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AS-IP Tech (AS-IP Tech) Total Assets : $0.03 Mil (As of Mar. 2023)


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What is AS-IP Tech Total Assets?

AS-IP Tech's Total Assets for the quarter that ended in Mar. 2023 was $0.03 Mil.

Total Assets is connected with ROA %. AS-IP Tech's annualized ROA % for the quarter that ended in Mar. 2023 was -2,715.49%. Total Assets is also linked to Revenue through Asset Turnover. AS-IP Tech's Asset Turnover for the quarter that ended in Mar. 2023 was 0.82.


AS-IP Tech Total Assets Historical Data

The historical data trend for AS-IP Tech'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.

* Premium members only.

AS-IP Tech Total Assets Chart

AS-IP Tech Annual Data
Trend Jun13 Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22
Total Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.14 0.07 0.02 0.16 0.13

AS-IP Tech Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.22 0.13 0.03 0.04 0.03

AS-IP Tech 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.

AS-IP Tech's Total Assets for the fiscal year that ended in Jun. 2022 is calculated as

Total Assets=Total Equity (A: Jun. 2022 )+Total Liabilities (A: Jun. 2022 )
=-2.172+2.305
=0.13

AS-IP Tech's Total Assets for the quarter that ended in Mar. 2023 is calculated as

Total Assets=Total Equity (Q: Mar. 2023 )+Total Liabilities (Q: Mar. 2023 )
=-2.686+2.715
=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.


AS-IP Tech  (OTCPK:IPTK) Total Assets Explanation

Total Assets is connected with ROA %.

AS-IP Tech's annualized ROA % for the quarter that ended in Mar. 2023 is

ROA %=Net Income (Q: Mar. 2023 )/( (Total Assets (Q: Dec. 2022 )+Total Assets (Q: Mar. 2023 ))/ count )
=-0.964/( (0.042+0.029)/ 2 )
=-0.964/0.0355
=-2,715.49 %

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

AS-IP Tech's Asset Turnover for the quarter that ended in Mar. 2023 is

Asset Turnover
=Revenue (Q: Mar. 2023 )/( (Total Assets (Q: Dec. 2022 )+Total Assets (Q: Mar. 2023 ))/ count )
=0.029/( (0.042+0.029)/ 2 )
=0.029/0.0355
=0.82

* 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.

AS-IP Tech Total Assets Related Terms

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AS-IP Tech (AS-IP Tech) Business Description

Traded in Other Exchanges
N/A
Address
1/15 Castles Drive, Torquay, VIC, AUS, 3228
AS-IP Tech Inc is engaged in creating in-flight connectivity systems that utilize Bluetooth Smart technology as a low-cost alternative to the traditionally expensive Wi-Fi platform. The company's technology consists of two products BizjetMobile and fflya. BizjetMobile provides corporate jets with an alternative global inflight connectivity solution and is marketed under the brand names CHiiMP and BizjetInternet. These are mobile apps that deliver optimized inflight text and email for passengers and crew; and fflya provides airlines with an inflight connectivity approach based on the latest mobile app technology, narrowband satellite links, and BlueTooth technology. The fflya platform reduces the installation, certification and equipment costs by up to 90% compared to inflight broadband.
Executives
Richard Lukso director 5610 VIA ARBOLADA, TUCSON AZ 85750
Philip Andrew Shiels director, officer: Chief Financial Officer 88 ELGIN STREET, HAWTHORN C3 3122
Ronald John Chapman director, 10 percent owner, officer: Chief Executive Officer 160 SILVAN ROAD, WATTLE GLEN C3 3096
Graham Owen Chappell director 5 MARINE PARADE, STE 2, ST KILDA, VICTORIA C3 3182
Van Der Griend Eric Paul 10 percent owner 100 BARKLY STREET, ST. KILDA C3 3182

AS-IP Tech (AS-IP Tech) Headlines

From GuruFocus

AS-IP Tech, Inc. Makes Aviation History

By PRNewswire PRNewswire 11-30-2021

ASIP Tech selected by Wizz Air for free inflight connectivity

By PRNewswire PRNewswire 06-03-2022

ASIP Tech selected by Wizz Air for free inflight connectivity

By PRNewswire PRNewswire 06-13-2022

ASIP Tech selected by Wizz Air for free inflight connectivity

By PRNewswire PRNewswire 07-03-2022

ASIP Tech selected by Wizz Air for free inflight connectivity

By PRNewswire PRNewswire 06-23-2022

ASIP Tech announces new STC for fflya.

By PRNewswire PRNewswire 05-08-2023

ASIP Tech selected by Wizz Air for free inflight connectivity

By PRNewswire PRNewswire 07-13-2022