SPAI (Safe Pro Group) Total Assets : $3.43 Mil (As of Dec. 2023)

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What is Safe Pro Group Total Assets?

Safe Pro Group's Total Assets for the quarter that ended in Dec. 2023 was $3.43 Mil.

During the past 12 months, Safe Pro Group's average Total Assets Growth Rate was 9.70% per year.

Total Assets is connected with ROA %. Safe Pro Group's annualized ROA % for the quarter that ended in Dec. 2023 was -164.69%. Total Assets is also linked to Revenue through Asset Turnover. Safe Pro Group's Asset Turnover for the quarter that ended in Dec. 2023 was 0.24.

Safe Pro Group Total Assets Historical Data

The historical data trend for Safe Pro Group'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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Safe Pro Group Total Assets Chart

Safe Pro Group Annual Data

Trend

Dec22

Dec23

Total Assets

4.24

3.43

Safe Pro Group Semi-Annual Data
	Dec22	Dec23
Total Assets	4.24	3.43

Safe Pro Group 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.

Safe Pro Group'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 )
	=	1.776	+	1.654
	=	3.43

Safe Pro Group's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	1.776	+	1.654
	=	3.43

Safe Pro Group (NAS:SPAI) Total Assets Explanation

Total Assets is connected with ROA %.

Safe Pro Group's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Dec. 2022 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	-6.315	/	( (4.239	+	3.43)	/ 2 )
	=	-6.315	/	3.8345
	=	-164.69 %

Note: The Net Income data used here is one times the annual (Dec. 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.

Safe Pro Group's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Dec. 2022 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	0.918	/	( (4.239	+	3.43)	/ 2 )
=	0.918	/	3.8345
=	0.24

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.

Safe Pro Group Total Assets Related Terms

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Safe Pro Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Safe Pro Group Inc (NAS:SPAI) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

18305 Biscayne boulevard, Suite 222, Aventura, FL, USA, 33160

Website

https://www.safeprogroup.com

Safe Pro Group Inc operates to acquire security and protection products. Its emphasis is on the development of a cloud-based ecosystem for analyzing drone imagery and data utilizing proprietary artificial intelligence (AI), machine learning, deep learning, and applied computer vision software for hyper scalable processing, analysis, and reporting. The company operated in three reportable business segments which consisted of: the business of Safe-Pro USA, the business of Airborne Response, and the business of Safe Pro AI. Key revenue is generated from Safe-Pro USA.