Tribal Rides International (Tribal Rides International) Total Assets : $0.25 Mil (As of Jun. 2023)

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What is Tribal Rides International Total Assets?

Tribal Rides International's Total Assets for the quarter that ended in Jun. 2023 was $0.25 Mil.

During the past 12 months, Tribal Rides International's average Total Assets Growth Rate was 81.20% per year.

Total Assets is connected with ROA %. Tribal Rides International's annualized ROA % for the quarter that ended in Jun. 2023 was -392.69%. Total Assets is also linked to Revenue through Asset Turnover. Tribal Rides International's Asset Turnover for the quarter that ended in Jun. 2023 was 0.00.

Tribal Rides International Total Assets Historical Data

The historical data trend for Tribal Rides International'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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Tribal Rides International Total Assets Chart

Tribal Rides International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Total Assets

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0.51

0.14

Tribal Rides International Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Total Assets	Get a 7-Day Free Trial															0.14	0.16	0.14	0.13	0.25

Tribal Rides International 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.

Tribal Rides International'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 )
	=	-0.428	+	0.566
	=	0.14

Tribal Rides International's Total Assets for the quarter that ended in Jun. 2023 is calculated as

Total Assets	=	Total Equity (Q: Jun. 2023 )	+	Total Liabilities (Q: Jun. 2023 )
	=	-0.539	+	0.789
	=	0.25

Tribal Rides International (OTCPK:XNDA) Total Assets Explanation

Total Assets is connected with ROA %.

Tribal Rides International's annualized ROA % for the quarter that ended in Jun. 2023 is

ROA %	=	Net Income (Q: Jun. 2023 )	/	( (Total Assets (Q: Mar. 2023 )	+	Total Assets (Q: Jun. 2023 ))	/ count )
	=	-0.752	/	( (0.133	+	0.25)	/ 2 )
	=	-0.752	/	0.1915
	=	-392.69 %

Note: The Net Income data used here is four times the quarterly (Jun. 2023) 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.

Tribal Rides International's Asset Turnover for the quarter that ended in Jun. 2023 is

	Asset Turnover
=	Revenue (Q: Jun. 2023 )	/	( (Total Assets (Q: Mar. 2023 )	+	Total Assets (Q: Jun. 2023 ))	/ count )
=	0	/	( (0.133	+	0.25)	/ 2 )
=	0	/	0.1915
=	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.

Tribal Rides International Total Assets Related Terms

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Tribal Rides International (Tribal Rides International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Tribal Rides International Corp (OTCPK:XNDA) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

26060 Acero, Mission Viejo, CA, USA, 92691

Website

https://www.tribalrides.us

Tribal Rides International Corp is a transportation technology company creating the future of personal mobility with a, patented focus on autonomous vehicles. It is developing a cloud-based Systems as a Solution (SaaS) interface for a comprehensive social network and mobile application. The company's planned E-commerce module will enable users to create and manage their own personalized transportation experience; to form and/or join groups; collaborate on cost-saving strategies; find, schedule, obtain transportation services from within the groups in which it belong, and easily and securely conduct financial transactions.

Executives

Joseph Grimes	director, 10 percent owner, officer: CEO	6 CLEOME, LADERA RANCH CA 92694
Steven Paul Ritacco	director, officer: Chief Technology Officer	4311 NE 18TH AVE, FT. LAUDERDALE FL 33334
Sanjay Prasad	director	221 MAIN STREET, #496, LOS ALTOS CA 94023
Donald Dewayne Smith	officer: Chief Financial Officer	C/O TRIBAL RIDES INTERNATIONAL, INC., 26060 ACERO, MISSION VIEJO CA 92691