Drone Delivery Canada (TSXV:FLT) Total Assets : C$8.73 Mil (As of Mar. 2024)

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What is Drone Delivery Canada Total Assets?

Drone Delivery Canada's Total Assets for the quarter that ended in Mar. 2024 was C$8.73 Mil.

During the past 12 months, Drone Delivery Canada's average Total Assets Growth Rate was -44.20% per year. During the past 3 years, the average Total Assets Growth Rate was -20.60% per year. During the past 5 years, the average Total Assets Growth Rate was -2.70% per year. During the past 10 years, the average Total Assets Growth Rate was 28.60% per year.

During the past 13 years, Drone Delivery Canada's highest 3-Year average Total Assets Growth Rate was 247.60%. The lowest was -57.30%. And the median was 10.20%.

Total Assets is connected with ROA %. Drone Delivery Canada's annualized ROA % for the quarter that ended in Mar. 2024 was -73.80%. Total Assets is also linked to Revenue through Asset Turnover. Drone Delivery Canada's Asset Turnover for the quarter that ended in Mar. 2024 was 0.01.

Drone Delivery Canada Total Assets Historical Data

The historical data trend for Drone Delivery Canada'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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Drone Delivery Canada Total Assets Chart

Drone Delivery Canada Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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17.71

29.37

32.96

19.75

10.33

Drone Delivery Canada 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															17.37	14.54	13.21	10.33	8.73

Drone Delivery Canada 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.

Drone Delivery Canada'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 )
	=	9.114	+	1.22
	=	10.33

Drone Delivery Canada'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 )
	=	7.365	+	1.367
	=	8.73

Drone Delivery Canada (TSXV:FLT) Total Assets Explanation

Total Assets is connected with ROA %.

Drone Delivery Canada'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 )
	=	-7.036	/	( (10.334	+	8.733)	/ 2 )
	=	-7.036	/	9.5335
	=	-73.80 %

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.

Drone Delivery Canada'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 )
=	0.104	/	( (10.334	+	8.733)	/ 2 )
=	0.104	/	9.5335
=	0.01

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.

Drone Delivery Canada Total Assets Related Terms

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Drone Delivery Canada (TSXV:FLT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Drone Delivery Canada Corp (TSXV:FLT) » Definitions » Total Assets

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TAKOF:USA ABBA:Germany

Address

6-6221 Highway 7, Vaughan, ON, CAN, L4H 0K8

Website

https://www.dronedeliverycanada.com

Drone Delivery Canada Corp is a developmental technology company. It focuses on designing, developing, and implementing a commercially viable drone delivery system within Canadian geography. The company develops drone technology to provide retailers, service organizations, and government agencies a just in time delivery service. It provides a few service options such as Depot to Depot which is focused on rural applications providing services from warehouse to warehouse and Depot to consumer offering logistics services from a retailer and warehouse direct to a consumer's home or business location.

Executives

Michael Della Fortuna

Director

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