GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » SportsQuest Inc (OTCPK:SPQS) » Definitions » Total Assets

SPQS (SportsQuest) Total Assets : $15.54 Mil (As of Oct. 2007)


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

What is SportsQuest Total Assets?

SportsQuest's Total Assets for the quarter that ended in Oct. 2007 was $15.54 Mil.

Total Assets is connected with ROA %. SportsQuest's annualized ROA % for the quarter that ended in Oct. 2007 was -4.28%. Total Assets is also linked to Revenue through Asset Turnover. SportsQuest's Asset Turnover for the quarter that ended in Oct. 2007 was 0.00.


SportsQuest Total Assets Historical Data

The historical data trend for SportsQuest'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.

SportsQuest Total Assets Chart

SportsQuest Annual Data
Trend Oct98 Oct99 Oct00 Oct01 Oct02 Oct03 Oct04 Oct05 Oct06 Oct07
Total Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.01 0.01 0.01 - 15.54

SportsQuest Semi-Annual Data
Oct96 Oct97 Oct98 Oct99 Oct00 Oct01 Oct02 Oct03 Oct04 Oct05 Oct06 Oct07
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.01 0.01 0.01 - 15.54

SportsQuest 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.

SportsQuest's Total Assets for the fiscal year that ended in Oct. 2007 is calculated as

Total Assets=Total Equity (A: Oct. 2007 )+Total Liabilities (A: Oct. 2007 )
=7.339+8.201
=15.54

SportsQuest's Total Assets for the quarter that ended in Oct. 2007 is calculated as

Total Assets=Total Equity (Q: Oct. 2007 )+Total Liabilities (Q: Oct. 2007 )
=7.339+8.201
=15.54

* 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.


SportsQuest  (OTCPK:SPQS) Total Assets Explanation

Total Assets is connected with ROA %.

SportsQuest's annualized ROA % for the quarter that ended in Oct. 2007 is

ROA %=Net Income (Q: Oct. 2007 )/( (Total Assets (Q: Oct. 2006 )+Total Assets (Q: Oct. 2007 ))/ count )
=-0.665/( (0+15.541)/ 1 )
=-0.665/15.541
=-4.28 %

Note: The Net Income data used here is one times the annual (Oct. 2007) 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.

SportsQuest's Asset Turnover for the quarter that ended in Oct. 2007 is

Asset Turnover
=Revenue (Q: Oct. 2007 )/( (Total Assets (Q: Oct. 2006 )+Total Assets (Q: Oct. 2007 ))/ count )
=0.028/( (0+15.541)/ 1 )
=0.028/15.541
=0.00

* 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.

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.

SportsQuest Total Assets Related Terms

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


SportsQuest Business Description

Traded in Other Exchanges
N/A
Address
500 S Australian Avenue, Suite No. 600, West Palm Beach, Florida, FL, USA, 33401
SportsQuest Inc is currently is in development stage company of a sports franchise. The company is engaged in sports and hospitality related services.
Executives
Roy Thomas Kidd director, officer: President, CEO 432 VALLEY STREAM DRIVE, GENEVA FL 32732
Air Brook Airport Express Inc other: Related party 500 AUSTRALIAN AVENUE, SUITE 600, WEST PALM BEACH FL 33401