Route1 (Route1) Total Assets : $6.66 Mil (As of Mar. 2024)

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What is Route1 Total Assets?

Route1's Total Assets for the quarter that ended in Mar. 2024 was $6.66 Mil.

During the past 12 months, Route1's average Total Assets Growth Rate was -17.80% per year. During the past 3 years, the average Total Assets Growth Rate was -10.00% per year. During the past 5 years, the average Total Assets Growth Rate was 8.10% per year. During the past 10 years, the average Total Assets Growth Rate was 30.20% per year.

During the past 13 years, Route1's highest 3-Year average Total Assets Growth Rate was 82.80%. The lowest was -39.50%. And the median was 15.20%.

Total Assets is connected with ROA %. Route1's annualized ROA % for the quarter that ended in Mar. 2024 was -6.39%. Total Assets is also linked to Revenue through Asset Turnover. Route1's Asset Turnover for the quarter that ended in Mar. 2024 was 0.43.

Route1 Total Assets Historical Data

The historical data trend for Route1'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.

Route1 Total Assets Chart

Route1 Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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9.59

11.07

11.80

9.10

7.11

Route1 Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															8.05	7.96	7.89	7.11	6.66

Route1 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.

Route1'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 )
	=	0.435	+	6.676
	=	7.11

Route1'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 )
	=	0.301	+	6.361
	=	6.66

Route1 (OTCPK:ROIUF) Total Assets Explanation

Total Assets is connected with ROA %.

Route1'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 )
	=	-0.44	/	( (7.112	+	6.661)	/ 2 )
	=	-0.44	/	6.8865
	=	-6.39 %

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.

Route1'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 )
=	2.979	/	( (7.112	+	6.661)	/ 2 )
=	2.979	/	6.8865
=	0.43

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.

Route1 Total Assets Related Terms

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Route1 (Route1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Route1 Inc (OTCPK:ROIUF) » Definitions » Total Assets

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3R6N:Germany ROI:Canada

Address

8 King Street East, Suite 600, Toronto, ON, CAN, M5C 1B5

Website

https://www.route1.com

Route1 Inc is a company which delivers security and identity management solutions to enterprises including businesses, government, and military which requires universal, secure access to all digital resources and sensitive data. The company's solutions enable the workforce to be more productive and more flexible without compromising system access, data-at-rest, or data-in-use. Its suite of patented enterprise security solutions combines authentication, data security and secure communications with streamlined administration tools, running on a proven, trusted infrastructure. The company operates its business in US and Canada. Most of the company's revenue comes from the US.