ATI Airtest Technologies (TSXV:AAT) Total Assets : C$1.30 Mil (As of Sep. 2023)

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What is ATI Airtest Technologies Total Assets?

ATI Airtest Technologies's Total Assets for the quarter that ended in Sep. 2023 was C$1.30 Mil.

During the past 12 months, ATI Airtest Technologies's average Total Assets Growth Rate was -7.60% per year. During the past 3 years, the average Total Assets Growth Rate was 37.90% per year. During the past 5 years, the average Total Assets Growth Rate was 27.50% per year. During the past 10 years, the average Total Assets Growth Rate was 2.70% per year.

During the past 13 years, ATI Airtest Technologies's highest 3-Year average Total Assets Growth Rate was 37.90%. The lowest was -32.50%. And the median was -0.60%.

Total Assets is connected with ROA %. ATI Airtest Technologies's annualized ROA % for the quarter that ended in Sep. 2023 was -41.13%. Total Assets is also linked to Revenue through Asset Turnover. ATI Airtest Technologies's Asset Turnover for the quarter that ended in Sep. 2023 was 0.23.

ATI Airtest Technologies Total Assets Historical Data

The historical data trend for ATI Airtest 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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ATI Airtest Technologies Total Assets Chart

ATI Airtest Technologies Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Total Assets

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0.49

0.63

0.62

1.11

1.67

ATI Airtest Technologies Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Total Assets	Get a 7-Day Free Trial															1.42	1.67	1.64	1.47	1.30

ATI Airtest 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.

ATI Airtest Technologies's Total Assets for the fiscal year that ended in Dec. 2022 is calculated as

Total Assets	=	Total Equity (A: Dec. 2022 )	+	Total Liabilities (A: Dec. 2022 )
	=	-4.431	+	6.1
	=	1.67

ATI Airtest Technologies's Total Assets for the quarter that ended in Sep. 2023 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2023 )	+	Total Liabilities (Q: Sep. 2023 )
	=	-4.322	+	5.619
	=	1.30

ATI Airtest Technologies (TSXV:AAT) Total Assets Explanation

Total Assets is connected with ROA %.

ATI Airtest Technologies's annualized ROA % for the quarter that ended in Sep. 2023 is

ROA %	=	Net Income (Q: Sep. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
	=	-0.568	/	( (1.465	+	1.297)	/ 2 )
	=	-0.568	/	1.381
	=	-41.13 %

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

ATI Airtest Technologies's Asset Turnover for the quarter that ended in Sep. 2023 is

	Asset Turnover
=	Revenue (Q: Sep. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
=	0.313	/	( (1.465	+	1.297)	/ 2 )
=	0.313	/	1.381
=	0.23

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.

ATI Airtest Technologies Total Assets Related Terms

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ATI Airtest Technologies (TSXV:AAT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » ATI Airtest Technologies Inc (TSXV:AAT) » Definitions » Total Assets

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AATGF:USA

Address

1520 Cliveden Avenue, Unit 9, Delta, BC, CAN, V3M 6J8

Website

https://www.airtesttechnologies.com

ATI Airtest Technologies Inc is engaged in the manufacturing and selling of air testing equipment and related services in Canada and the United States. Its product offering includes WiFi Transmitters, Portables/Data Logging, EnOcean Transmitters, CO2 Demand Controlled Ventilation, Parking Garage Ventilation, Air Velocity, Agriculture, Gases For Health and Safety, Industrial Dew Point, Industrial Humidity and Temp, Moisture In Oil and Calibration. The company generates a majority of its revenue from the United States.

Executives

Theodore Harry Konyi

Director, Senior Officer