Pivotree (TSXV:PVT) Total Assets : C$64.09 Mil (As of Dec. 2023)

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What is Pivotree Total Assets?

Pivotree's Total Assets for the quarter that ended in Dec. 2023 was C$64.09 Mil.

During the past 12 months, Pivotree's average Total Assets Growth Rate was -16.50% per year. During the past 3 years, the average Total Assets Growth Rate was 16.90% per year.

During the past 5 years, Pivotree's highest 3-Year average Total Assets Growth Rate was 17.30%. The lowest was 16.90%. And the median was 17.10%.

Total Assets is connected with ROA %. Pivotree's annualized ROA % for the quarter that ended in Dec. 2023 was -8.47%. Total Assets is also linked to Revenue through Asset Turnover. Pivotree's Asset Turnover for the quarter that ended in Dec. 2023 was 0.32.

Pivotree Total Assets Historical Data

The historical data trend for Pivotree'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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Pivotree Total Assets Chart

Pivotree Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

44.16

88.65

94.18

83.75

64.09

Pivotree Quarterly Data
	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													83.75	80.13	71.00	67.10	64.09

Pivotree 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.

Pivotree'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 )
	=	57.491	+	6.603
	=	64.09

Pivotree'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 )
	=	57.491	+	6.603
	=	64.09

Pivotree (TSXV:PVT) Total Assets Explanation

Total Assets is connected with ROA %.

Pivotree'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 )
	=	-5.556	/	( (67.096	+	64.094)	/ 2 )
	=	-5.556	/	65.595
	=	-8.47 %

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.

Pivotree'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 )
=	21.031	/	( (67.096	+	64.094)	/ 2 )
=	21.031	/	65.595
=	0.32

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.

Pivotree Total Assets Related Terms

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Pivotree (TSXV:PVT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Pivotree Inc (TSXV:PVT) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

PVTRF:USA 8AV:Germany

Address

6300 Northam Drive, Mississauga, ON, CAN, L4V 1H7

Website

https://www.pivotree.com

Pivotree Inc Company designs, integrates, deploys, and manages digital platforms in Commerce, Data Management and Supply Chain for major retail and branded manufacturers throughout the world. Pivotree provides the technical skills necessary to enable the effective use of technologies combined with the business context to leverage a solution to solve clients' business challenges. Pivotree's portfolio of products, managed and professional services help provide B2B2C digital businesses with end-to-end service to manage complex digital commerce platforms. It operates in two segments: professional and managed services. Pivotree serves market-leading brands and forward-thinking B2C and B2B companies, including many Fortune 1000. The majority of its revenue comes from North America.

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