IPTNF (Credissential) Total Assets : $1.60 Mil (As of Sep. 2024)

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What is Credissential Total Assets?

Credissential's Total Assets for the quarter that ended in Sep. 2024 was $1.60 Mil.

During the past 3 years, the average Total Assets Growth Rate was 480.60% per year.

During the past 5 years, Credissential's highest 3-Year average Total Assets Growth Rate was 480.60%. The lowest was -78.90%. And the median was 200.85%.

Total Assets is connected with ROA %. Credissential's annualized ROA % for the quarter that ended in Sep. 2024 was -2,139.66%. Total Assets is also linked to Revenue through Asset Turnover. Credissential's Asset Turnover for the quarter that ended in Sep. 2024 was 0.00.

Credissential Total Assets Historical Data

The historical data trend for Credissential'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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Credissential Total Assets Chart

Credissential Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Jun24

Total Assets

0.11

0.01

0.02

0.01

0.71

Credissential Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Assets	Get a 7-Day Free Trial													0.01	0.38	0.35	0.71	1.60

Credissential 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.

Credissential's Total Assets for the fiscal year that ended in Jun. 2024 is calculated as

Total Assets	=	Total Equity (A: Jun. 2024 )	+	Total Liabilities (A: Jun. 2024 )
	=	0.081	+	0.633
	=	0.71

Credissential's Total Assets for the quarter that ended in Sep. 2024 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2024 )	+	Total Liabilities (Q: Sep. 2024 )
	=	0.122	+	1.481
	=	1.60

Credissential (OTCPK:IPTNF) Total Assets Explanation

Total Assets is connected with ROA %.

Credissential's annualized ROA % for the quarter that ended in Sep. 2024 is

ROA %	=	Net Income (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
	=	-24.788	/	( (0.714	+	1.603)	/ 2 )
	=	-24.788	/	1.1585
	=	-2,139.66 %

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

Credissential's Asset Turnover for the quarter that ended in Sep. 2024 is

	Asset Turnover
=	Revenue (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
=	0	/	( (0.714	+	1.603)	/ 2 )
=	0	/	1.1585
=	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.

Credissential Total Assets Related Terms

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Credissential Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Credissential Inc (OTCPK:IPTNF) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

9YZ:Germany WHIP:Canada

Address

2004 Sherwood Drive, Suite 210, Sherwood Park, AB, CAN, T8A 0Z1

Website

https://www.credissential.com

Credissential Inc is an AI powered financial services software developer, focused on the development and commercialization of its flagship product, Credissential and Dealerflow.