KIQSF (Kelso Technologies) Total Assets : $6.57 Mil (As of Dec. 2024)

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What is Kelso Technologies Total Assets?

Kelso Technologies's Total Assets for the quarter that ended in Dec. 2024 was $6.57 Mil.

During the past 12 months, Kelso Technologies's average Total Assets Growth Rate was -17.60% per year. During the past 3 years, the average Total Assets Growth Rate was -11.60% per year. During the past 5 years, the average Total Assets Growth Rate was -6.10% per year. During the past 10 years, the average Total Assets Growth Rate was -2.90% per year.

During the past 13 years, Kelso Technologies's highest 3-Year average Total Assets Growth Rate was 489.70%. The lowest was -67.10%. And the median was 17.00%.

Total Assets is connected with ROA %. Kelso Technologies's annualized ROA % for the quarter that ended in Dec. 2024 was -149.08%. Total Assets is also linked to Revenue through Asset Turnover. Kelso Technologies's Asset Turnover for the quarter that ended in Dec. 2024 was 0.32.

Kelso Technologies Total Assets Historical Data

The historical data trend for Kelso Technologies'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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Kelso Technologies Total Assets Chart

Kelso Technologies Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Total Assets

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12.02

13.73

12.15

9.70

6.57

Kelso Technologies Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Total Assets	Get a 7-Day Free Trial															9.70	10.21	10.35	9.62	6.57

Kelso Technologies 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.

Kelso Technologies's Total Assets for the fiscal year that ended in Dec. 2024 is calculated as

Total Assets	=	Total Equity (A: Dec. 2024 )	+	Total Liabilities (A: Dec. 2024 )
	=	4.229	+	2.341
	=	6.57

Kelso Technologies'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 )
	=	4.229	+	2.341
	=	6.57

Kelso Technologies (OTCPK:KIQSF) Total Assets Explanation

Total Assets is connected with ROA %.

Kelso Technologies'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 )
	=	-12.068	/	( (9.62	+	6.57)	/ 2 )
	=	-12.068	/	8.095
	=	-149.08 %

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.

Kelso Technologies'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 )
=	2.613	/	( (9.62	+	6.57)	/ 2 )
=	2.613	/	8.095
=	0.32

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.

Kelso Technologies Total Assets Related Terms

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Kelso Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Kelso Technologies Inc (OTCPK:KIQSF) » Definitions » Total Assets

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KLS:Canada

Address

305 - 1979 Old Okanagan Highway, West Kelowna, BC, CAN, V4T 3A4

Website

https://www.kelsotech.com

Kelso Technologies Inc is a railway equipment supplier that produces and sells tank car service equipment used for the safe loading, unloading, and containment of hazardous materials during transport. The firm designs, engineers, markets, produces, and distributes various fuel valves, pressure relief valves, manway securement systems, and other related products designed to reduce the risk of environmental harm due to non-accidental events in the transportation of hazardous commodities via railroad tank cars. The company operates one business segment, which consists of the design, production, and distribution of various proprietary products for the rail sector. Geographically, it operates in the United States.

Kelso Technologies Headlines

From GuruFocus

Kelso Technologies Stock Gives Every Indication Of Being Significantly Overvalued

By GF Value GF Value • 04-13-2021