Kovo+ Holdings (TSXV:KOVO) Total Assets : C$16.57 Mil (As of Sep. 2024)

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What is Kovo+ Holdings Total Assets?

Kovo+ Holdings's Total Assets for the quarter that ended in Sep. 2024 was C$16.57 Mil.

During the past 12 months, Kovo+ Holdings's average Total Assets Growth Rate was 35.50% per year. During the past 3 years, the average Total Assets Growth Rate was 46.80% per year.

During the past 4 years, Kovo+ Holdings's highest 3-Year average Total Assets Growth Rate was 46.80%. The lowest was 46.80%. And the median was 46.80%.

Total Assets is connected with ROA %. Kovo+ Holdings's annualized ROA % for the quarter that ended in Sep. 2024 was -56.18%. Total Assets is also linked to Revenue through Asset Turnover. Kovo+ Holdings's Asset Turnover for the quarter that ended in Sep. 2024 was 0.22.

Kovo+ Holdings Total Assets Historical Data

The historical data trend for Kovo+ Holdings'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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Kovo+ Holdings Total Assets Chart

Kovo+ Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Total Assets

4.08

9.39

9.42

12.42

Kovo+ Holdings Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Assets	Get a 7-Day Free Trial													12.44	12.42	12.67	12.26	16.57

Kovo+ Holdings 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.

Kovo+ Holdings'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 )
	=	-0.401	+	12.82
	=	12.42

Kovo+ Holdings'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 )
	=	-4.109	+	20.675
	=	16.57

Kovo+ Holdings (TSXV:KOVO) Total Assets Explanation

Total Assets is connected with ROA %.

Kovo+ Holdings'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 )
	=	-8.096	/	( (12.256	+	16.567)	/ 2 )
	=	-8.096	/	14.4115
	=	-56.18 %

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.

Kovo+ Holdings'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 )
=	3.227	/	( (12.256	+	16.567)	/ 2 )
=	3.227	/	14.4115
=	0.22

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.

Kovo+ Holdings Total Assets Related Terms

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Kovo+ Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Kovo+ Holdings Inc (TSXV:KOVO) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

925 West Georgia Street, Suite 1600, Vancouver, BC, CAN, V6C 3L2

Website

https://www.kovoplus.com

Kovo+ Holdings Inc is a versatile technology company leading the charge in AI initiatives to drive impact and innovation across diverse industries. Its expanded vision and mission evaluates initiatives across diverse industry markets. The company remains committed to integrate strategic growth opportunities with mid-market Medical Billing firms for exploitive business optimization synergies and expanding the Kovo+ RCM business model. It also integrates accretive additions in the broader healthcare sector to its portfolio. Dedicated to revolutionizing business processes optimization through technological advancements and evolving AI-applied methods, Kovo+ embodies a commitment to ensured and enduring profitability.

Executives

Steven Elliott Parry	Director
Harprit Singh Gahunia	Director

Kovo+ Holdings Headlines

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