Innerscope Hearing Technologies (Innerscope Hearing Technologies) Total Assets : $1.68 Mil (As of Dec. 2020)

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What is Innerscope Hearing Technologies Total Assets?

Innerscope Hearing Technologies's Total Assets for the quarter that ended in Dec. 2020 was $1.68 Mil.

Total Assets is connected with ROA %. Innerscope Hearing Technologies's annualized ROA % for the quarter that ended in Dec. 2020 was -133.30%. Total Assets is also linked to Revenue through Asset Turnover. Innerscope Hearing Technologies's Asset Turnover for the quarter that ended in Dec. 2020 was 0.01.

Innerscope Hearing Technologies Total Assets Historical Data

The historical data trend for Innerscope Hearing Technologies'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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Innerscope Hearing Technologies Total Assets Chart

Innerscope Hearing Technologies Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Total Assets

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0.66

1.51

2.89

3.18

1.68

Innerscope Hearing Technologies Quarterly Data
	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20
Total Assets	Get a 7-Day Free Trial															3.18	3.00	2.87	2.79	1.68

Innerscope Hearing Technologies 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.

Innerscope Hearing Technologies's Total Assets for the fiscal year that ended in Dec. 2020 is calculated as

Total Assets	=	Total Equity (A: Dec. 2020 )	+	Total Liabilities (A: Dec. 2020 )
	=	-10.353	+	12.036
	=	1.68

Innerscope Hearing Technologies's Total Assets for the quarter that ended in Dec. 2020 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2020 )	+	Total Liabilities (Q: Dec. 2020 )
	=	-10.353	+	12.036
	=	1.68

Innerscope Hearing Technologies (OTCPK:INND) Total Assets Explanation

Total Assets is connected with ROA %.

Innerscope Hearing Technologies's annualized ROA % for the quarter that ended in Dec. 2020 is

ROA %	=	Net Income (Q: Dec. 2020 )	/	( (Total Assets (Q: Sep. 2020 )	+	Total Assets (Q: Dec. 2020 ))	/ count )
	=	-2.98	/	( (2.788	+	1.683)	/ 2 )
	=	-2.98	/	2.2355
	=	-133.30 %

Note: The Net Income data used here is four times the quarterly (Dec. 2020) 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.

Innerscope Hearing Technologies's Asset Turnover for the quarter that ended in Dec. 2020 is

	Asset Turnover
=	Revenue (Q: Dec. 2020 )	/	( (Total Assets (Q: Sep. 2020 )	+	Total Assets (Q: Dec. 2020 ))	/ count )
=	0.022	/	( (2.788	+	1.683)	/ 2 )
=	0.022	/	2.2355
=	0.01

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.

Innerscope Hearing Technologies Total Assets Related Terms

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Innerscope Hearing Technologies (Innerscope Hearing Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Innerscope Hearing Technologies Inc (OTCPK:INND) » Definitions » Total Assets

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Address

2151 Professional Drive, Second Floor, Roseville, CA, USA, 95661

Website

https://www.innd.com

Innerscope Hearing Technologies Inc is a manufacturer and a DTC distributor/retailer of FDA-registered hearing aids, personal sound amplifier products, hearing-related treatment therapies, doctor-formulated dietary hearing supplements, and proprietary CDB oil for treating tinnitus. It also owns and operates audiological and retail hearing device clinics and plans to continue to open and acquire additional clinics. The company operates retail hearing device clinics in California.