OHCS (Optimus Healthcare Svcs) Total Assets : $0.63 Mil (As of Sep. 2024)

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What is Optimus Healthcare Svcs Total Assets?

Optimus Healthcare Svcs's Total Assets for the quarter that ended in Sep. 2024 was $0.63 Mil.

During the past 12 months, Optimus Healthcare Svcs's average Total Assets Growth Rate was -77.80% per year. During the past 3 years, the average Total Assets Growth Rate was -41.70% per year. During the past 5 years, the average Total Assets Growth Rate was -40.60% per year.

During the past 9 years, Optimus Healthcare Svcs's highest 3-Year average Total Assets Growth Rate was 34.00%. The lowest was -53.30%. And the median was -17.80%.

Total Assets is connected with ROA %. Optimus Healthcare Svcs's annualized ROA % for the quarter that ended in Sep. 2024 was -967.72%. Total Assets is also linked to Revenue through Asset Turnover. Optimus Healthcare Svcs's Asset Turnover for the quarter that ended in Sep. 2024 was 0.52.

Optimus Healthcare Svcs Total Assets Historical Data

The historical data trend for Optimus Healthcare Svcs'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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Optimus Healthcare Svcs Total Assets Chart

Optimus Healthcare Svcs Annual Data

Trend

Dec98

Dec99

Dec00

Dec01

Dec02

Dec08

Dec21

Dec22

Dec23

Total Assets

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20.37

4.91

7.85

2.94

1.07

Optimus Healthcare Svcs Quarterly Data
	Sep03	Mar07	Jun07	Sep07	Mar08	Jun08	Sep08	Dec08	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Assets	Get a 7-Day Free Trial															2.35	1.07	0.82	0.86	0.63

Optimus Healthcare Svcs 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.

Optimus Healthcare Svcs'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 )
	=	-7.141	+	8.211
	=	1.07

Optimus Healthcare Svcs'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 )
	=	-9.344	+	9.973
	=	0.63

Optimus Healthcare Svcs (OTCPK:OHCS) Total Assets Explanation

Total Assets is connected with ROA %.

Optimus Healthcare Svcs'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 )
	=	-7.224	/	( (0.863	+	0.63)	/ 2 )
	=	-7.224	/	0.7465
	=	-967.72 %

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.

Optimus Healthcare Svcs'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 )
=	0.385	/	( (0.863	+	0.63)	/ 2 )
=	0.385	/	0.7465
=	0.52

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.

Optimus Healthcare Svcs Total Assets Related Terms

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Optimus Healthcare Svcs Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Optimus Healthcare Svcs Inc (OTCPK:OHCS) » Definitions » Total Assets

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Traded in Other Exchanges

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Address

1400 Old Country Road, Suite 306, Westbury, NY, USA, 11590

Website

https://www.optimushealthcare.com

Optimus Healthcare Svcs Inc focuses on acquiring controlling interests in healthcare-related businesses. The company is dedicated to advancing access to clinical trial research and simplifying access to vaccines and pharmaceutical products. It currently operates through its portfolio companies, Clinical Research Alliance, Inc. (CRA), and Worker's Health Rx (d/b/a "Vitality Rx"). The vision is to grow by acquiring controlling interests in healthcare-related businesses with products and services that improve healthcare access and outcomes. Optimus aims to empower physicians and patients with information and tools for informed healthcare decisions.