Venzee Technologies (Venzee Technologies) Total Assets : $0.06 Mil (As of Dec. 2023)

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What is Venzee Technologies Total Assets?

Venzee Technologies's Total Assets for the quarter that ended in Dec. 2023 was $0.06 Mil.

During the past 12 months, Venzee Technologies's average Total Assets Growth Rate was -58.30% per year. During the past 3 years, the average Total Assets Growth Rate was -20.60% per year. During the past 5 years, the average Total Assets Growth Rate was 71.00% per year. During the past 10 years, the average Total Assets Growth Rate was -25.30% per year.

During the past 13 years, Venzee Technologies's highest 3-Year average Total Assets Growth Rate was 295.50%. The lowest was -89.30%. And the median was -13.75%.

Total Assets is connected with ROA %. Venzee Technologies's annualized ROA % for the quarter that ended in Dec. 2023 was -1,017.60%. Total Assets is also linked to Revenue through Asset Turnover. Venzee Technologies's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Venzee Technologies Total Assets Historical Data

The historical data trend for Venzee 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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Venzee Technologies Total Assets Chart

Venzee Technologies Annual Data

Trend

Jul12

Jul13

Jul14

Jul15

Jul16

Jul17

Dec18

Dec19

Dec20

Dec21

Total Assets

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0.14

1.25

0.17

1.42

0.61

Venzee Technologies Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial															0.08	0.03	0.11	0.06	0.06

Venzee 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.

Venzee Technologies's Total Assets for the fiscal year that ended in Dec. 2021 is calculated as

Total Assets	=	Total Equity (A: Dec. 2021 )	+	Total Liabilities (A: Dec. 2021 )
	=	0.384	+	0.222
	=	0.61

Venzee Technologies'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 )
	=	-1.077	+	1.137
	=	0.06

Venzee Technologies (OTCPK:VENZF) Total Assets Explanation

Total Assets is connected with ROA %.

Venzee Technologies'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 )
	=	-0.636	/	( (0.064	+	0.061)	/ 2 )
	=	-0.636	/	0.0625
	=	-1,017.60 %

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.

Venzee Technologies'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	/	( (0.064	+	0.061)	/ 2 )
=	0	/	0.0625
=	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.

Venzee Technologies Total Assets Related Terms

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Venzee Technologies (Venzee Technologies) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Venzee Technologies Inc (OTCPK:VENZF) » Definitions » Total Assets

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VENZ:Canada

Address

422 Richards Street, Suite 170, Vancouver, BC, CAN, V6B 2Z4

Website

https://www.venzee.com

Venzee Technologies Inc is engaged in developing software infrastructure retailers. It develops and markets a cloud-based platform that suppliers and manufacturers from multiple industries use to share their product information and inventory updates, in real-time, with their retailers. The Company operates in one operating segment, which is a cloud-based platform solution targeted to online retailers and vendors. Geographically, the company generates a majority of revenue from the United States.