Ionik (TSXV:INIK) Total Assets : C$277.8 Mil (As of Sep. 2024)

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What is Ionik Total Assets?

Ionik's Total Assets for the quarter that ended in Sep. 2024 was C$277.8 Mil.

During the past 12 months, Ionik's average Total Assets Growth Rate was 36.80% per year. During the past 3 years, the average Total Assets Growth Rate was 160.90% per year.

During the past 5 years, Ionik's highest 3-Year average Total Assets Growth Rate was 160.90%. The lowest was 132.20%. And the median was 146.55%.

Total Assets is connected with ROA %. Ionik's annualized ROA % for the quarter that ended in Sep. 2024 was -8.15%. Total Assets is also linked to Revenue through Asset Turnover. Ionik's Asset Turnover for the quarter that ended in Sep. 2024 was 0.26.

Ionik Total Assets Historical Data

The historical data trend for Ionik'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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Ionik Total Assets Chart

Ionik Annual Data

Trend

Dec19

Dec20

Dec21

Sep22

Dec23

Total Assets

16.62

33.22

34.47

200.48

187.09

Ionik Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Assets	Get a 7-Day Free Trial															199.92	187.09	181.53	172.80	277.80

Ionik 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.

Ionik'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 )
	=	1.22	+	185.875
	=	187.1

Ionik'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 )
	=	-4.816	+	282.618
	=	277.8

Ionik (TSXV:INIK) Total Assets Explanation

Total Assets is connected with ROA %.

Ionik'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 )
	=	-18.352	/	( (172.802	+	277.803)	/ 2 )
	=	-18.352	/	225.3025
	=	-8.15 %

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.

Ionik'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 )
=	59.647	/	( (172.802	+	277.803)	/ 2 )
=	59.647	/	225.3025
=	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.

Ionik Total Assets Related Terms

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Ionik Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Ionik Corp (TSXV:INIK) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

INIKF:USA

Address

1 University Avenue, 3rd Floor, Toronto, ON, CAN, M5J 2P1

Website

https://www.ionikgroup.com

Ionik Corp is a data-driven performance marketing technology company focused on assembling the effective and complete suite of advertising, marketing, and monetization solutions for brands, advertisers, and publishers while building an extensive proprietary repository of opted-in first-party data.

Executives

Lois Lorrayne Norris	Senior Officer
Jeffrey David Collins	Senior Officer
Jonathan Paul Walsh	Director
Robert Shaner	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Christopher Locke	Director
Edward William Hastings	Director, Senior Officer
Kevin Ferrell	Senior Officer
Jurgen Cautreels	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
James Mansfield	Director or Senior Officer of 10% Security Holder, Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Michael Fitzgerald	Director or Senior Officer of 10% Security Holder, Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Christopher James Schnarr	Director, Senior Officer
Ronald Thomas Patterson	Director
Michael James Haines	Director or Senior Officer of 10% Security Holder

Ionik Headlines

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