ARCpoint (TSXV:ARC) Total Assets : C$7.85 Mil (As of Mar. 2024)

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What is ARCpoint Total Assets?

ARCpoint's Total Assets for the quarter that ended in Mar. 2024 was C$7.85 Mil.

During the past 12 months, ARCpoint's average Total Assets Growth Rate was -41.00% per year. During the past 3 years, the average Total Assets Growth Rate was -3.90% per year.

During the past 5 years, ARCpoint's highest 3-Year average Total Assets Growth Rate was 43.90%. The lowest was -3.90%. And the median was 20.00%.

Total Assets is connected with ROA %. ARCpoint's annualized ROA % for the quarter that ended in Mar. 2024 was -94.20%. Total Assets is also linked to Revenue through Asset Turnover. ARCpoint's Asset Turnover for the quarter that ended in Mar. 2024 was 0.26.

ARCpoint Total Assets Historical Data

The historical data trend for ARCpoint'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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ARCpoint Total Assets Chart

ARCpoint Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

4.21

11.56

18.16

20.55

9.06

ARCpoint Quarterly Data
	Dec20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial								18.78	15.12	13.18	9.06	7.85

ARCpoint 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.

ARCpoint'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 )
	=	-13.934	+	22.99
	=	9.06

ARCpoint'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 )
	=	-14.576	+	22.428
	=	7.85

ARCpoint (TSXV:ARC) Total Assets Explanation

Total Assets is connected with ROA %.

ARCpoint'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 )
	=	-7.964	/	( (9.057	+	7.852)	/ 2 )
	=	-7.964	/	8.4545
	=	-94.20 %

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.

ARCpoint'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 )
=	2.183	/	( (9.057	+	7.852)	/ 2 )
=	2.183	/	8.4545
=	0.26

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.

ARCpoint Total Assets Related Terms

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ARCpoint (TSXV:ARC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » ARCpoint Inc (TSXV:ARC) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

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Address

101 North Main Street, Suite 301, Greenville, SC, USA, 29601

Website

https://www.arcpointlabs.com

ARCpoint Inc is a US-based franchise system providing drug testing, alcohol screening, DNA and clinical lab testing, corporate wellness programs, and employment and background screening, among other services. The platform also digitalizes and streamlines administrative functions such as materials purchasing, compliance, billing, and physician services for ARCpoint franchise labs and other clients.