VSEE (VSee Health) Total Assets : $25.03 Mil (As of Sep. 2024)

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What is VSee Health Total Assets?

VSee Health's Total Assets for the quarter that ended in Sep. 2024 was $25.03 Mil.

During the past 12 months, VSee Health's average Total Assets Growth Rate was 49.80% per year.

Total Assets is connected with ROA %. VSee Health's annualized ROA % for the quarter that ended in Sep. 2024 was -398.02%. Total Assets is also linked to Revenue through Asset Turnover. VSee Health's Asset Turnover for the quarter that ended in Sep. 2024 was 0.06.

VSee Health Total Assets Historical Data

The historical data trend for VSee Health'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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VSee Health Total Assets Chart

VSee Health Annual Data

Trend

Dec21

Dec22

Total Assets

1.94

2.61

VSee Health Quarterly Data
	Dec21	Dec22	Jun23	Sep23	Mar24	Jun24	Sep24
Total Assets	Get a 7-Day Free Trial			-	-	1.43	78.99	25.03

VSee Health 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.

VSee Health's Total Assets for the fiscal year that ended in Dec. 2022 is calculated as

Total Assets	=	Total Equity (A: Dec. 2022 )	+	Total Liabilities (A: Dec. 2022 )
	=	-0.002	+	2.615
	=	2.61

VSee Health'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 )
	=	4.759	+	20.271
	=	25.03

VSee Health (NAS:VSEE) Total Assets Explanation

Total Assets is connected with ROA %.

VSee Health'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 )
	=	-207.008	/	( (78.988	+	25.03)	/ 2 )
	=	-207.008	/	52.009
	=	-398.02 %

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.

VSee Health'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 )
=	3.354	/	( (78.988	+	25.03)	/ 2 )
=	3.354	/	52.009
=	0.06

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.

VSee Health Total Assets Related Terms

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VSee Health Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » VSee Health Inc (NAS:VSEE) » Definitions » Total Assets

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Traded in Other Exchanges

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Address

3188 Kimlee Drive, Suite 100, San Jose, CA, USA, 95132

Website

https://www.vsee.com

VSee Health Inc is a telehealth software platform. VSee's telemedicine solution, offering a fast, secure text + video collaboration app HIPAA messenger, and fully customizable virtual waiting rooms and clinics, is a complete telehealth platform that fits into any workflow. The VSee proprietary technology platform and modular software solution enable users to plug and play telehealth services with end-to-end encrypted video streaming integrated with patient metrics, electronic medical records, and other sensitive data, with multiple other interactive functionalities. The company's products include VSee Clinic, VSee Messenger, VSee APIs, VSee Remote patient monitoring, VSee Telehealth Staffing.