Legend Power Systems (TSXV:LPS.WT.A) Total Assets : C$4.20 Mil (As of Dec. 2023)

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What is Legend Power Systems Total Assets?

Legend Power Systems's Total Assets for the quarter that ended in Dec. 2023 was C$4.20 Mil.

During the past 12 months, Legend Power Systems's average Total Assets Growth Rate was -9.90% per year. During the past 3 years, the average Total Assets Growth Rate was 2.40% per year. During the past 5 years, the average Total Assets Growth Rate was -6.40% per year. During the past 10 years, the average Total Assets Growth Rate was 13.00% per year.

During the past 13 years, Legend Power Systems's highest 3-Year average Total Assets Growth Rate was 63.50%. The lowest was -22.30%. And the median was 1.80%.

Total Assets is connected with ROA %. Legend Power Systems's annualized ROA % for the quarter that ended in Dec. 2023 was -91.71%. Total Assets is also linked to Revenue through Asset Turnover. Legend Power Systems's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Legend Power Systems Total Assets Historical Data

The historical data trend for Legend Power Systems'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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Legend Power Systems Total Assets Chart

Legend Power Systems Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Total Assets

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8.73

4.82

11.80

6.30

5.23

Legend Power Systems Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial															5.16	4.20	3.42	5.23	4.20

Legend Power Systems 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.

Legend Power Systems'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 )
	=	3.995	+	1.235
	=	5.23

Legend Power Systems's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	2.995	+	1.206
	=	4.20

Legend Power Systems (TSXV:LPS.WT.A) Total Assets Explanation

Total Assets is connected with ROA %.

Legend Power Systems's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	-4.324	/	( (5.229	+	4.201)	/ 2 )
	=	-4.324	/	4.715
	=	-91.71 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) 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.

Legend Power Systems's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	0.002	/	( (5.229	+	4.201)	/ 2 )
=	0.002	/	4.715
=	0.00

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.

Legend Power Systems Total Assets Related Terms

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Legend Power Systems (TSXV:LPS.WT.A) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Legend Power Systems Inc (TSXV:LPS.WT.A) » Definitions » Total Assets

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LPSIF:USA XLE1:Germany LPS:Canada

Address

1480 Frances Street, Vancouver, BC, CAN, V5L 1Y9

Website

https://www.legendpower.com

Legend Power Systems Inc together with its subsidiaries provides electrical energy conservation solutions to commercial and industrial customers in Canada. The Company's principal business activities are the assembly, marketing and sale of a patented device which is the SmartGATE, which enables dynamic power management of an entire commercial or industrial building. Business operating segments are based on geographical location of sale and installation of the SmartGATE products: Legend Power Systems Canada and Legend Power Systems Corp - U.S. Geographically, it derives a majority of revenue from Canada and also has a presence in the United States.

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