KWIK (KwikClick) Total Assets : $1.84 Mil (As of Sep. 2024)

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What is KwikClick Total Assets?

KwikClick's Total Assets for the quarter that ended in Sep. 2024 was $1.84 Mil.

During the past 12 months, KwikClick's average Total Assets Growth Rate was -10.30% per year. During the past 3 years, the average Total Assets Growth Rate was 98.40% per year.

During the past 4 years, KwikClick's highest 3-Year average Total Assets Growth Rate was 98.40%. The lowest was 98.40%. And the median was 98.40%.

Total Assets is connected with ROA %. KwikClick's annualized ROA % for the quarter that ended in Sep. 2024 was -90.03%. Total Assets is also linked to Revenue through Asset Turnover. KwikClick's Asset Turnover for the quarter that ended in Sep. 2024 was 0.02.

KwikClick Total Assets Historical Data

The historical data trend for KwikClick'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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KwikClick Total Assets Chart

KwikClick Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Total Assets

0.96

1.23

1.22

1.56

KwikClick Quarterly Data
	Mar99	Jun99	Sep99	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Assets	Get a 7-Day Free Trial													1.60	1.56	1.48	1.44	1.84

KwikClick 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.

KwikClick'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 )
	=	-1.274	+	2.83
	=	1.56

KwikClick'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 )
	=	-1.809	+	3.647
	=	1.84

KwikClick (OTCPK:KWIK) Total Assets Explanation

Total Assets is connected with ROA %.

KwikClick'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 )
	=	-1.476	/	( (1.442	+	1.837)	/ 2 )
	=	-1.476	/	1.6395
	=	-90.03 %

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.

KwikClick'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 )
=	0.033	/	( (1.442	+	1.837)	/ 2 )
=	0.033	/	1.6395
=	0.02

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.

KwikClick Total Assets Related Terms

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KwikClick Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

585 West 500 South, Suite 130, Bountiful, UT, USA, 84010

Website

https://www.kwikclick.com

KwikClick Inc is a SaaS (software as a service) platform developed to connect sellers with buyers (participants) while merging the benefits of social media marketing with the intense power of individual affiliate marketing typically associated only with network marketing organizations. Its app allows participants to be compensated for all sales that occur as a result of referring any product or service, participants wish to promote actively or passively as participants correspond socially, through mobile devices, or online.

Executives

David Hunt

director

66 EXCHANGE PL, STE 201, SALT LAKE CITY UT 84111