SNIPF (Snipp Interactive) Total Assets : $15.75 Mil (As of Jun. 2024)

View and export this data going back to 2014. Start your Free Trial

What is Snipp Interactive Total Assets?

Snipp Interactive's Total Assets for the quarter that ended in Jun. 2024 was $15.75 Mil.

During the past 12 months, Snipp Interactive's average Total Assets Growth Rate was 1.10% per year. During the past 3 years, the average Total Assets Growth Rate was 38.00% per year. During the past 5 years, the average Total Assets Growth Rate was 4.60% per year. During the past 10 years, the average Total Assets Growth Rate was 19.50% per year.

During the past 13 years, Snipp Interactive's highest 3-Year average Total Assets Growth Rate was 400.30%. The lowest was -31.10%. And the median was 29.00%.

Total Assets is connected with ROA %. Snipp Interactive's annualized ROA % for the quarter that ended in Jun. 2024 was -12.81%. Total Assets is also linked to Revenue through Asset Turnover. Snipp Interactive's Asset Turnover for the quarter that ended in Jun. 2024 was 0.31.

Snipp Interactive Total Assets Historical Data

The historical data trend for Snipp Interactive'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.

Snipp Interactive Total Assets Chart

Snipp Interactive Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

Get a 7-Day Free Trial

6.78

6.10

7.11

15.50

13.43

Snipp Interactive Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Total Assets	Get a 7-Day Free Trial															15.39	15.31	13.43	15.05	15.75

Snipp Interactive 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.

Snipp Interactive'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 )
	=	6.431	+	6.996
	=	13.43

Snipp Interactive's Total Assets for the quarter that ended in Jun. 2024 is calculated as

Total Assets	=	Total Equity (Q: Jun. 2024 )	+	Total Liabilities (Q: Jun. 2024 )
	=	5.582	+	10.163
	=	15.75

Snipp Interactive (OTCPK:SNIPF) Total Assets Explanation

Total Assets is connected with ROA %.

Snipp Interactive's annualized ROA % for the quarter that ended in Jun. 2024 is

ROA %	=	Net Income (Q: Jun. 2024 )	/	( (Total Assets (Q: Mar. 2024 )	+	Total Assets (Q: Jun. 2024 ))	/ count )
	=	-1.972	/	( (15.054	+	15.745)	/ 2 )
	=	-1.972	/	15.3995
	=	-12.81 %

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

Snipp Interactive's Asset Turnover for the quarter that ended in Jun. 2024 is

	Asset Turnover
=	Revenue (Q: Jun. 2024 )	/	( (Total Assets (Q: Mar. 2024 )	+	Total Assets (Q: Jun. 2024 ))	/ count )
=	4.753	/	( (15.054	+	15.745)	/ 2 )
=	4.753	/	15.3995
=	0.31

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.

Snipp Interactive Total Assets Related Terms

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

Snipp Interactive Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Snipp Interactive Inc (OTCPK:SNIPF) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

SPN:Canada

Address

666 Burrard Street, Suite 1700, Vancouver, BC, CAN, V6C 2X8

Website

https://www.snipp.com

Snipp Interactive Inc a loyalty and promotions technology company develops and sells mobile-based promotions software applications and associated campaign services. The company provides its products in a range of solution sets, which include Purchase Promotions and Receipt Processing; Loyalty Programs; Mobile Promotions and Contests; Reward Solutions; Rebate Solutions, and Data Analytics. It offers software applications, which allow advertising agencies, brands, and media to engage and interact with customers. Geographically it operates through in several cities in the United States, and international operations in Canada, India, and Ireland. It derived the majority of its revenues from the United States.