QIFTF (Quorum Information Technologies) Total Assets : $29.87 Mil (As of Dec. 2024)

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What is Quorum Information Technologies Total Assets?

Quorum Information Technologies's Total Assets for the quarter that ended in Dec. 2024 was $29.87 Mil.

During the past 12 months, Quorum Information Technologies's average Total Assets Growth Rate was -4.10% per year. During the past 3 years, the average Total Assets Growth Rate was 1.60% per year. During the past 5 years, the average Total Assets Growth Rate was 2.80% per year. During the past 10 years, the average Total Assets Growth Rate was 16.40% per year.

During the past 13 years, Quorum Information Technologies's highest 3-Year average Total Assets Growth Rate was 42.20%. The lowest was -7.90%. And the median was 4.50%.

Total Assets is connected with ROA %. Quorum Information Technologies's annualized ROA % for the quarter that ended in Dec. 2024 was 2.23%. Total Assets is also linked to Revenue through Asset Turnover. Quorum Information Technologies's Asset Turnover for the quarter that ended in Dec. 2024 was 0.23.

Quorum Information Technologies Total Assets Historical Data

The historical data trend for Quorum Information 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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Quorum Information Technologies Total Assets Chart

Quorum Information Technologies Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Total Assets

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38.69

35.29

34.69

34.16

29.87

Quorum Information Technologies Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Total Assets	Get a 7-Day Free Trial															34.16	33.74	33.46	31.84	29.87

Quorum Information 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.

Quorum Information Technologies's Total Assets for the fiscal year that ended in Dec. 2024 is calculated as

Total Assets	=	Total Equity (A: Dec. 2024 )	+	Total Liabilities (A: Dec. 2024 )
	=	20.818	+	9.052
	=	29.87

Quorum Information Technologies's Total Assets for the quarter that ended in Dec. 2024 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2024 )	+	Total Liabilities (Q: Dec. 2024 )
	=	20.818	+	9.052
	=	29.87

Quorum Information Technologies (OTCPK:QIFTF) Total Assets Explanation

Total Assets is connected with ROA %.

Quorum Information Technologies's annualized ROA % for the quarter that ended in Dec. 2024 is

ROA %	=	Net Income (Q: Dec. 2024 )	/	( (Total Assets (Q: Sep. 2024 )	+	Total Assets (Q: Dec. 2024 ))	/ count )
	=	0.688	/	( (31.839	+	29.869)	/ 2 )
	=	0.688	/	30.854
	=	2.23 %

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

Quorum Information Technologies's Asset Turnover for the quarter that ended in Dec. 2024 is

	Asset Turnover
=	Revenue (Q: Dec. 2024 )	/	( (Total Assets (Q: Sep. 2024 )	+	Total Assets (Q: Dec. 2024 ))	/ count )
=	7.025	/	( (31.839	+	29.869)	/ 2 )
=	7.025	/	30.854
=	0.23

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.

Quorum Information Technologies Total Assets Related Terms

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Quorum Information Technologies Business Description

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QIS:Canada

Address

7500 Macleod Trail South East, Suite 200, Calgary, AB, CAN, T2H 0L9

Website

https://quoruminformationsystems.com

Quorum Information Technologies Inc is an information technology company engaged in the automotive retail business. It develops, markets, implements, and supports its software products, XSELLERATOR, a Dealership Management System for the automotive market; Autovance Desk, Menu and MyDeal, a sales desking, menuing, and digital retailing system; DealerMine Service and Sales Customer Relationship Management (CRM system and Business Development Centre (BDC); and Quorum Advantage showroom system. The Company operates in three segments, Software as a saas, business development centre, and service and one-time. Its geographical segments are Canada and the United States.