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Eddy Smart Home Solutions (TSXV:EDY) Total Assets : C$12.43 Mil (As of Sep. 2024)


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What is Eddy Smart Home Solutions Total Assets?

Eddy Smart Home Solutions's Total Assets for the quarter that ended in Sep. 2024 was C$12.43 Mil.

During the past 12 months, Eddy Smart Home Solutions's average Total Assets Growth Rate was -13.80% per year.

Total Assets is connected with ROA %. Eddy Smart Home Solutions's annualized ROA % for the quarter that ended in Sep. 2024 was -24.57%. Total Assets is also linked to Revenue through Asset Turnover. Eddy Smart Home Solutions's Asset Turnover for the quarter that ended in Sep. 2024 was 0.05.

Eddy Smart Home Solutions Total Assets Historical Data

The historical data trend for Eddy Smart Home Solutions'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.

Eddy Smart Home Solutions Total Assets Chart

Eddy Smart Home Solutions Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Total Assets
0.25 0.46 15.61 11.34

Eddy Smart Home Solutions Quarterly Data
Mar21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 14.42 11.34 11.23 17.93 12.43

Eddy Smart Home Solutions 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.

Eddy Smart Home Solutions'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 )
=-6.558+17.895
=11.34

Eddy Smart Home Solutions'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 )
=-1.408+13.834
=12.43

* 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.

Eddy Smart Home Solutions  (TSXV:EDY) Total Assets Explanation

Total Assets is connected with ROA %.

Eddy Smart Home Solutions'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 )
=-3.728/( (17.925+12.426)/ 2 )
=-3.728/15.1755
=-24.57 %

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.

Eddy Smart Home Solutions'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 )
=0.721/( (17.925+12.426)/ 2 )
=0.721/15.1755
=0.05

* 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.

Eddy Smart Home Solutions Total Assets Related Terms

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Eddy Smart Home Solutions Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Eddy Smart Home Solutions Ltd (TSXV:EDY) » Definitions » Total Assets
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Traded in Other Exchanges
N/A
Address
5255 Yonge Street, Suite 900, Toronto, ON, CAN, M2N 6P4
Website
https://www.eddysolutions.com
Eddy Smart Home Solutions Ltd is a provider and developer of residential and commercial smart water metering products and monitoring services. It helps property owners to protect, control, and conserve water usage by combining water-sensing devices with behavioral learning software. The Company operates in three operating segments, which are multi-family residences (MFR), single family residences (SFR) and customer & industrial (C&I). The company's revenue is generated from customers in Canada and the USA.
Executives
Mark Silver 10% Security Holder, Director
Boris Baril Senior Officer
Cory Silver Senior Officer

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