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iGen Networks's Total Assets for the quarter that ended in Sep. 2023 was $0.03 Mil.
During the past 12 months, iGen Networks's average Total Assets Growth Rate was -94.70% per year. During the past 3 years, the average Total Assets Growth Rate was 5.00% per year. During the past 5 years, the average Total Assets Growth Rate was 1.60% per year. During the past 10 years, the average Total Assets Growth Rate was 0.70% per year.
During the past 13 years, iGen Networks's highest 3-Year average Total Assets Growth Rate was 738.20%. The lowest was -31.30%. And the median was 5.00%.
Total Assets is connected with ROA %. iGen Networks's annualized ROA % for the quarter that ended in Sep. 2023 was -2,125.37%. Total Assets is also linked to Revenue through Asset Turnover. iGen Networks's Asset Turnover for the quarter that ended in Sep. 2023 was 1.43.
The historical data trend for iGen Networks'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.
iGen Networks Annual Data | |||||||||||||||||||||
Trend | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | |||||||||||
Total Assets | Get a 7-Day Free Trial | 0.65 | 0.53 | 0.59 | 0.76 | 0.62 |
iGen Networks Quarterly Data | ||||||||||||||||||||
Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | |
Total Assets | Get a 7-Day Free Trial | 0.71 | 0.62 | 0.59 | 0.03 | 0.03 |
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.
iGen Networks's Total Assets for the fiscal year that ended in Dec. 2022 is calculated as
Total Assets | = | Total Equity (A: Dec. 2022 ) | + | Total Liabilities (A: Dec. 2022 ) |
= | -0.839 | + | 1.456 | |
= | 0.62 |
iGen Networks's Total Assets for the quarter that ended in Sep. 2023 is calculated as
Total Assets | = | Total Equity (Q: Sep. 2023 ) | + | Total Liabilities (Q: Sep. 2023 ) |
= | -1.421 | + | 1.455 | |
= | 0.03 |
* 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.
iGen Networks (OTCPK:IGEN) Total Assets Explanation
Total Assets is connected with ROA %.
iGen Networks's annualized ROA % for the quarter that ended in Sep. 2023 is
ROA % | = | Net Income (Q: Sep. 2023 ) | / | ( (Total Assets (Q: Jun. 2023 ) | + | Total Assets (Q: Sep. 2023 )) | / count ) |
= | -0.712 | / | ( (0.034 | + | 0.033) | / 2 ) | |
= | -0.712 | / | 0.0335 | ||||
= | -2,125.37 % |
Note: The Net Income data used here is four times the quarterly (Sep. 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.
iGen Networks's Asset Turnover for the quarter that ended in Sep. 2023 is
Asset Turnover | ||||||
= | Revenue (Q: Sep. 2023 ) | / | ( (Total Assets (Q: Jun. 2023 ) | + | Total Assets (Q: Sep. 2023 )) | / count ) |
= | 0.048 | / | ( (0.034 | + | 0.033) | / 2 ) |
= | 0.048 | / | 0.0335 | |||
= | 1.43 |
* 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.
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.
Thank you for viewing the detailed overview of iGen Networks's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Neil Gene Chan | director, officer: CEO | 1075 ST. DAVID STREET, VICTORIA A1 V8S 4Y7 |
Robert G Friedman | director, 10 percent owner | 510 EAST 80 STREET, NEW YORK NY 10075 |
Sierra Abel Israel Sr | officer: VP/GM | 28375 ROSTRATA AVE, LAKE ELSINORE CA 92532 |
Robert Nealon | director | 119 NORTH HENRY STREET, ALEXANDRIA VA 22314 |
Richard Allan Freeman | director, officer: COO | 361 WEST 20TH AVE, VANCOUVER A1 V5Y 2C5 |
Richard Gilbertson | director, officer: Chief Financial Officer | 408 WEST PALM AIRE DRIVE, POMPANO BEACH FL 33069 |
Chris Shade | director | 84283 - 5512 4TH STREET NW, CALGARY A0 T2K 1A9 |
Monty Ormsby | director, officer: President | 5605 INDIGO BAY WAY, LAS VEGAS NV 89131 |
Michael Grudman | director, officer: CFO | 104 - 838 W16TH AVE, VANCOUVER A1 V5Z 1T1 |
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