VSMR (Verify Smart) Total Assets : $1.80 Mil (As of Jun. 2024)

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What is Verify Smart Total Assets?

Verify Smart's Total Assets for the quarter that ended in Jun. 2024 was $1.80 Mil.

During the past 12 months, Verify Smart's average Total Assets Growth Rate was -15.60% per year. During the past 3 years, the average Total Assets Growth Rate was 49.60% per year. During the past 5 years, the average Total Assets Growth Rate was 176.20% per year. During the past 10 years, the average Total Assets Growth Rate was 77.80% per year.

During the past 12 years, Verify Smart's highest 3-Year average Total Assets Growth Rate was 330.30%. The lowest was -71.30%. And the median was 154.75%.

Total Assets is connected with ROA %. Verify Smart's annualized ROA % for the quarter that ended in Jun. 2024 was -39.29%. Total Assets is also linked to Revenue through Asset Turnover. Verify Smart's Asset Turnover for the quarter that ended in Jun. 2024 was 0.00.

Verify Smart Total Assets Historical Data

The historical data trend for Verify Smart'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.

* Premium members only.

Verify Smart Total Assets Chart

Verify Smart Annual Data

Trend

Jun08

Jun09

Jun10

Jun11

Jun12

Jun17

Jun18

Jun22

Jun23

Jun24

Total Assets

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0.09

0.57

0.53

2.15

1.80

Verify Smart Semi-Annual Data
	Jun06	Jun07	Jun08	Jun09	Jun10	Jun11	Jun12	Jun17	Jun18	Jun22	Jun23	Jun24
Total Assets	Get a 7-Day Free Trial							0.09	0.57	0.53	2.15	1.80

Verify Smart 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.

Verify Smart's Total Assets for the fiscal year that ended in Jun. 2024 is calculated as

Total Assets	=	Total Equity (A: Jun. 2024 )	+	Total Liabilities (A: Jun. 2024 )
	=	-0.148	+	1.948
	=	1.80

Verify Smart's Total Assets for the quarter that ended in Jun. 2024 is calculated as

Total Assets	=	Total Equity (Q: Jun. 2024 )	+	Total Liabilities (Q: Jun. 2024 )
	=	-0.148	+	1.948
	=	1.80

Verify Smart (OTCPK:VSMR) Total Assets Explanation

Total Assets is connected with ROA %.

Verify Smart's annualized ROA % for the quarter that ended in Jun. 2024 is

ROA %	=	Net Income (Q: Jun. 2024 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Jun. 2024 ))	/ count )
	=	-0.775	/	( (2.145	+	1.8)	/ 2 )
	=	-0.775	/	1.9725
	=	-39.29 %

Note: The Net Income data used here is one times the annual (Jun. 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.

Verify Smart's Asset Turnover for the quarter that ended in Jun. 2024 is

	Asset Turnover
=	Revenue (Q: Jun. 2024 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Jun. 2024 ))	/ count )
=	0	/	( (2.145	+	1.8)	/ 2 )
=	0	/	1.9725
=	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.

Verify Smart Total Assets Related Terms

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Verify Smart Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Verify Smart Corp (OTCPK:VSMR) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

40 Hillside Avenue, Mahwah, NJ, USA, 07430

Website

https://www.verifysmart.net

Verify Smart Corp is engaged in the business of developing and selling internet security software for credit card fraud prevention. The Company was originally formed to engage in the acquisition, exploration and development of natural resource properties.

Executives

Howard Stephen Gelfand	director, 10 percent owner, officer: PRES, CEO, TRES, CFO, SECR	5050 KINGSWAY,, BURNABY, BC A1 V5H 4H2
Gordon Koshowski	director	#109 - 114 W MAGNOLIA, SUITE 400, BELLINGHAM WA 98225

Verify Smart Headlines

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