PFTI (Puradyn Filter Technologies) Total Assets : $2.24 Mil (As of Dec. 2019)

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What is Puradyn Filter Technologies Total Assets?

Puradyn Filter Technologies's Total Assets for the quarter that ended in Dec. 2019 was $2.24 Mil.

Total Assets is connected with ROA %. Puradyn Filter Technologies's annualized ROA % for the quarter that ended in Dec. 2019 was -89.36%. Total Assets is also linked to Revenue through Asset Turnover. Puradyn Filter Technologies's Asset Turnover for the quarter that ended in Dec. 2019 was 0.11.

Puradyn Filter Technologies Total Assets Historical Data

The historical data trend for Puradyn Filter 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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Puradyn Filter Technologies Total Assets Chart

Puradyn Filter Technologies Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Total Assets

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1.43

1.52

1.37

1.87

2.24

Puradyn Filter Technologies Quarterly Data
	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19
Total Assets	Get a 7-Day Free Trial															1.87	2.81	2.80	2.47	2.24

Puradyn Filter 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.

Puradyn Filter Technologies's Total Assets for the fiscal year that ended in Dec. 2019 is calculated as

Total Assets	=	Total Equity (A: Dec. 2019 )	+	Total Liabilities (A: Dec. 2019 )
	=	-10.663	+	12.902
	=	2.24

Puradyn Filter Technologies's Total Assets for the quarter that ended in Dec. 2019 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2019 )	+	Total Liabilities (Q: Dec. 2019 )
	=	-10.663	+	12.902
	=	2.24

Puradyn Filter Technologies (OTCPK:PFTI) Total Assets Explanation

Total Assets is connected with ROA %.

Puradyn Filter Technologies's annualized ROA % for the quarter that ended in Dec. 2019 is

ROA %	=	Net Income (Q: Dec. 2019 )	/	( (Total Assets (Q: Sep. 2019 )	+	Total Assets (Q: Dec. 2019 ))	/ count )
	=	-2.104	/	( (2.47	+	2.239)	/ 2 )
	=	-2.104	/	2.3545
	=	-89.36 %

Note: The Net Income data used here is four times the quarterly (Dec. 2019) 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.

Puradyn Filter Technologies's Asset Turnover for the quarter that ended in Dec. 2019 is

	Asset Turnover
=	Revenue (Q: Dec. 2019 )	/	( (Total Assets (Q: Sep. 2019 )	+	Total Assets (Q: Dec. 2019 ))	/ count )
=	0.248	/	( (2.47	+	2.239)	/ 2 )
=	0.248	/	2.3545
=	0.11

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.

Puradyn Filter Technologies Total Assets Related Terms

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Puradyn Filter Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Puradyn Filter Technologies Inc (OTCPK:PFTI) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

2017 High Ridge Road, Boynton Beach, FL, USA, 33426

Website

https://www.puradyn.com

Puradyn Filter Technologies Inc involves in designing manufactures and distributes Puradyn oil filtration system. Its product is used for all combustion engines and hydraulic equipment that use lubricating oil. The filtration system primarily cleans oil by providing a second circuit of oil filtration and provides treatment to continually remove solid, liquid and gaseous contaminants from the oil through filtration and evaporation process. The filtration system is offered in two models namely MTS and a custom engineered hydraulic system. The company markets its product and generates revenue from across the globe.

Executives

Kevin G Kroger	director, officer: President, Chief Operating Off	4305 CHERRY HILL E. ORCHARD LAKE MI 48323
Edward Vittoria	director, 10 percent owner, officer: Chief Executive Officer	C/O 2017 HIGH RIDGE ROAD BOYNTON BEACH FL 33426
John S Caldwell	director	7902 SOUTH RUN VIEW, SPRINGFIELD VA 22153
Joseph V Vittoria	director, 10 percent owner, officer: Executive Chairman of Board	P O BOX 66100 WHQLD CHICAGO IL 60666
Alan J Sandler	officer: Vice President and CAO	21621 MAGDALENA TERRACE BOCA RATON FL 33433
Dominick A Telesco	director	150 VIA BELLARIA PALM BEACH FL 33480
Forrest Duane Hayes	other: Former director	56 WEXFORD ON THE GREEN HILTON HEAD ISLAND SC 29928
Charles W Walton	director	25800 SCIENCE PARK DRIVE, SUITE 140 BEACHWOOD OH 44122
Cindy Lea Gimler	officer: Chief Financial Officer	10779 CAMBAY CIRCLE BOYNTON BEACH FL 33437
Kathryn Ann Morris	other: Director of Corp Communic.	52 BAYTREE CIRCLE BOYNTON BEACH FL 33436
Doris W Clifton	officer: VP Sales and Marketing	7298 WILLIAMSON RD DALLAS TX 75214
Richard C Ford	director, 10 percent owner
Glenhill Advisors Llc	10 percent owner	600 FIFTH AVE, 11TH FL, NEW YORK NY 10020
Glenn J Krevlin	10 percent owner	600 FIFTH AVE, 11TH FL, NEW YORK NY 10020
Peter H Stephaich	director	525 WILLIAM PENN PL STE 3901 PITTSBURGH PA 15219

Puradyn Filter Technologies Headlines

From GuruFocus

Puradyn Releases 2019 1st Quarter Unaudited Financial Results

By Marketwired Marketwired • 05-15-2019

Puradyn Filter Technologies Announces 2018 Year End Audited Financial Results

By Marketwired Marketwired • 03-26-2019

Puradyn Releases 2018 3rd Quarter Unaudited Financial Results

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Puradyn Releases 2019 2nd Quarter Unaudited Financial Results

By Marketwired Marketwired • 08-14-2019

Puradyn Appoints Edward Vittoria as New CEO

By Marketwired Marketwired • 05-21-2018

Puradyn To Build On Strong First Half Results By Expanding Relationship With MNI To Increase Adoption In Commercial Marine Category

By Marketwired Marketwired • 08-29-2018