Fuse Group Holding (Fuse Group Holding) Total Assets : $0.06 Mil (As of Mar. 2024)

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What is Fuse Group Holding Total Assets?

Fuse Group Holding's Total Assets for the quarter that ended in Mar. 2024 was $0.06 Mil.

During the past 12 months, Fuse Group Holding's average Total Assets Growth Rate was -53.80% per year. During the past 3 years, the average Total Assets Growth Rate was -65.00% per year. During the past 5 years, the average Total Assets Growth Rate was -54.30% per year.

During the past 9 years, Fuse Group Holding's highest 3-Year average Total Assets Growth Rate was 612.70%. The lowest was -70.10%. And the median was -49.35%.

Total Assets is connected with ROA %. Fuse Group Holding's annualized ROA % for the quarter that ended in Mar. 2024 was -88.89%. Total Assets is also linked to Revenue through Asset Turnover. Fuse Group Holding's Asset Turnover for the quarter that ended in Mar. 2024 was 1.31.

Fuse Group Holding Total Assets Historical Data

The historical data trend for Fuse Group Holding'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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Fuse Group Holding Total Assets Chart

Fuse Group Holding Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Total Assets

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1.11

1.24

0.17

0.11

0.07

Fuse Group Holding 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															0.09	0.08	0.07	0.09	0.06

Fuse Group Holding 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.

Fuse Group Holding's Total Assets for the fiscal year that ended in Sep. 2023 is calculated as

Total Assets	=	Total Equity (A: Sep. 2023 )	+	Total Liabilities (A: Sep. 2023 )
	=	-0.178	+	0.25
	=	0.07

Fuse Group Holding'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 )
	=	-0.258	+	0.32
	=	0.06

Fuse Group Holding (OTCPK:FUST) Total Assets Explanation

Total Assets is connected with ROA %.

Fuse Group Holding'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 )
	=	-0.068	/	( (0.091	+	0.062)	/ 2 )
	=	-0.068	/	0.0765
	=	-88.89 %

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.

Fuse Group Holding'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 )
=	0.1	/	( (0.091	+	0.062)	/ 2 )
=	0.1	/	0.0765
=	1.31

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.

Fuse Group Holding Total Assets Related Terms

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Fuse Group Holding (Fuse Group Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Fuse Group Holding Inc (OTCPK:FUST) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

805 West, Duarte Road, Suite 102, Arcadia, CA, USA, 91007

Website

https://www.fuseholding.com

Fuse Group Holding Inc provides consulting services to mining industry clients to find acquisition targets within the parameters set by the clients when the mine owner is considering selling its mining rights. The services of Fuse Group include due diligence on the potential mine seller and the mine, such as ownership of the mine and whether the mine meets all operational requirements and is currently in operation. Currently, the Company also seeks business opportunities in the biotech area.

Executives

Michael J Viotto	director, officer: Chief Finanical Officer	444 E. HUNTINGTON DR., SUITE 105, ARCADIA CA 91006
Umesh Patel	director, officer: CEO, President	6565 E. WASHINGTON BLVD, C/O NOVA LIFESTYLE, INC., COMMERCE CA 90040
Landbond Home Ltd	10 percent owner	UNIT-B, 19/F HILLER COMMERCIAL BLDG, 89-91 WING LOK STREET, SHEUNG WAN K3 000000000

Fuse Group Holding (Fuse Group Holding) Headlines

From GuruFocus

Fuse Group Holding Inc. Entered into Letter of Intent to Acquire E-Mo Biotech Holding Inc.

By Marketwired Marketwired • 02-11-2021