Principal Technologies (TSXV:PTEC) Total Assets : C$1.35 Mil (As of Oct. 2024)

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What is Principal Technologies Total Assets?

Principal Technologies's Total Assets for the quarter that ended in Oct. 2024 was C$1.35 Mil.

During the past 12 months, Principal Technologies's average Total Assets Growth Rate was 24.70% per year. During the past 3 years, the average Total Assets Growth Rate was 63.90% per year.

During the past 5 years, Principal Technologies's highest 3-Year average Total Assets Growth Rate was 63.90%. The lowest was 63.90%. And the median was 63.90%.

Total Assets is connected with ROA %. Principal Technologies's annualized ROA % for the quarter that ended in Oct. 2024 was -156.98%. Total Assets is also linked to Revenue through Asset Turnover. Principal Technologies's Asset Turnover for the quarter that ended in Oct. 2024 was 0.08.

Principal Technologies Total Assets Historical Data

The historical data trend for Principal Technologies'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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Principal Technologies Total Assets Chart

Principal Technologies Annual Data

Trend

Jul20

Jul21

Jul22

Jul23

Jul24

Total Assets

1.64

1.44

0.76

0.73

1.51

Principal Technologies Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
Total Assets	Get a 7-Day Free Trial															0.95	1.30	1.30	1.51	1.35

Principal Technologies 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.

Principal Technologies's Total Assets for the fiscal year that ended in Jul. 2024 is calculated as

Total Assets	=	Total Equity (A: Jul. 2024 )	+	Total Liabilities (A: Jul. 2024 )
	=	1.068	+	0.441
	=	1.51

Principal Technologies's Total Assets for the quarter that ended in Oct. 2024 is calculated as

Total Assets	=	Total Equity (Q: Oct. 2024 )	+	Total Liabilities (Q: Oct. 2024 )
	=	0.956	+	0.397
	=	1.35

Principal Technologies (TSXV:PTEC) Total Assets Explanation

Total Assets is connected with ROA %.

Principal Technologies's annualized ROA % for the quarter that ended in Oct. 2024 is

ROA %	=	Net Income (Q: Oct. 2024 )	/	( (Total Assets (Q: Jul. 2024 )	+	Total Assets (Q: Oct. 2024 ))	/ count )
	=	-2.248	/	( (1.51	+	1.354)	/ 2 )
	=	-2.248	/	1.432
	=	-156.98 %

Note: The Net Income data used here is four times the quarterly (Oct. 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.

Principal Technologies's Asset Turnover for the quarter that ended in Oct. 2024 is

	Asset Turnover
=	Revenue (Q: Oct. 2024 )	/	( (Total Assets (Q: Jul. 2024 )	+	Total Assets (Q: Oct. 2024 ))	/ count )
=	0.108	/	( (1.51	+	1.354)	/ 2 )
=	0.108	/	1.432
=	0.08

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.

Principal Technologies Total Assets Related Terms

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Principal Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Principal Technologies Inc (TSXV:PTEC) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

JO7:Germany

Address

700 West Georgia Street, Suite 2500, Vancouver, BC, CAN, V7Y 1B3

Website

https://www.principal-technologies.com

Principal Technologies Inc focuses on investment in a healthcare technology company. It is building a diverse portfolio of investments in healthcare technology companies with a focus on those with distribution potential across the world, and have intellectual property capable of enhancing medical treatment, cost efficiency, optimizations of the patient pathway, and implementation of point-of-care technologies. The company operates in one reportable operational segment, being its operations in healthcare technology including the project management of international-scale clinical studies predominantly related to medical device technologies.

Executives

John William Mccoach

Director