Sparc AI (XCNQ:SPAI) Total Assets : C$0.07 Mil (As of Dec. 2024)

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What is Sparc AI Total Assets?

Sparc AI's Total Assets for the quarter that ended in Dec. 2024 was C$0.07 Mil.

During the past 12 months, Sparc AI's average Total Assets Growth Rate was 73.50% per year. During the past 3 years, the average Total Assets Growth Rate was -58.20% per year. During the past 5 years, the average Total Assets Growth Rate was -44.50% per year.

During the past 6 years, Sparc AI's highest 3-Year average Total Assets Growth Rate was -3.70%. The lowest was -59.40%. And the median was -58.20%.

Total Assets is connected with ROA %. Sparc AI's annualized ROA % for the quarter that ended in Dec. 2024 was -750.68%. Total Assets is also linked to Revenue through Asset Turnover. Sparc AI's Asset Turnover for the quarter that ended in Dec. 2024 was 0.00.

Sparc AI Total Assets Historical Data

The historical data trend for Sparc AI'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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Sparc AI Total Assets Chart

Sparc AI Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Total Assets

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1.16

0.75

0.16

0.07

Sparc AI Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Total Assets	Get a 7-Day Free Trial															0.16	0.07	0.11	0.08	0.07

Sparc AI 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.

Sparc AI's Total Assets for the fiscal year that ended in Dec. 2024 is calculated as

Total Assets	=	Total Equity (A: Dec. 2024 )	+	Total Liabilities (A: Dec. 2024 )
	=	-0.037	+	0.104
	=	0.07

Sparc AI's Total Assets for the quarter that ended in Dec. 2024 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2024 )	+	Total Liabilities (Q: Dec. 2024 )
	=	-0.037	+	0.104
	=	0.07

Sparc AI (XCNQ:SPAI) Total Assets Explanation

Total Assets is connected with ROA %.

Sparc AI's annualized ROA % for the quarter that ended in Dec. 2024 is

ROA %	=	Net Income (Q: Dec. 2024 )	/	( (Total Assets (Q: Sep. 2024 )	+	Total Assets (Q: Dec. 2024 ))	/ count )
	=	-0.548	/	( (0.079	+	0.067)	/ 2 )
	=	-0.548	/	0.073
	=	-750.68 %

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

Sparc AI's Asset Turnover for the quarter that ended in Dec. 2024 is

	Asset Turnover
=	Revenue (Q: Dec. 2024 )	/	( (Total Assets (Q: Sep. 2024 )	+	Total Assets (Q: Dec. 2024 ))	/ count )
=	0	/	( (0.079	+	0.067)	/ 2 )
=	0	/	0.073
=	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.

Sparc AI Total Assets Related Terms

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Sparc AI Business Description

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SPAIF:USA 5OV0:Germany

Address

71 Victoria Crescent, Building 17, Abbotsford, VIC, AUS, 3067

Website

https://www.eyefigroup.com

Sparc AI Inc Formerly EYEFI Group Technologies Inc is a software and electronics engineering company that has developed, patented and commercialized an innovative spatial technology; spatial, predictive, approximation and radial convolution (SPARC) and an associated product suite, that turns sensors, cameras and smartphones (fixed, mobile, airborne, portable or handheld) into geo-target co-ordinate acquisition devices. The company has also developed IIoT sensor hardware and associated cloud software, as a second pillar within its product offering. Its Cloud is a next-generation cloud platform that provides a secure and centralized environment where customers can manage their EYEfi product deployments and applications. It has one segment software and electronics engineering services.