Quest Patent Research (Quest Patent Research) Total Assets : $8.35 Mil (As of Mar. 2024)

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What is Quest Patent Research Total Assets?

Quest Patent Research's Total Assets for the quarter that ended in Mar. 2024 was $8.35 Mil.

During the past 12 months, Quest Patent Research's average Total Assets Growth Rate was 76.70% per year. During the past 3 years, the average Total Assets Growth Rate was 27.50% per year. During the past 5 years, the average Total Assets Growth Rate was -0.10% per year. During the past 10 years, the average Total Assets Growth Rate was 51.40% per year.

During the past 13 years, Quest Patent Research's highest 3-Year average Total Assets Growth Rate was 679.30%. The lowest was -61.80%. And the median was -4.70%.

Total Assets is connected with ROA %. Quest Patent Research's annualized ROA % for the quarter that ended in Mar. 2024 was -22.05%. Total Assets is also linked to Revenue through Asset Turnover. Quest Patent Research's Asset Turnover for the quarter that ended in Mar. 2024 was 0.13.

Quest Patent Research Total Assets Historical Data

The historical data trend for Quest Patent Research'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.

Quest Patent Research Total Assets Chart

Quest Patent Research Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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5.16

3.49

0.82

1.23

7.28

Quest Patent Research 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															4.42	4.20	4.54	7.28	8.35

Quest Patent Research 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.

Quest Patent Research'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 )
	=	-6.236	+	13.517
	=	7.28

Quest Patent Research'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 )
	=	-6.661	+	15.013
	=	8.35

Quest Patent Research (OTCPK:QPRC) Total Assets Explanation

Total Assets is connected with ROA %.

Quest Patent Research'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 )
	=	-1.724	/	( (7.282	+	8.352)	/ 2 )
	=	-1.724	/	7.817
	=	-22.05 %

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.

Quest Patent Research'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 )
=	1.045	/	( (7.282	+	8.352)	/ 2 )
=	1.045	/	7.817
=	0.13

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.

Quest Patent Research Total Assets Related Terms

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Quest Patent Research (Quest Patent Research) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Quest Patent Research Corp (OTCPK:QPRC) » Definitions » Total Assets

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Traded in Other Exchanges

N/A

Address

411 Theodore Fremd Avenue, Suite 206S, Rye, NY, USA, 10580-1411

Website

https://www.qprc.com

Quest Patent Research Corp is an intellectual property asset management company. The company is engaged in the development, acquisition, licensing and enforcement of intellectual property rights. Its intellectual property portfolios consist of mobile data, online marketing, sweepstakes, promotions, and rewards, flexible packaging, universal financial data system, rich media, anchor structure portfolio, power management/bus control portfolio, and diode on-chip portfolio. The company has two segments namely intellectual property licensing and licensed packaging sales. It generates revenue from patent licensing fees, management fees, and licensed packaging sales.

Executives

Timothy J Scahill	director	472 WHITING ROAD, WEBSTER NY 14580
William Ryall Carroll	director	242 WEST 104TH ST, APT 6ER, NEW YORK NY 10025
Robert Christopher Paladino	director	7811 VALENCIA COURT, NAPLES FL 34113
Jon Charles Scahill	director, officer: President & COO	24 GREENHAVEN RD., RYE NY 10580-1018