Two Hands (XCNQ:TWOH) Total Assets : C$0.31 Mil (As of Mar. 2024)

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What is Two Hands Total Assets?

Two Hands's Total Assets for the quarter that ended in Mar. 2024 was C$0.31 Mil.

During the past 12 months, Two Hands's average Total Assets Growth Rate was -1.80% per year. During the past 3 years, the average Total Assets Growth Rate was -43.40% per year. During the past 5 years, the average Total Assets Growth Rate was -26.50% per year. During the past 10 years, the average Total Assets Growth Rate was 84.50% per year.

During the past 13 years, Two Hands's highest 3-Year average Total Assets Growth Rate was 881.30%. The lowest was -63.80%. And the median was 37.70%.

Total Assets is connected with ROA %. Two Hands's annualized ROA % for the quarter that ended in Mar. 2024 was -1,483.71%. Total Assets is also linked to Revenue through Asset Turnover. Two Hands's Asset Turnover for the quarter that ended in Mar. 2024 was 0.77.

Two Hands Total Assets Historical Data

The historical data trend for Two Hands'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.

Two Hands Total Assets Chart

Two Hands Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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2.33

1.24

2.11

0.31

0.26

Two Hands Quarterly Data
	Jun19	Sep19	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															0.30	0.27	0.29	0.26	0.31

Two Hands 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.

Two Hands'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 )
	=	-3.752	+	4.014
	=	0.26

Two Hands'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 )
	=	-3.79	+	4.099
	=	0.31

Two Hands (XCNQ:TWOH) Total Assets Explanation

Total Assets is connected with ROA %.

Two Hands'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 )
	=	-4.236	/	( (0.262	+	0.309)	/ 2 )
	=	-4.236	/	0.2855
	=	-1,483.71 %

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.

Two Hands'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 )
=	0.221	/	( (0.262	+	0.309)	/ 2 )
=	0.221	/	0.2855
=	0.77

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.

Two Hands Total Assets Related Terms

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Two Hands (XCNQ:TWOH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Two Hands Corp (XCNQ:TWOH) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

TWOH:USA

Address

1035 Queensway East, Mississauga, ON, CAN, L4Y 4C1

Website

https://www.twohandsgroup.com

Two Hands Corporation is a custom application development company in the digital technologies sector. The company delivers diversified solutions to companies in North America. It has three business divisions namely gocart.city, Grocery Originals, and Cuore Food Services. gocart.city is the company's online delivery marketplace, allowing consumers to shop online and have their groceries delivered. Grocery Originals is the company's brick-and-mortar grocery store located in Mississauga Ontario at the site of the company's warehouse. Cuore Food Services is the company's wholesale food distribution branch.