SPRQF (SPARQ Systems) Total Assets : $8.77 Mil (As of Sep. 2024)

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What is SPARQ Systems Total Assets?

SPARQ Systems's Total Assets for the quarter that ended in Sep. 2024 was $8.77 Mil.

During the past 12 months, SPARQ Systems's average Total Assets Growth Rate was 3.00% per year. During the past 3 years, the average Total Assets Growth Rate was 89.90% per year. During the past 5 years, the average Total Assets Growth Rate was 28.60% per year.

During the past 6 years, SPARQ Systems's highest 3-Year average Total Assets Growth Rate was 89.90%. The lowest was -12.10%. And the median was 41.70%.

Total Assets is connected with ROA %. SPARQ Systems's annualized ROA % for the quarter that ended in Sep. 2024 was -30.92%. Total Assets is also linked to Revenue through Asset Turnover. SPARQ Systems's Asset Turnover for the quarter that ended in Sep. 2024 was 0.03.

SPARQ Systems Total Assets Historical Data

The historical data trend for SPARQ Systems'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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SPARQ Systems Total Assets Chart

SPARQ Systems Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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0.80

1.52

8.04

5.45

3.27

SPARQ Systems Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Assets	Get a 7-Day Free Trial												3.50	3.27	3.33	9.81	8.77

SPARQ Systems 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.

SPARQ Systems'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 )
	=	1.503	+	1.771
	=	3.27

SPARQ Systems's Total Assets for the quarter that ended in Sep. 2024 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2024 )	+	Total Liabilities (Q: Sep. 2024 )
	=	8.409	+	0.357
	=	8.77

SPARQ Systems (OTCPK:SPRQF) Total Assets Explanation

Total Assets is connected with ROA %.

SPARQ Systems's annualized ROA % for the quarter that ended in Sep. 2024 is

ROA %	=	Net Income (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
	=	-2.872	/	( (9.812	+	8.766)	/ 2 )
	=	-2.872	/	9.289
	=	-30.92 %

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

SPARQ Systems's Asset Turnover for the quarter that ended in Sep. 2024 is

	Asset Turnover
=	Revenue (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
=	0.266	/	( (9.812	+	8.766)	/ 2 )
=	0.266	/	9.289
=	0.03

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.

SPARQ Systems Total Assets Related Terms

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SPARQ Systems Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » SPARQ Systems Inc (OTCPK:SPRQF) » Definitions » Total Assets

Traded in Other Exchanges

M26:Germany SPRQ:Canada

Address

945 Princess Street, Innovation Park, Box 212, Kingston, ON, CAN, K7L 0E9

Website

https://www.sparqsys.com

SPARQ Systems Inc designs and manufactures next-generation single-phase microinverters for residential and commercial solar electric applications. SPARQ has developed a proprietary photovoltaic (PV) solution called the Quad; the Quad inverter optimizes four PV modules with a single microinverter, simplifying design & installation and lowering the cost for solar power installations when compared to existing market offerings. Its microinverter system can be used in any power grid, conventional or smart, around the globe.