I-Remit (PHS:I) Total Assets : ₱2,002.94 Mil (As of Sep. 2024)

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What is I-Remit Total Assets?

I-Remit's Total Assets for the quarter that ended in Sep. 2024 was ₱2,002.94 Mil.

During the past 12 months, I-Remit's average Total Assets Growth Rate was -2.70% per year. During the past 3 years, the average Total Assets Growth Rate was 29.10% per year. During the past 5 years, the average Total Assets Growth Rate was 3.40% per year. During the past 10 years, the average Total Assets Growth Rate was 3.20% per year.

During the past 13 years, I-Remit's highest 3-Year average Total Assets Growth Rate was 29.10%. The lowest was -21.90%. And the median was -1.40%.

Total Assets is connected with ROA %. I-Remit's annualized ROA % for the quarter that ended in Sep. 2024 was -12.10%. Total Assets is also linked to Revenue through Asset Turnover. I-Remit's Asset Turnover for the quarter that ended in Sep. 2024 was 0.00.

I-Remit Total Assets Historical Data

The historical data trend for I-Remit'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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I-Remit Total Assets Chart

I-Remit Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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3,911.44

2,877.90

2,614.90

2,374.40

2,457.58

I-Remit Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Assets	Get a 7-Day Free Trial															2,146.21	2,457.58	2,020.93	2,058.22	2,002.94

I-Remit 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.

I-Remit'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 )
	=	444.865	+	2012.715
	=	2,457.58

I-Remit'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 )
	=	206.412	+	1796.527
	=	2,002.94

I-Remit (PHS:I) Total Assets Explanation

Total Assets is connected with ROA %.

I-Remit'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 )
	=	-245.684	/	( (2058.218	+	2002.939)	/ 2 )
	=	-245.684	/	2030.5785
	=	-12.10 %

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.

I-Remit'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 )
=	9.094	/	( (2058.218	+	2002.939)	/ 2 )
=	9.094	/	2030.5785
=	0.00

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.

I-Remit Total Assets Related Terms

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I-Remit Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » I-Remit Inc (PHS:I) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 25 ADB Avenue, 26th Floor, Discovery Centre, Ortigas Center, Metro Manila, Pasig, QUE, PHL, 1605

Website

https://www.iremitx.com

I-Remit Inc is a Philippine-based firm. The company with its subsidiaries provides fund transfer and remittance services to overseas Filipino workers and other migrant workers. It offers the bank-to-bank facility for online crediting to a bank account, delivers cash remittances to designated beneficiaries, and provides a visa card, a debit, and an automated teller machine card for sending money to their beneficiaries. The company operates in four geographical segments namely, the Philippines which contributes a majority of revenue, Asia Pacific, North America, and Europe segment.

I-Remit Headlines

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