Richco Investors (TSXV:RII.H) Total Assets : C$0.01 Mil (As of Dec. 2023)

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What is Richco Investors Total Assets?

Richco Investors's Total Assets for the quarter that ended in Dec. 2023 was C$0.01 Mil.

During the past 12 months, Richco Investors's average Total Assets Growth Rate was 50.00% per year. During the past 3 years, the average Total Assets Growth Rate was -79.10% per year. During the past 5 years, the average Total Assets Growth Rate was -46.10% per year. During the past 10 years, the average Total Assets Growth Rate was 11.40% per year.

During the past 13 years, Richco Investors's highest 3-Year average Total Assets Growth Rate was 588.90%. The lowest was -80.80%. And the median was -26.30%.

Total Assets is connected with ROA %. Richco Investors's annualized ROA % for the quarter that ended in Dec. 2023 was -228.57%. Total Assets is also linked to Revenue through Asset Turnover. Richco Investors's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Richco Investors Total Assets Historical Data

The historical data trend for Richco Investors'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.

* Premium members only.

Richco Investors Total Assets Chart

Richco Investors Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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0.29

0.42

0.07

0.04

0.01

Richco Investors Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial															0.04	0.04	0.02	0.01	0.01

Richco Investors 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.

Richco Investors'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 )
	=	-0.277	+	0.285
	=	0.01

Richco Investors's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	-0.277	+	0.285
	=	0.01

Richco Investors (TSXV:RII.H) Total Assets Explanation

Total Assets is connected with ROA %.

Richco Investors's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	-0.024	/	( (0.013	+	0.008)	/ 2 )
	=	-0.024	/	0.0105
	=	-228.57 %

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

Richco Investors's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	0	/	( (0.013	+	0.008)	/ 2 )
=	0	/	0.0105
=	0.00

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.

Richco Investors Total Assets Related Terms

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Richco Investors (TSXV:RII.H) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Richco Investors Inc (TSXV:RII.H) » Definitions » Total Assets

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Traded in Other Exchanges

RII.K:Canada

Address

3882 Lawrence Place, North Vancouver, Vancouver, BC, CAN, V7K 2X2

Website

www.richcoinvestors.com

Richco Investors Inc is a Canada-based company that provides financial, management, and other administrative services to early development-stage businesses. The principal objective of the company is long-term wealth creation by creating or helping businesses to fulfill their potential through strategic planning, capital infusion, and corporate restructuring.

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