (May. 2020) 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.

iFIT Health & Fitness's Asset Turnover for the quarter that ended in May. 2020 is

	Asset Turnover
=	Revenue (Q: May. 2020 )	/	( (Total Assets (Q: May. 2019 )	+	Total Assets (Q: May. 2020 ))	/ count )
=	0	/	( (0	+	372.129)	/ 1 )
=	0	/	372.129
=	0.00

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.

iFIT Health & Fitness Total Assets Related Terms

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iFIT Health & Fitness (iFIT Health & Fitness) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » iFIT Health & Fitness Inc (NAS:IFIT) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

1500 South 1000 West, Logan, UT, USA, 84321

Website

https://www.ifit.com

iFIT Health & Fitness Inc is a health and fitness subscription technology company. It is an integrated health and fitness platform, designed to connect proprietary software, experiential content, and interactive hardware to deliver an unmatched connected fitness experience. It has two segments. The Interactive Fitness Products segment, which is the key revenue driver, derives revenue from the sale of the treadmills, bikes, ellipticals, rowers, climbers, strength equipment, fitness mirrors, yoga equipment, and accessories. The Subscription segment derives revenue from iFIT subscriptions and the sale of extended warranties on the fitness equipment.