Thinkific Labs (TSX:THNC) Total Assets : C$131.35 Mil (As of Mar. 2024)

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What is Thinkific Labs Total Assets?

Thinkific Labs's Total Assets for the quarter that ended in Mar. 2024 was C$131.35 Mil.

During the past 12 months, Thinkific Labs's average Total Assets Growth Rate was 12.10% per year. During the past 3 years, the average Total Assets Growth Rate was 44.70% per year.

During the past 6 years, Thinkific Labs's highest 3-Year average Total Assets Growth Rate was 67.00%. The lowest was 44.70%. And the median was 55.85%.

Total Assets is connected with ROA %. Thinkific Labs's annualized ROA % for the quarter that ended in Mar. 2024 was -4.41%. Total Assets is also linked to Revenue through Asset Turnover. Thinkific Labs's Asset Turnover for the quarter that ended in Mar. 2024 was 0.16.

Thinkific Labs Total Assets Historical Data

The historical data trend for Thinkific Labs'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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Thinkific Labs Total Assets Chart

Thinkific Labs Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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7.52

16.57

169.48

139.89

131.20

Thinkific Labs Quarterly Data
	Dec18	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														133.20	128.89	131.58	131.20	131.35

Thinkific Labs 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.

Thinkific Labs'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 )
	=	109.931	+	21.271
	=	131.20

Thinkific Labs'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 )
	=	106.718	+	24.636
	=	131.35

Thinkific Labs (TSX:THNC) Total Assets Explanation

Total Assets is connected with ROA %.

Thinkific Labs'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 )
	=	-5.788	/	( (131.202	+	131.353)	/ 2 )
	=	-5.788	/	131.2775
	=	-4.41 %

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.

Thinkific Labs'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 )
=	21.609	/	( (131.202	+	131.353)	/ 2 )
=	21.609	/	131.2775
=	0.16

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.

Thinkific Labs Total Assets Related Terms

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Thinkific Labs (TSX:THNC) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Thinkific Labs Inc (TSX:THNC) » Definitions » Total Assets

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THNCF:USA 5S0:Germany

Address

369 Terminal Ave, Suite 400, Vancouver, BC, CAN, V6A 4C4

Website

https://www.thinkific.com

Thinkific Labs Inc is a cloud-based software platform. The Company's primary business activity is to provide a platform that helps entrepreneurs and established businesses to scale and generate revenue by teaching what they know. The Company's platform provides its Creators with the functionality needed to launch, grow, and diversify their businesses by creating and selling learning products composed of customized courses, communities, membership sites, and other experiences that our Creators can create, sell and deliver using the Company's Platform.

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