DriveItAway Holdings (DriveItAway Holdings) Total Assets : $0.23 Mil (As of Mar. 2024)

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What is DriveItAway Holdings Total Assets?

DriveItAway Holdings's Total Assets for the quarter that ended in Mar. 2024 was $0.23 Mil.

During the past 12 months, DriveItAway Holdings's average Total Assets Growth Rate was -18.50% per year.

Total Assets is connected with ROA %. DriveItAway Holdings's annualized ROA % for the quarter that ended in Mar. 2024 was -786.78%. Total Assets is also linked to Revenue through Asset Turnover. DriveItAway Holdings's Asset Turnover for the quarter that ended in Mar. 2024 was 0.37.

DriveItAway Holdings Total Assets Historical Data

The historical data trend for DriveItAway Holdings'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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DriveItAway Holdings Total Assets Chart

DriveItAway Holdings Annual Data

Trend

Sep21

Sep22

Sep23

Total Assets

0.03

0.29

0.23

DriveItAway Holdings Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial								0.29	0.25	0.23	0.26	0.23

DriveItAway Holdings 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.

DriveItAway Holdings's Total Assets for the fiscal year that ended in Sep. 2023 is calculated as

Total Assets	=	Total Equity (A: Sep. 2023 )	+	Total Liabilities (A: Sep. 2023 )
	=	-1.954	+	2.185
	=	0.23

DriveItAway Holdings'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 )
	=	-3.119	+	3.348
	=	0.23

DriveItAway Holdings (OTCPK:DWAY) Total Assets Explanation

Total Assets is connected with ROA %.

DriveItAway Holdings'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 )
	=	-1.904	/	( (0.255	+	0.229)	/ 2 )
	=	-1.904	/	0.242
	=	-786.78 %

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.

DriveItAway Holdings'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 )
=	0.089	/	( (0.255	+	0.229)	/ 2 )
=	0.089	/	0.242
=	0.37

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.

DriveItAway Holdings Total Assets Related Terms

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DriveItAway Holdings (DriveItAway Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » DriveItAway Holdings Inc (OTCPK:DWAY) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

3201 Market Street, Suite 200/201, Philadelphia, PA, USA, 10104

Website

https://www.driveitaway.com

DriveItAway Holdings Inc provides dealer focused mobility platform that enables car dealers to sell more vehicles in a seamless way through eCommerce, with its Pay as You Go app-based subscription program. DIA provides a comprehensive turn-key, solutions-driven program with proprietary mobile technology and driver app, insurance coverages, and training to get dealerships up and running quickly and profitably in emerging online sales opportunities.

Executives

Paul Patrizio	director, 10 percent owner	90 WASHINGTON VALLEY ROAD, BEDMINSTER NJ 07921
John Francis Possumato	director, 10 percent owner, officer: Chief Executive Officer	116 THIRD AVENUE, HADDON HEIGHTS NJ 08035
Adam Joseph Potash	director, 10 percent owner, officer: Chief Operating Officer	259-10, HILLSIDE AVENUE, APT. 6H, FLORAL PARK NY 11004
Aep Holdings Llc	10 percent owner	1 WHITE BUCK RUN, WARREN NJ 07059
Minds' Eye Innovations, Inc.	10 percent owner	259-10 HILLSIDE AVENUE, APT. 6H, FLORAL PARK NY 11004
Driveltaway Llc	10 percent owner	116 THIRD AVENUE, HADDON HEIGHTS NJ 08035
Zell Richard Gery Ii	director	8 GEARYS RIDGE RD, RINGOES NJ 08551
Christopher Rego	director	212 BELLEROSE DR., SAN JOSE CA 95128
Franventures, Llc	10 percent owner	796 CYPRESS CROSSING TRAIL, ST. AUGUSTINE FL 32095
Blake Furlow	director, 10 percent owner	2110 N WESTGATE, BOISE ID 83704
Bart Jay Mitchell	director	7853 N HILLIARD CT, COEUR D' ALENE ID 83815
Gary L Herman	director	720 FIFTH AVE, 10TH FLOOR, NEW YORK NY 10019
Karla Kretsch	officer: Chief Operating Officer	701 MARKET STREET, SUITE 113, ST. AUGUSTINE FL 32095
Christian Miller	officer: Chief Financial Officer	701 MARKET STREET, SUITE 113, ST. AUGUSTINE FL 32095
Joyann Kenny-charlton	director	194 TWINING BRIDGE ROAD, NEWTOWN PA 18940

DriveItAway Holdings (DriveItAway Holdings) Headlines

From GuruFocus

DriveItAway Micro-Lease App and Platform Now Available for Car Dealers with Credit Line Options Provided by Westlake Fleet

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