RMSL (REMSleep Holdings) Total Assets : $0.81 Mil (As of Sep. 2024)

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What is REMSleep Holdings Total Assets?

REMSleep Holdings's Total Assets for the quarter that ended in Sep. 2024 was $0.81 Mil.

During the past 12 months, REMSleep Holdings's average Total Assets Growth Rate was -79.80% per year. During the past 3 years, the average Total Assets Growth Rate was 60.90% per year. During the past 5 years, the average Total Assets Growth Rate was 76.00% per year.

During the past 13 years, REMSleep Holdings's highest 3-Year average Total Assets Growth Rate was 172.40%. The lowest was -13.70%. And the median was 60.90%.

Total Assets is connected with ROA %. REMSleep Holdings's annualized ROA % for the quarter that ended in Sep. 2024 was -118.55%. Total Assets is also linked to Revenue through Asset Turnover. REMSleep Holdings's Asset Turnover for the quarter that ended in Sep. 2024 was 0.04.

REMSleep Holdings Total Assets Historical Data

The historical data trend for REMSleep Holdings'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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REMSleep Holdings Total Assets Chart

REMSleep Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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0.25

0.23

3.50

3.36

1.21

REMSleep Holdings 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															2.27	1.21	1.16	1.07	0.81

REMSleep Holdings 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.

REMSleep Holdings'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 )
	=	0.931	+	0.276
	=	1.21

REMSleep Holdings'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 )
	=	0.634	+	0.176
	=	0.81

REMSleep Holdings (OTCPK:RMSL) Total Assets Explanation

Total Assets is connected with ROA %.

REMSleep Holdings'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 )
	=	-1.112	/	( (1.066	+	0.81)	/ 2 )
	=	-1.112	/	0.938
	=	-118.55 %

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.

REMSleep Holdings'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 )
=	0.037	/	( (1.066	+	0.81)	/ 2 )
=	0.037	/	0.938
=	0.04

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.

REMSleep Holdings Total Assets Related Terms

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REMSleep Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » REMSleep Holdings Inc (OTCPK:RMSL) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

14175 ICOT Boulevard, Suite 300, Clearwater, FL, USA, 33760

Website

https://www.remsleep.com

REMSleep Holdings Inc is focused on designing and manufacturing devices and products for the treatment of sleep apnea and other respiratory conditions. The group offers the product DeltaWave which is specifically designed with airflow characteristics to enable patients with sleep apnea to breathe normally. Geographically, the business activity of the group functions through the region of the United States.

Executives

Russell Finlay Bird	10 percent owner, officer: President	722 50TH STREET, DES MOINES IA 50312
Tom J Wood	director, officer: CEO	1170 CHERRYWOOD RD, WAYCROSS GA 31503
Thomas Brookes	director, officer: VP & MD OF EKOM EYA MINE DIV.	1149 TOPSAIL ROAD, MOUNT PEARL A4 AIN 5G2
Matthew Sullivan	director, officer: ASST. VP OF EKOM EYA MINE DIV.	1149 TOPSAIL ROAD, MOUNT PEARL A4 AIN5G2
David M Barnes	officer: Chief Financial Officer	6800 JERICHO TURNPIKE, SUITE 208E, SYOSSET NY 11791
Walter Leslie Thistle	director, other: Chairman of the Board	17 COLLINGWOOD CRESCENT, MOUNT PEARL A4 A1N5C6
Kat Exploration Inc.	10 percent owner	1149 TOPSAIL ROAD, MOUNT PEARL A4 A1N5G2
Ken Stead	director, 10 percent owner, officer: CEO and President	15 BLADE CRESCENT, MOUNT PEARL A4 A1N 5L1
Ronald Davis	officer: PRESIDENT	4412 8TH STREET SW, VERO BEACH FL 32968