IQST (iQSTEL) Total Assets : $32.4 Mil (As of Sep. 2024)

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What is iQSTEL Total Assets?

iQSTEL's Total Assets for the quarter that ended in Sep. 2024 was $32.4 Mil.

During the past 12 months, iQSTEL's average Total Assets Growth Rate was 88.00% per year. During the past 3 years, the average Total Assets Growth Rate was 58.70% per year. During the past 5 years, the average Total Assets Growth Rate was 45.30% per year.

During the past 13 years, iQSTEL's highest 3-Year average Total Assets Growth Rate was 643.00%. The lowest was 13.00%. And the median was 33.30%.

Total Assets is connected with ROA %. iQSTEL's annualized ROA % for the quarter that ended in Sep. 2024 was -11.84%. Total Assets is also linked to Revenue through Asset Turnover. iQSTEL's Asset Turnover for the quarter that ended in Sep. 2024 was 1.74.

iQSTEL Total Assets Historical Data

The historical data trend for iQSTEL'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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iQSTEL Total Assets Chart

iQSTEL Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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5.60

5.95

9.06

12.55

22.16

iQSTEL Quarterly Data
	Dec19	Mar20	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															18.12	22.16	22.12	29.99	32.44

iQSTEL 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.

iQSTEL's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	8.046	+	14.11
	=	22.2

iQSTEL'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 )
	=	8.089	+	24.35
	=	32.4

iQSTEL (OTCPK:IQST) Total Assets Explanation

Total Assets is connected with ROA %.

iQSTEL'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 )
	=	-3.696	/	( (29.987	+	32.439)	/ 2 )
	=	-3.696	/	31.213
	=	-11.84 %

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.

iQSTEL'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 )
=	54.25	/	( (29.987	+	32.439)	/ 2 )
=	54.25	/	31.213
=	1.74

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.

iQSTEL Total Assets Related Terms

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iQSTEL Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » iQSTEL Inc (OTCPK:IQST) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

300 Aragon Avenue, Suite 375, Coral Gables, FL, USA, 33134

Website

https://www.iqstel.com

iQSTEL Inc is a technology company offering a wide array of services to the telecom and Internet industry. The business divisions of the company are Telecommunication including VoIP, SMS, International Fiber-Optic, Proprietary Internet of Things (IoT), and a Proprietary Mobile Portability Blockchain Platform; the Fintech division includes remittances services, top-up services, Master Card Debit Card, a USA Bank Account, and a Mobile App; Electric Vehicles division offers Electric Motorcycles and plans to launch a Mid Speed Car; and the Metaverse division includes Metaverse platform to access products, services, content, entertainment, information, customer support, and more in a virtual 3D interface. Geographically, it derives a majority of its revenue from the USA.

Executives

Oscar A Brito	director, 10 percent owner	888 BRICKELL KEY DRIVE, 1102, MIAMI FL 33131
Carlos Daniel Silva	10 percent owner	MARTIN CORONADO 3260 PISO 2O OF 212, BUENOS AIRES C1 1425
Alvaro Quintana Cardona	director, officer: COO and CFO	18650 NE 28TH CT., AVENTURA FL 33180
Leandro Jose Iglesias	director, 10 percent owner, officer: President, CEO, Chairperson	AVENIDA DE ARTEIXO 21, 1-IZQ, LA CORU?A U3 15004
Lopez Silva Juan Carlos	officer: Chief Commercial Officer	CALLE 99 #56?41 APTO. 602, BARRANQUILLA F8 080014