ONEI (OneMeta) Total Assets : $0.05 Mil (As of Sep. 2024)

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What is OneMeta Total Assets?

OneMeta's Total Assets for the quarter that ended in Sep. 2024 was $0.05 Mil.

During the past 3 years, the average Total Assets Growth Rate was 26.00% per year. During the past 5 years, the average Total Assets Growth Rate was -8.80% per year.

During the past 10 years, OneMeta's highest 3-Year average Total Assets Growth Rate was 435.50%. The lowest was -86.40%. And the median was 26.00%.

Total Assets is connected with ROA %. OneMeta's annualized ROA % for the quarter that ended in Sep. 2024 was -1,937.82%. Total Assets is also linked to Revenue through Asset Turnover. OneMeta's Asset Turnover for the quarter that ended in Sep. 2024 was 0.02.

OneMeta Total Assets Historical Data

The historical data trend for OneMeta'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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OneMeta Total Assets Chart

OneMeta Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec22

Dec23

Total Assets

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0.06

0.03

1.48

1.14

OneMeta Quarterly Data
	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Assets	Get a 7-Day Free Trial															-	1.14	0.22	0.34	0.05

OneMeta 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.

OneMeta'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 )
	=	0.118	+	1.026
	=	1.14

OneMeta'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 )
	=	-1.818	+	1.865
	=	0.05

OneMeta (OTCPK:ONEI) Total Assets Explanation

Total Assets is connected with ROA %.

OneMeta'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 )
	=	-3.74	/	( (0.339	+	0.047)	/ 2 )
	=	-3.74	/	0.193
	=	-1,937.82 %

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.

OneMeta'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 )
=	0.003	/	( (0.339	+	0.047)	/ 2 )
=	0.003	/	0.193
=	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.

OneMeta Total Assets Related Terms

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OneMeta Business Description

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Address

450 South 400 East, Suite 200, Bountiful, UT, USA, 84010

Website

https://www.onemeta.ai

OneMeta Inc operates to develop artificial intelligence products that enable companies and individuals to reach their highest potential by eliminating language barriers in daily communications by providing high-quality, accurate, and efficient interpretation and translation services using natural language processing (NLP) technology. The company's focus is on developing a proprietary architecture that is faster and more accurate than any other company, with a commitment to providing superior quality services to its customers. It intends to serve a wide variety of markets and customers and will be focused on becoming a leader in the creation of pragmatic products for the interpretation and translation industry.