Vemanti Group (Vemanti Group) Total Assets : $0.15 Mil (As of Mar. 2024)

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What is Vemanti Group Total Assets?

Vemanti Group's Total Assets for the quarter that ended in Mar. 2024 was $0.15 Mil.

During the past 12 months, Vemanti Group's average Total Assets Growth Rate was -78.50% per year. During the past 3 years, the average Total Assets Growth Rate was -69.80% per year.

During the past 5 years, Vemanti Group's highest 3-Year average Total Assets Growth Rate was 1.20%. The lowest was -69.80%. And the median was -34.30%.

Total Assets is connected with ROA %. Vemanti Group's annualized ROA % for the quarter that ended in Mar. 2024 was -259.53%. Total Assets is also linked to Revenue through Asset Turnover. Vemanti Group's Asset Turnover for the quarter that ended in Mar. 2024 was 0.00.

Vemanti Group Total Assets Historical Data

The historical data trend for Vemanti Group'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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Vemanti Group Total Assets Chart

Vemanti Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

0.65

0.57

0.63

0.81

0.15

Vemanti Group Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial													0.65	0.59	0.48	0.15	0.15

Vemanti Group 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.

Vemanti Group'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 )
	=	-0.172	+	0.317
	=	0.15

Vemanti Group's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	-0.18	+	0.335
	=	0.16

Vemanti Group (OTCPK:VMNT) Total Assets Explanation

Total Assets is connected with ROA %.

Vemanti Group's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	-0.388	/	( (0.145	+	0.154)	/ 2 )
	=	-0.388	/	0.1495
	=	-259.53 %

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

Vemanti Group's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	0	/	( (0.145	+	0.154)	/ 2 )
=	0	/	0.1495
=	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.

Vemanti Group Total Assets Related Terms

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Vemanti Group (Vemanti Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Vemanti Group Inc (OTCPK:VMNT) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

7545 Irvine Center Drive, Suite. 200, Irvine, CA, USA, 92618

Website

https://www.vemanti.com

Vemanti Group Inc, through its subsidiaries, provides IP (Internet Protocol) communication needs. The company's network offers availability, coverage, flexibility and enables the following technology solutions: unified communications, data centre services, content delivery, voice over IP (VoIP), and cloud computing. The company also focuses on acquisition and investment in companies that focus on blockchain projects and applications combined with other emerging technologies, including machine learning/AI, security, and the internet of things (IoT).

Executives

Stephen Richard Jones	officer: CFO	256 GREENGLADE AVENUE, WORTHINGTON OH 43085
Tan Tran	director, 10 percent owner, officer: President, CEO, CFO	7545 IRVINE CENTER DR., STE. 200, IRVINE CA 92618
Rachel Boulds Cpa, Pllc	director	6371 S. GLENOAKS STREET, MURRAY UT 84107