Limitless Venture Group (Limitless Venture Group) Total Assets : $1.98 Mil (As of Jun. 2022)

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What is Limitless Venture Group Total Assets?

Limitless Venture Group's Total Assets for the quarter that ended in Jun. 2022 was $1.98 Mil.

Total Assets is connected with ROA %. Limitless Venture Group's annualized ROA % for the quarter that ended in Jun. 2022 was -102.63%. Total Assets is also linked to Revenue through Asset Turnover. Limitless Venture Group's Asset Turnover for the quarter that ended in Jun. 2022 was 0.35.

Limitless Venture Group Total Assets Historical Data

The historical data trend for Limitless Venture Group'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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Limitless Venture Group Total Assets Chart

Limitless Venture Group Annual Data

Trend

Total Assets

Limitless Venture Group Semi-Annual Data
	Jun21	Jun22
Total Assets	-	1.98

Limitless Venture Group 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.

Limitless Venture Group's Total Assets for the fiscal year that ended in . 20 is calculated as

Total Assets	=	Total Equity (A: . 20 )	+	Total Liabilities (A: . 20 )
	=	N/A	+	N/A
	=	N/A

Limitless Venture Group's Total Assets for the quarter that ended in Jun. 2022 is calculated as

Total Assets	=	Total Equity (Q: Jun. 2022 )	+	Total Liabilities (Q: Jun. 2022 )
	=	-4.584	+	6.56
	=	1.98

Limitless Venture Group (OTCPK:LVGI) Total Assets Explanation

Total Assets is connected with ROA %.

Limitless Venture Group's annualized ROA % for the quarter that ended in Jun. 2022 is

ROA %	=	Net Income (Q: Jun. 2022 )	/	( (Total Assets (Q: Jun. 2021 )	+	Total Assets (Q: Jun. 2022 ))	/ count )
	=	-2.028	/	( (0	+	1.976)	/ 1 )
	=	-2.028	/	1.976
	=	-102.63 %

Note: The Net Income data used here is two times the semi-annual (Jun. 2022) 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.

Limitless Venture Group's Asset Turnover for the quarter that ended in Jun. 2022 is

	Asset Turnover
=	Revenue (Q: Jun. 2022 )	/	( (Total Assets (Q: Jun. 2021 )	+	Total Assets (Q: Jun. 2022 ))	/ count )
=	0.698	/	( (0	+	1.976)	/ 1 )
=	0.698	/	1.976
=	0.35

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.

Limitless Venture Group Total Assets Related Terms

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Limitless Venture Group (Limitless Venture Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Limitless Venture Group Inc (OTCPK:LVGI) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

121 East 35 Street, Tulsa, OK, USA, 74105

Website

https://www.lvginc.com

Limitless Venture Group Inc provides its shareholders with access to leading small and medium businesses. The company owns controlling interests in its subsidiary businesses and partners with their management teams to build businesses that can unlock vital value for shareholders.