Parkit Enterprise (Parkit Enterprise) Total Assets : $239.38 Mil (As of Mar. 2024)

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What is Parkit Enterprise Total Assets?

Parkit Enterprise's Total Assets for the quarter that ended in Mar. 2024 was $239.38 Mil.

During the past 12 months, Parkit Enterprise's average Total Assets Growth Rate was 1.10% per year. During the past 3 years, the average Total Assets Growth Rate was 175.10% per year. During the past 5 years, the average Total Assets Growth Rate was 93.20% per year. During the past 10 years, the average Total Assets Growth Rate was 31.80% per year.

During the past 13 years, Parkit Enterprise's highest 3-Year average Total Assets Growth Rate was 175.10%. The lowest was -13.60%. And the median was 8.80%.

Total Assets is connected with ROA %. Parkit Enterprise's annualized ROA % for the quarter that ended in Mar. 2024 was 0.20%. Total Assets is also linked to Revenue through Asset Turnover. Parkit Enterprise's Asset Turnover for the quarter that ended in Mar. 2024 was 0.02.

Parkit Enterprise Total Assets Historical Data

The historical data trend for Parkit Enterprise'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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Parkit Enterprise Total Assets Chart

Parkit Enterprise Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Dec21

Dec22

Dec23

Total Assets

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15.69

11.85

138.78

176.40

241.90

Parkit Enterprise Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															233.51	244.07	238.04	241.90	239.38

Parkit Enterprise 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.

Parkit Enterprise'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 )
	=	111.201	+	130.699
	=	241.90

Parkit Enterprise's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	110.333	+	129.043
	=	239.38

Parkit Enterprise (OTCPK:PKTEF) Total Assets Explanation

Total Assets is connected with ROA %.

Parkit Enterprise's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	0.488	/	( (241.9	+	239.376)	/ 2 )
	=	0.488	/	240.638
	=	0.20 %

Note: The Net Income data used here is four times the quarterly (Mar. 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.

Parkit Enterprise's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	5.041	/	( (241.9	+	239.376)	/ 2 )
=	5.041	/	240.638
=	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.

Parkit Enterprise Total Assets Related Terms

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Parkit Enterprise (Parkit Enterprise) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Parkit Enterprise Inc (OTCPK:PKTEF) » Definitions » Total Assets

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PKT:Canada

Address

100 Canadian Road, Scarborough, ON, CAN, M1R 4Z5

Website

https://www.parkitenterprise.com

Parkit Enterprise Inc is an industrial real estate platform. It is focused on the acquisition, growth, and management of strategically located industrial properties across key markets in Canada, with a focus on the Greater Toronto Area (GTA), Ottawa, and Montreal, to complement its parking assets across the United States. The Company operates in two reportable business segments: Investment Properties which involves the acquisition and management of income producing industrial properties across key markets in Canada. Parking Assets which involves the acquisition and management of income producing parking facilities across the United States.