Accredited Solutions (Accredited Solutions) Total Assets : $0.60 Mil (As of Sep. 2023)

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What is Accredited Solutions Total Assets?

Accredited Solutions's Total Assets for the quarter that ended in Sep. 2023 was $0.60 Mil.

During the past 12 months, Accredited Solutions's average Total Assets Growth Rate was -1.60% per year. During the past 3 years, the average Total Assets Growth Rate was 42.00% per year.

During the past 13 years, Accredited Solutions's highest 3-Year average Total Assets Growth Rate was 42.00%. The lowest was 42.00%. And the median was 42.00%.

Total Assets is connected with ROA %. Accredited Solutions's annualized ROA % for the quarter that ended in Sep. 2023 was -178.65%. Total Assets is also linked to Revenue through Asset Turnover. Accredited Solutions's Asset Turnover for the quarter that ended in Sep. 2023 was 0.29.

Accredited Solutions Total Assets Historical Data

The historical data trend for Accredited 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.

Accredited Solutions Total Assets Chart

Accredited Solutions Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Total Assets

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0.33

2.01

0.02

0.82

Accredited Solutions 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															0.69	0.82	0.74	0.52	0.60

Accredited 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.

Accredited 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 )
	=	-3.875	+	4.69
	=	0.82

Accredited Solutions'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 )
	=	-5.623	+	6.226
	=	0.60

Accredited Solutions (OTCPK:ASII) Total Assets Explanation

Total Assets is connected with ROA %.

Accredited Solutions'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 )
	=	-1.004	/	( (0.522	+	0.602)	/ 2 )
	=	-1.004	/	0.562
	=	-178.65 %

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.

Accredited Solutions'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 )
=	0.165	/	( (0.522	+	0.602)	/ 2 )
=	0.165	/	0.562
=	0.29

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.

Accredited Solutions Total Assets Related Terms

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Accredited Solutions (Accredited Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Accredited Solutions Inc (OTCPK:ASII) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

20311 Chartwell Center Drive, Suite 1469, Cornelius, NC, USA, 28031

Website

https://www.goodhemplivin.com

Accredited Solutions Inc formerly Good Hemp Inc is engaged in a hemp-derived CBD-infused line of consumer beverages sold under the Good Hemp brand. The company's current products include high-alkaline water products, hemp-based beverage products under the Good Hemp brand, and CBD softgels under the Good Hemp Wellness brand. Good Hemp products include two lines of hemp-based beverages. Good Hemp 2oh!, CANNA HEMP and CANNA are a line-up of refreshing, all-natural, good-for-you, ready-to-drink waters in six flavors: blueberry-blast, island coco-lime, kiwi-strawberry, lemon-twist, mango-fandango and Q-cumbermint. Good Hemp fizz is a line-up of carbonated refreshing, all-natural, good-for-you, ready-to-drink carbonated beverages in three flavors: blueberry-bam, mango-tango and citrus-twist.

Executives

Alessi William Rosario Jr	director, officer: Chief Executive Officer	20311 CHARTWELL CENTER DR., STE. 1469, CORNELIUS NC 28031
Christopher Phillip Chumas	director	7018 BROOKSTONE LANE, INDIAN LAND SC 29707
Daniel M. Ferris	director, 10 percent owner, officer: President, Sec'y & Treasurer	98 REDCLIFFE GARDEN, FLAT 3, LONDON X0 SW109HH
John Graham Rhoden	10 percent owner	15 VICTORIAN CRESCENT, TOWN MOOR, SOUTH YORKSHIRE, DONCASTER X0 DN2 58P