Guardforce AI Co (Guardforce AI Co) Total Assets : $45.82 Mil (As of Dec. 2023)

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What is Guardforce AI Co Total Assets?

Guardforce AI Co's Total Assets for the quarter that ended in Dec. 2023 was $45.82 Mil.

During the past 12 months, Guardforce AI Co's average Total Assets Growth Rate was -52.80% per year. During the past 3 years, the average Total Assets Growth Rate was -2.50% per year.

During the past 5 years, Guardforce AI Co's highest 3-Year average Total Assets Growth Rate was 17.80%. The lowest was -2.50%. And the median was 7.65%.

Total Assets is connected with ROA %. Guardforce AI Co's annualized ROA % for the quarter that ended in Dec. 2023 was -57.33%. Total Assets is also linked to Revenue through Asset Turnover. Guardforce AI Co's Asset Turnover for the quarter that ended in Dec. 2023 was 0.33.

Guardforce AI Co Total Assets Historical Data

The historical data trend for Guardforce AI Co'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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Guardforce AI Co Total Assets Chart

Guardforce AI Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

39.29

35.98

41.75

61.17

45.82

Guardforce AI Co Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial				41.75	68.81	61.17	64.10	45.82

Guardforce AI Co 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.

Guardforce AI Co'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 )
	=	25.153	+	20.662
	=	45.82

Guardforce AI Co's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	25.153	+	20.662
	=	45.82

Guardforce AI Co (NAS:GFAI) Total Assets Explanation

Total Assets is connected with ROA %.

Guardforce AI Co's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	-31.504	/	( (64.095	+	45.815)	/ 2 )
	=	-31.504	/	54.955
	=	-57.33 %

Note: The Net Income data used here is two times the semi-annual (Dec. 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.

Guardforce AI Co's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	17.867	/	( (64.095	+	45.815)	/ 2 )
=	17.867	/	54.955
=	0.33

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.

Guardforce AI Co Total Assets Related Terms

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Guardforce AI Co (Guardforce AI Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Guardforce AI Co Ltd (NAS:GFAI) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 Anson Road, No. 28-01, International Plaza, Singapore, SGP, 079903

Website

https://www.guardforceai.com

Guardforce AI Co Ltd is a provider of cash solutions and cash handling services located in Thailand. The company engages in the cash logistics business, and its services include cash-in-transit, or CIT, dedicated vehicles to banks, ATM management, cash center operations, cash processing, coin processing, cheque center, and cash deposit machine solutions (cash deposit management and express cash service). Its customers include local commercial banks, chain retailers, coin-manufacturing mints, and government authorities.