Reliant Holdings (Reliant Holdings) Total Assets : $0.82 Mil (As of Mar. 2024)

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What is Reliant Holdings Total Assets?

Reliant Holdings's Total Assets for the quarter that ended in Mar. 2024 was $0.82 Mil.

Warning Sign:

If a company builds assets at 89.6% a year, faster than its revenue growth rate of 13.2% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Reliant Holdings's average Total Assets Growth Rate was 23.10% per year. During the past 3 years, the average Total Assets Growth Rate was 54.80% per year. During the past 5 years, the average Total Assets Growth Rate was 89.60% per year.

During the past 8 years, Reliant Holdings's highest 3-Year average Total Assets Growth Rate was 165.50%. The lowest was -24.00%. And the median was 54.80%.

Total Assets is connected with ROA %. Reliant Holdings's annualized ROA % for the quarter that ended in Mar. 2024 was 59.59%. Total Assets is also linked to Revenue through Asset Turnover. Reliant Holdings's Asset Turnover for the quarter that ended in Mar. 2024 was 0.69.

Reliant Holdings Total Assets Historical Data

The historical data trend for Reliant Holdings'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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Reliant Holdings Total Assets Chart

Reliant Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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0.31

0.34

0.47

0.75

0.85

Reliant Holdings 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															0.78	0.52	0.70	0.85	0.82

Reliant Holdings 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.

Reliant Holdings'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 )
	=	0.177	+	0.677
	=	0.85

Reliant Holdings'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 )
	=	0.303	+	0.522
	=	0.83

Reliant Holdings (OTCPK:RELT) Total Assets Explanation

Total Assets is connected with ROA %.

Reliant Holdings'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 )
	=	0.5	/	( (0.854	+	0.824)	/ 2 )
	=	0.5	/	0.839
	=	59.59 %

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.

Reliant Holdings'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 )
=	0.576	/	( (0.854	+	0.824)	/ 2 )
=	0.576	/	0.839
=	0.69

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.

Reliant Holdings Total Assets Related Terms

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Reliant Holdings (Reliant Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Reliant Holdings Inc (OTCPK:RELT) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

12343 Hymeadow Drive, Suite 3-A, Austin, TX, USA, 78750

Website

https://reliantholdingsinc.com

Reliant Holdings Inc, through its subsidiary, is involved in assisting customers with the design of, and then construction, recreational pools that blend in with the surroundings, geometric pools that complement the home's architecture and water features. The company builds Freeform Pool and Geometric Pool, concrete pools, and in-ground residential swimming pools. It also offers cleaning, treating, maintenance, and repair services to pools and spas.

Executives

Miguel Chavez	10 percent owner	10012 BARBROOK DR, AUSTIN TX 78726
Elijah May	director, 10 percent owner, officer: President, CEO and COO	8400 JAMESTOWN DR. UNIT 422, AUSTIN TX 78758
Rebecca Spohn Donovan	10 percent owner	6501 SAN ANTONIO DR. NE #2403, ALBUQUERQUE NM 87109

Reliant Holdings (Reliant Holdings) Headlines

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