Redishred Capital (Redishred Capital) Total Assets : $70.83 Mil (As of Dec. 2023)

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What is Redishred Capital Total Assets?

Redishred Capital's Total Assets for the quarter that ended in Dec. 2023 was $70.83 Mil.

Warning Sign:

If a company builds assets at 34% a year, faster than its revenue growth rate of 24.6% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Redishred Capital's average Total Assets Growth Rate was 0.30% per year. During the past 3 years, the average Total Assets Growth Rate was 17.90% per year. During the past 5 years, the average Total Assets Growth Rate was 34.00% per year. During the past 10 years, the average Total Assets Growth Rate was 34.20% per year.

During the past 13 years, Redishred Capital's highest 3-Year average Total Assets Growth Rate was 283.50%. The lowest was -2.70%. And the median was 16.45%.

Total Assets is connected with ROA %. Redishred Capital's annualized ROA % for the quarter that ended in Dec. 2023 was -5.67%. Total Assets is also linked to Revenue through Asset Turnover. Redishred Capital's Asset Turnover for the quarter that ended in Dec. 2023 was 0.18.

Redishred Capital Total Assets Historical Data

The historical data trend for Redishred Capital'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.

Redishred Capital Total Assets Chart

Redishred Capital Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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40.83

45.82

61.98

72.00

70.83

Redishred Capital Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial															72.00	70.26	70.82	72.39	70.83

Redishred Capital 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.

Redishred Capital'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 )
	=	35.13	+	35.704
	=	70.83

Redishred Capital'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 )
	=	35.13	+	35.704
	=	70.83

Redishred Capital (OTCPK:RDCPF) Total Assets Explanation

Total Assets is connected with ROA %.

Redishred Capital's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	-4.06	/	( (72.392	+	70.834)	/ 2 )
	=	-4.06	/	71.613
	=	-5.67 %

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

Redishred Capital's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	12.534	/	( (72.392	+	70.834)	/ 2 )
=	12.534	/	71.613
=	0.18

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.

Redishred Capital Total Assets Related Terms

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Redishred Capital (Redishred Capital) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Redishred Capital Corp (OTCPK:RDCPF) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

KUT:Canada

Address

2233 Argentia Road, Suite 202, Mississauga, ON, CAN, L5N 2X7

Website

https://www.proshred.com

Redishred Capital Corp is a company that manages and operates the Proshred brand and business platform in the United States and internationally. It operates the Proshred system under two business models, via franchising in the United States, and via direct ownership of shredding trucks and facilities in eight locations in the United States. The operating segments of the company are (1) the granting and managing of shredding business franchises under the "Proshred" trademark (Franchising and licensing), (2) the operation of the corporately owned shredding business (Corporate locations) and (3) supporting the franchises and corporately owned shredding businesses (Corporate).