Solidus Communications (Solidus Communications) Total Assets : $0.10 Mil (As of Nov. 2016)

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What is Solidus Communications Total Assets?

Solidus Communications's Total Assets for the quarter that ended in Nov. 2016 was $0.10 Mil.

Total Assets is connected with ROA %. Solidus Communications's annualized ROA % for the quarter that ended in Nov. 2016 was 1,049.35%. Total Assets is also linked to Revenue through Asset Turnover. Solidus Communications's Asset Turnover for the quarter that ended in Nov. 2016 was 1.97.

Solidus Communications Total Assets Historical Data

The historical data trend for Solidus Communications'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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Solidus Communications Total Assets Chart

Solidus Communications Annual Data

Trend

Nov07

Nov08

Nov09

Nov10

Nov11

Nov12

Nov13

Nov14

Nov15

Nov16

Total Assets

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0.06

0.10

Solidus Communications Semi-Annual Data
	Nov07	Nov08	Nov09	Nov10	Nov11	Nov12	Nov13	Nov14	Nov15	Nov16
Total Assets	Get a 7-Day Free Trial					-	-	-	0.06	0.10

Solidus Communications 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.

Solidus Communications's Total Assets for the fiscal year that ended in Nov. 2016 is calculated as

Total Assets	=	Total Equity (A: Nov. 2016 )	+	Total Liabilities (A: Nov. 2016 )
	=	-5.065	+	5.162
	=	0.10

Solidus Communications's Total Assets for the quarter that ended in Nov. 2016 is calculated as

Total Assets	=	Total Equity (Q: Nov. 2016 )	+	Total Liabilities (Q: Nov. 2016 )
	=	-5.065	+	5.162
	=	0.10

Solidus Communications (OTCPK:SLDC) Total Assets Explanation

Total Assets is connected with ROA %.

Solidus Communications's annualized ROA % for the quarter that ended in Nov. 2016 is

ROA %	=	Net Income (Q: Nov. 2016 )	/	( (Total Assets (Q: Nov. 2015 )	+	Total Assets (Q: Nov. 2016 ))	/ count )
	=	0.808	/	( (0.057	+	0.097)	/ 2 )
	=	0.808	/	0.077
	=	1,049.35 %

Note: The Net Income data used here is one times the annual (Nov. 2016) 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.

Solidus Communications's Asset Turnover for the quarter that ended in Nov. 2016 is

	Asset Turnover
=	Revenue (Q: Nov. 2016 )	/	( (Total Assets (Q: Nov. 2015 )	+	Total Assets (Q: Nov. 2016 ))	/ count )
=	0.152	/	( (0.057	+	0.097)	/ 2 )
=	0.152	/	0.077
=	1.97

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.

Solidus Communications Total Assets Related Terms

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Solidus Communications (Solidus Communications) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Solidus Communications Inc (OTCPK:SLDC) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

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Address

454 South Yonge Street, Suite 3A, Ormond Beach, FL, USA, 32174

Website

https://www.soliduscommunications.com

Solidus Communications Inc offers telecommunication services and equipment, including mobile phones, mobile voice service, and VoIP service. It offers prepaid service/plans that include predefined minute/unlimited minute plans. It offers services under the brand names Amgentech and Telco Cuba. Under the brand name Telco Cuba, the company is targeting the Cuban American demographic in the United States. Under the brand name Amgentech, offers the best of breed technology solutions which include, but are not limited to Software and Network architecture services, software development, website development, hosting and colocation services, managed network and server services, voice over IP servers and bulk mailing services.

Executives

Jmz Alliance Group, Inc.	10 percent owner	1108 KANE CONCOURSE, #206, HARBOR ISLANDS FL 33154
Pucillo Frederick J. Jr.	director, officer: CEO, President	111 AIRPORT RD., UNIT 5, WARWICK RI 02889
Malkeet Singh Bains	director, 10 percent owner, officer: President, Secretary-Treasurer	7445 132ND STREET, SUITE 2008, SURREY A1 V3W 5S8

Solidus Communications (Solidus Communications) Headlines

From GuruFocus

Solidus Communications, Inc. is Pleased to Report on Direction, Growth, and Acquisitions

By sperokesalga sperokesalga • 04-18-2023

Solidus Communications Announces Appointment of Thomas A. Langford as Director

By ACCESSWIRE • 01-11-2024