INVRF (Inverite Insights) Total Assets : $1.70 Mil (As of Dec. 2024)

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What is Inverite Insights Total Assets?

Inverite Insights's Total Assets for the quarter that ended in Dec. 2024 was $1.70 Mil.

During the past 12 months, Inverite Insights's average Total Assets Growth Rate was -29.70% per year. During the past 3 years, the average Total Assets Growth Rate was 16.90% per year. During the past 5 years, the average Total Assets Growth Rate was -0.90% per year.

During the past 5 years, Inverite Insights's highest 3-Year average Total Assets Growth Rate was 16.90%. The lowest was -11.20%. And the median was 2.85%.

Total Assets is connected with ROA %. Inverite Insights's annualized ROA % for the quarter that ended in Dec. 2024 was -106.76%. Total Assets is also linked to Revenue through Asset Turnover. Inverite Insights's Asset Turnover for the quarter that ended in Dec. 2024 was 0.12.

Inverite Insights Total Assets Historical Data

The historical data trend for Inverite Insights'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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Inverite Insights Total Assets Chart

Inverite Insights Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Total Assets

3.93

3.38

3.90

3.57

4.71

Inverite Insights Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Jun24	Sep24	Dec24
Total Assets	Get a 7-Day Free Trial															2.49	2.21	1.80	1.84	1.70

Inverite Insights 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.

Inverite Insights'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 )
	=	-2.316	+	7.028
	=	4.71

Inverite Insights's Total Assets for the quarter that ended in Dec. 2024 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2024 )	+	Total Liabilities (Q: Dec. 2024 )
	=	-1.435	+	3.131
	=	1.70

Inverite Insights (OTCPK:INVRF) Total Assets Explanation

Total Assets is connected with ROA %.

Inverite Insights's annualized ROA % for the quarter that ended in Dec. 2024 is

ROA %	=	Net Income (Q: Dec. 2024 )	/	( (Total Assets (Q: Sep. 2024 )	+	Total Assets (Q: Dec. 2024 ))	/ count )
	=	-1.888	/	( (1.841	+	1.696)	/ 2 )
	=	-1.888	/	1.7685
	=	-106.76 %

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

Inverite Insights's Asset Turnover for the quarter that ended in Dec. 2024 is

	Asset Turnover
=	Revenue (Q: Dec. 2024 )	/	( (Total Assets (Q: Sep. 2024 )	+	Total Assets (Q: Dec. 2024 ))	/ count )
=	0.218	/	( (1.841	+	1.696)	/ 2 )
=	0.218	/	1.7685
=	0.12

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.

Inverite Insights Total Assets Related Terms

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Inverite Insights Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Inverite Insights Inc (OTCPK:INVRF) » Definitions » Total Assets

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INVR:Canada

Address

999 Canada Place, Suite 404, Vancouver, BC, CAN, V6C 3E2.

Website

https://www.inverite.com

Inverite Insights Inc provides AI-driven software focusing on real-time financial data, which empowers business lenders and financial institutions to transact effectively for data enrichment, identify-KYC, risk management, and compliance. The company operates a cloud-based transactional and Risk Model as a Service (RMaaS) platform; and offers open banking and consumer-directed finance solutions, including banking verification solutions to the financial services industry for income verification, credit decisioning, fraud reduction, and know-your-client/anti-money laundering purposes.