VS (Versus Systems) Total Assets : $1.24 Mil (As of Sep. 2024)

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What is Versus Systems Total Assets?

Versus Systems's Total Assets for the quarter that ended in Sep. 2024 was $1.24 Mil.

During the past 12 months, Versus Systems's average Total Assets Growth Rate was 148.70% per year. During the past 3 years, the average Total Assets Growth Rate was -69.70% per year. During the past 5 years, the average Total Assets Growth Rate was -41.40% per year. During the past 10 years, the average Total Assets Growth Rate was 5.30% per year.

During the past 13 years, Versus Systems's highest 3-Year average Total Assets Growth Rate was 1494.80%. The lowest was -90.10%. And the median was 42.65%.

Total Assets is connected with ROA %. Versus Systems's annualized ROA % for the quarter that ended in Sep. 2024 was -137.67%. Total Assets is also linked to Revenue through Asset Turnover. Versus Systems's Asset Turnover for the quarter that ended in Sep. 2024 was 0.00.

Versus Systems Total Assets Historical Data

The historical data trend for Versus 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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Versus Systems Total Assets Chart

Versus Systems Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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3.11

5.49

18.54

8.06

4.88

Versus Systems Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Assets	Get a 7-Day Free Trial															7.69	4.88	3.36	1.83	1.24

Versus 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.

Versus Systems'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 )
	=	4.557	+	0.321
	=	4.88

Versus Systems's Total Assets for the quarter that ended in Sep. 2024 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2024 )	+	Total Liabilities (Q: Sep. 2024 )
	=	1.216	+	0.027
	=	1.24

Versus Systems (NAS:VS) Total Assets Explanation

Total Assets is connected with ROA %.

Versus Systems's annualized ROA % for the quarter that ended in Sep. 2024 is

ROA %	=	Net Income (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
	=	-2.116	/	( (1.831	+	1.243)	/ 2 )
	=	-2.116	/	1.537
	=	-137.67 %

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

Versus Systems's Asset Turnover for the quarter that ended in Sep. 2024 is

	Asset Turnover
=	Revenue (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
=	0.004	/	( (1.831	+	1.243)	/ 2 )
=	0.004	/	1.537
=	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.

Versus Systems Total Assets Related Terms

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Versus Systems Business Description

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Address

1558 West Hastings Street, Vancouver, BC, CAN, V6G 3J4

Website

https://www.versussystems.com

Versus Systems Inc offers a suite of proprietary business-to-business software tools that are meant to drive user engagement through gamification and rewards. These tools allow its partners to offer in-game prizes and rewards, including merchandise, coupons, digital goods, and sweepstakes entries - inside their websites, their venues, or their streaming media content. Its customers are mostly sports teams, venues, and advertising agencies, which typically use its products as part of their live events or as part of an advertising campaign with the goal of engaging fans, increasing consented first-party data, and increasing sales. The company operates in Canada and the USA.