GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Quality Industrial Corp (OTCPK:QIND) » Definitions » Total Assets

Quality Industrial (Quality Industrial) Total Assets : $205.20 Mil (As of Jun. 2023)


View and export this data going back to . Start your Free Trial

What is Quality Industrial Total Assets?

Quality Industrial's Total Assets for the quarter that ended in Jun. 2023 was $205.20 Mil.

During the past 12 months, Quality Industrial's average Total Assets Growth Rate was 2260955.60% per year.

Total Assets is connected with ROA %. Quality Industrial's annualized ROA % for the quarter that ended in Jun. 2023 was 5.63%. Total Assets is also linked to Revenue through Asset Turnover. Quality Industrial's Asset Turnover for the quarter that ended in Jun. 2023 was 0.11.


Quality Industrial Total Assets Historical Data

The historical data trend for Quality Industrial'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.

* Premium members only.

Quality Industrial Total Assets Chart

Quality Industrial Annual Data
Trend Dec19 Dec20 Dec21 Dec22
Total Assets
0.13 0.21 0.23 200.69

Quality Industrial Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.02 38.45 200.69 200.02 205.20

Quality Industrial 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.

Quality Industrial's Total Assets for the fiscal year that ended in Dec. 2022 is calculated as

Total Assets=Total Equity (A: Dec. 2022 )+Total Liabilities (A: Dec. 2022 )
=26.877+173.815
=200.69

Quality Industrial's Total Assets for the quarter that ended in Jun. 2023 is calculated as

Total Assets=Total Equity (Q: Jun. 2023 )+Total Liabilities (Q: Jun. 2023 )
=33.204+171.999
=205.20

* 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.


Quality Industrial  (OTCPK:QIND) Total Assets Explanation

Total Assets is connected with ROA %.

Quality Industrial's annualized ROA % for the quarter that ended in Jun. 2023 is

ROA %=Net Income (Q: Jun. 2023 )/( (Total Assets (Q: Mar. 2023 )+Total Assets (Q: Jun. 2023 ))/ count )
=11.412/( (200.015+205.203)/ 2 )
=11.412/202.609
=5.63 %

Note: The Net Income data used here is four times the quarterly (Jun. 2023) 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.

Quality Industrial's Asset Turnover for the quarter that ended in Jun. 2023 is

Asset Turnover
=Revenue (Q: Jun. 2023 )/( (Total Assets (Q: Mar. 2023 )+Total Assets (Q: Jun. 2023 ))/ count )
=21.602/( (200.015+205.203)/ 2 )
=21.602/202.609
=0.11

* 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.

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.

Quality Industrial Total Assets Related Terms

Thank you for viewing the detailed overview of Quality Industrial's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.


Quality Industrial (Quality Industrial) Business Description

Traded in Other Exchanges
N/A
Address
315 Montgomery Street, San Francisco, CA, USA, 94104
Quality Industrial Corp is engaged in the manufacture and assembly of industrial equipment and precision engineered technology for the Industrial, Oil & Gas, and Utility sectors.
Executives
Terje Aarbogh 10 percent owner 315 MONTGOMERY STREET, SAN FRANCISCO CA 94104
John-paul Backwell officer: Chief Executive Officer 26 BROADWAY, SUITE 934, NEW YORK NY 10004
Louise Bennett officer: Chief Operations Officer 26 BROADWAY, SUITE 934, NEW YORK NY 10004
Nicolas Link director, 10 percent owner 26 BROADWAY, SUITE 934, NEW YORK NY 10004
Krishnan Krishnamoorthy officer: Chief Financial Officer 26 BROADWAY, SUITE 934, NEW YORK NY 10004
Paul Quintal director 315 MONTGOMERY STREET, SAN FRANCISCO CA 94104
Rasmus Refer 10 percent owner 315 MONTGOMERY STREET, SAN FRANCISCO CA 94104
Carsten Falk officer: CEO 315 MONTGOMERY STREET, SAN FRANCISCO CA 94104