Quipt Home Medical (TSX:QIPT) Total Assets : C$336.5 Mil (As of Mar. 2024)

View and export this data going back to 1997. Start your Free Trial

What is Quipt Home Medical Total Assets?

Quipt Home Medical's Total Assets for the quarter that ended in Mar. 2024 was C$336.5 Mil.

Warning Sign:

If a company builds assets at 50.2% a year, faster than its revenue growth rate of 14.6% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Quipt Home Medical's average Total Assets Growth Rate was 3.60% per year. During the past 3 years, the average Total Assets Growth Rate was 76.50% per year. During the past 5 years, the average Total Assets Growth Rate was 50.20% per year. During the past 10 years, the average Total Assets Growth Rate was 23.30% per year.

During the past 13 years, Quipt Home Medical's highest 3-Year average Total Assets Growth Rate was 312.80%. The lowest was -49.30%. And the median was 22.95%.

Total Assets is connected with ROA %. Quipt Home Medical's annualized ROA % for the quarter that ended in Mar. 2024 was -2.23%. Total Assets is also linked to Revenue through Asset Turnover. Quipt Home Medical's Asset Turnover for the quarter that ended in Mar. 2024 was 0.26.

Quipt Home Medical Total Assets Historical Data

The historical data trend for Quipt Home Medical'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.

Quipt Home Medical Total Assets Chart

Quipt Home Medical Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Total Assets

Get a 7-Day Free Trial

55.16

95.34

137.57

176.36

334.77

Quipt Home Medical 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															308.61	322.03	334.77	327.21	336.52

Quipt Home Medical 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.

Quipt Home Medical's Total Assets for the fiscal year that ended in Sep. 2023 is calculated as

Total Assets	=	Total Equity (A: Sep. 2023 )	+	Total Liabilities (A: Sep. 2023 )
	=	150.35	+	184.418
	=	334.8

Quipt Home Medical'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 )
	=	149.364	+	187.16
	=	336.5

Quipt Home Medical (TSX:QIPT) Total Assets Explanation

Total Assets is connected with ROA %.

Quipt Home Medical'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 )
	=	-7.392	/	( (327.207	+	336.524)	/ 2 )
	=	-7.392	/	331.8655
	=	-2.23 %

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.

Quipt Home Medical'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 )
=	86.568	/	( (327.207	+	336.524)	/ 2 )
=	86.568	/	331.8655
=	0.26

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.

Quipt Home Medical Total Assets Related Terms

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

Quipt Home Medical (TSX:QIPT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Quipt Home Medical Corp (TSX:QIPT) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

QIPT:USA

Address

1019 Town Drive, Wilder, KY, USA, 41076

Website

https://www.quipthomemedical.com

Quipt Home Medical Corp provides in-home monitoring equipment, supplies, and services to patients. The company's services consist of Daily and Ambulatory Aides, Power Mobility, INR Self-Testing, Respiratory Equipment Rental, Home ventilation, Oxygen Therapy, and Sleep Apnea and PAP Treatment.

Executives

Mark Alan Greenberg

Director