Innovation1 Biotech (Innovation1 Biotech) Total Assets : $0.08 Mil (As of Aug. 2023)

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What is Innovation1 Biotech Total Assets?

Innovation1 Biotech's Total Assets for the quarter that ended in Aug. 2023 was $0.08 Mil.

During the past 12 months, Innovation1 Biotech's average Total Assets Growth Rate was -99.90% per year. During the past 3 years, the average Total Assets Growth Rate was -48.60% per year. During the past 5 years, the average Total Assets Growth Rate was 25.90% per year.

During the past 9 years, Innovation1 Biotech's highest 3-Year average Total Assets Growth Rate was 469.60%. The lowest was -48.60%. And the median was 168.40%.

Total Assets is connected with ROA %. Innovation1 Biotech's annualized ROA % for the quarter that ended in Aug. 2023 was -905.98%. Total Assets is also linked to Revenue through Asset Turnover. Innovation1 Biotech's Asset Turnover for the quarter that ended in Aug. 2023 was 0.00.

Innovation1 Biotech Total Assets Historical Data

The historical data trend for Innovation1 Biotech'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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Innovation1 Biotech Total Assets Chart

Innovation1 Biotech Annual Data

Trend

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Total Assets

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0.26

0.21

0.18

43.96

0.08

Innovation1 Biotech Quarterly Data
	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23
Total Assets	Get a 7-Day Free Trial															43.96	4.25	3.84	3.86	0.08

Innovation1 Biotech 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.

Innovation1 Biotech's Total Assets for the fiscal year that ended in Aug. 2023 is calculated as

Total Assets	=	Total Equity (A: Aug. 2023 )	+	Total Liabilities (A: Aug. 2023 )
	=	-3.43	+	3.506
	=	0.08

Innovation1 Biotech's Total Assets for the quarter that ended in Aug. 2023 is calculated as

Total Assets	=	Total Equity (Q: Aug. 2023 )	+	Total Liabilities (Q: Aug. 2023 )
	=	-3.43	+	3.506
	=	0.08

Innovation1 Biotech (OTCPK:IVBT) Total Assets Explanation

Total Assets is connected with ROA %.

Innovation1 Biotech's annualized ROA % for the quarter that ended in Aug. 2023 is

ROA %	=	Net Income (Q: Aug. 2023 )	/	( (Total Assets (Q: May. 2023 )	+	Total Assets (Q: Aug. 2023 ))	/ count )
	=	-17.816	/	( (3.857	+	0.076)	/ 2 )
	=	-17.816	/	1.9665
	=	-905.98 %

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

Innovation1 Biotech's Asset Turnover for the quarter that ended in Aug. 2023 is

	Asset Turnover
=	Revenue (Q: Aug. 2023 )	/	( (Total Assets (Q: May. 2023 )	+	Total Assets (Q: Aug. 2023 ))	/ count )
=	0	/	( (3.857	+	0.076)	/ 2 )
=	0	/	1.9665
=	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.

Innovation1 Biotech Total Assets Related Terms

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Innovation1 Biotech (Innovation1 Biotech) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Innovation1 Biotech Inc (OTCPK:IVBT) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

40 Wall Street, Suite 2701, New York, NY, USA, 10005

Website

https://www.innovation1bio.com

Innovation1 Biotech Inc is a shell company.

Executives

Grays Peak Llc	10 percent owner	8 THE GREEN, STE. A, DOVER DE 19803
Timothy Orr	director, 10 percent owner, officer: President	4010 TANAGER LANE, #A, MEAD WA 99021
Darren Long	director, 10 percent owner, officer: CEO & Secretary	4010 TANAGER LANE, #A, MEAD WA 99021
Brian Martinho	director, 10 percent owner, officer: Treasurer	4010 EAST TANAGER LANE, MEAD WA 99021