HS GovTech Solutions (XCNQ:HS) Total Assets : C$0.00 Mil (As of Jun. 2023)

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What is HS GovTech Solutions Total Assets?

HS GovTech Solutions's Total Assets for the quarter that ended in Jun. 2023 was C$0.00 Mil.

During the past 12 months, HS GovTech Solutions's average Total Assets Growth Rate was 41.70% per year. During the past 3 years, the average Total Assets Growth Rate was 24.50% per year. During the past 5 years, the average Total Assets Growth Rate was 19.60% per year.

During the past 9 years, HS GovTech Solutions's highest 3-Year average Total Assets Growth Rate was 24.50%. The lowest was -13.70%. And the median was 8.05%.

Total Assets is connected with ROA %. HS GovTech Solutions's annualized ROA % for the quarter that ended in Jun. 2023 was 0.00%. Total Assets is also linked to Revenue through Asset Turnover. HS GovTech Solutions's Asset Turnover for the quarter that ended in Jun. 2023 was 0.23.

HS GovTech Solutions Total Assets Historical Data

The historical data trend for HS GovTech Solutions'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.

HS GovTech Solutions Total Assets Chart

HS GovTech Solutions Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Dec21

Dec22

Total Assets

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4.89

5.32

6.26

8.67

11.19

HS GovTech Solutions Quarterly Data
	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Total Assets	Get a 7-Day Free Trial															10.82	9.74	11.19	11.87	-

HS GovTech Solutions 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.

HS GovTech Solutions'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 )
	=	4.632	+	6.56
	=	11.19

HS GovTech Solutions's Total Assets for the quarter that ended in Jun. 2023 is calculated as

Total Assets	=	Total Equity (Q: Jun. 2023 )	+	Total Liabilities (Q: Jun. 2023 )
	=	N/A	+	N/A
	=	N/A

HS GovTech Solutions (XCNQ:HS) Total Assets Explanation

Total Assets is connected with ROA %.

HS GovTech Solutions's annualized ROA % for the quarter that ended in Jun. 2023 is

ROA %	=	Net Income (Q: Jun. 2023 )	/	( (Total Assets (Q: Mar. 2023 )	+	Total Assets (Q: Jun. 2023 ))	/ count )
	=	0	/	( (11.869	+	0)	/ 1 )
	=	0	/	11.869
	=	0.00 %

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

HS GovTech Solutions's Asset Turnover for the quarter that ended in Jun. 2023 is

	Asset Turnover
=	Revenue (Q: Jun. 2023 )	/	( (Total Assets (Q: Mar. 2023 )	+	Total Assets (Q: Jun. 2023 ))	/ count )
=	2.71	/	( (11.869	+	0)	/ 1 )
=	2.71	/	11.869
=	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.

HS GovTech Solutions Total Assets Related Terms

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HS GovTech Solutions (XCNQ:HS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » HS GovTech Solutions Inc (XCNQ:HS) » Definitions » Total Assets

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Address

750 West Pender Street, Suite 303, Vancouver, BC, CAN, V6C 2T7

Website

https://www.hsgovtech.com

HS GovTech Solutions Inc is a provider of web-based and mobile solutions for health and safety regulatory agencies across North America. The solutions offered by the company include Environmental Health, Code Enforcement, Fire & Safety, Virtual Inspections, Payment Processing, Mobile Inspections, and Citizen Portal. The Company operates in one industry segment within two geographical areas: Canada and the United States of America.

HS GovTech Solutions (XCNQ:HS) Headlines

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