Adcore (TSX:ADCO) Total Assets : C$17.39 Mil (As of Mar. 2024)

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What is Adcore Total Assets?

Adcore's Total Assets for the quarter that ended in Mar. 2024 was C$17.39 Mil.

Warning Sign:

If a company builds assets at 153.4% a year, faster than its revenue growth rate of 84.2% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Adcore's average Total Assets Growth Rate was -2.40% per year. During the past 3 years, the average Total Assets Growth Rate was 29.90% per year. During the past 5 years, the average Total Assets Growth Rate was 153.40% per year.

During the past 7 years, Adcore's highest 3-Year average Total Assets Growth Rate was 557.80%. The lowest was 26.90%. And the median was 29.90%.

Total Assets is connected with ROA %. Adcore's annualized ROA % for the quarter that ended in Mar. 2024 was -8.69%. Total Assets is also linked to Revenue through Asset Turnover. Adcore's Asset Turnover for the quarter that ended in Mar. 2024 was 0.37.

Adcore Total Assets Historical Data

The historical data trend for Adcore'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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Adcore Total Assets Chart

Adcore Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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10.21

16.31

22.12

19.76

19.36

Adcore Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															17.02	16.12	17.75	19.36	17.39

Adcore 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.

Adcore'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 )
	=	11.904	+	7.453
	=	19.36

Adcore's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	11.618	+	5.776
	=	17.39

Adcore (TSX:ADCO) Total Assets Explanation

Total Assets is connected with ROA %.

Adcore's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	-1.596	/	( (19.357	+	17.394)	/ 2 )
	=	-1.596	/	18.3755
	=	-8.69 %

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

Adcore's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	6.864	/	( (19.357	+	17.394)	/ 2 )
=	6.864	/	18.3755
=	0.37

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.

Adcore Total Assets Related Terms

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Adcore (TSX:ADCO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Adcore Inc (TSX:ADCO) » Definitions » Total Assets

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Traded in Other Exchanges

ADCOF:USA ADQ:Germany

Address

105 Allenby Street, Yafo, Tel Aviv, ISR, 6513444

Website

https://www.adcore.com

Adcore Inc is a provider of machine-learning powered advertising technologies used by digital advertisers to enhance and maximize their Search Engine Marketing (SEM). It offers various products and services such as SEMDoc, Feeditor, and ADCORE Views. The company serves retail; travel; financial; food; education and other industries. It provides a solution to small and large agencies and direct advertisers. The Company and its subsidiaries are engaged in the following segments: AdTech which is an e-commerce advertising management and automation platform. EdTech which is a marketplace for live classes, connecting and enriching humanity through knowledge.

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