TripSitter Clinic (TripSitter Clinic) Total Assets : $0.03 Mil (As of Oct. 2023)

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What is TripSitter Clinic Total Assets?

TripSitter Clinic's Total Assets for the quarter that ended in Oct. 2023 was $0.03 Mil.

During the past 12 months, TripSitter Clinic's average Total Assets Growth Rate was -45.20% per year.

Total Assets is connected with ROA %. TripSitter Clinic's annualized ROA % for the quarter that ended in Oct. 2023 was -739.39%. Total Assets is also linked to Revenue through Asset Turnover. TripSitter Clinic's Asset Turnover for the quarter that ended in Oct. 2023 was 0.03.

TripSitter Clinic Total Assets Historical Data

The historical data trend for TripSitter Clinic'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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TripSitter Clinic Total Assets Chart

TripSitter Clinic Annual Data

Trend

Jan21

Jan22

Jan23

Total Assets

0.61

1.15

0.07

TripSitter Clinic Quarterly Data
	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Total Assets	Get a 7-Day Free Trial							0.12	0.07	0.04	0.03	0.03

TripSitter Clinic 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.

TripSitter Clinic's Total Assets for the fiscal year that ended in Jan. 2023 is calculated as

Total Assets	=	Total Equity (A: Jan. 2023 )	+	Total Liabilities (A: Jan. 2023 )
	=	-0.335	+	0.409
	=	0.07

TripSitter Clinic's Total Assets for the quarter that ended in Oct. 2023 is calculated as

Total Assets	=	Total Equity (Q: Oct. 2023 )	+	Total Liabilities (Q: Oct. 2023 )
	=	-0.415	+	0.449
	=	0.03

TripSitter Clinic (OTCPK:TSTTF) Total Assets Explanation

Total Assets is connected with ROA %.

TripSitter Clinic's annualized ROA % for the quarter that ended in Oct. 2023 is

ROA %	=	Net Income (Q: Oct. 2023 )	/	( (Total Assets (Q: Jul. 2023 )	+	Total Assets (Q: Oct. 2023 ))	/ count )
	=	-0.244	/	( (0.032	+	0.034)	/ 2 )
	=	-0.244	/	0.033
	=	-739.39 %

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

TripSitter Clinic's Asset Turnover for the quarter that ended in Oct. 2023 is

	Asset Turnover
=	Revenue (Q: Oct. 2023 )	/	( (Total Assets (Q: Jul. 2023 )	+	Total Assets (Q: Oct. 2023 ))	/ count )
=	0.001	/	( (0.032	+	0.034)	/ 2 )
=	0.001	/	0.033
=	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.

TripSitter Clinic Total Assets Related Terms

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TripSitter Clinic (TripSitter Clinic) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » TripSitter Clinic Ltd (OTCPK:TSTTF) » Definitions » Total Assets

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Traded in Other Exchanges

UY00:Germany KETA:Canada

Address

77 King Street West, Suite 700, Toronto, ON, CAN, M5K 1G8

Website

https://www.tripsitter.clinic

TripSitter Clinic Ltd is a consultative virtual clinic and telehealth platform that connects prospective patients to a licensed physician in the United States who can evaluate for a prescribed treatment program of low-dose, oral ketamine medication. Its revenues are generated from the provision of initial consultations and monthly subscriptions to patients seeking mental health treatment that includes legal psychedelic medicine connected with licensed medical practitioners.