Free Flow (Free Flow) Total Assets : $0.45 Mil (As of Mar. 2024)

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What is Free Flow Total Assets?

Free Flow's Total Assets for the quarter that ended in Mar. 2024 was $0.45 Mil.

During the past 12 months, Free Flow's average Total Assets Growth Rate was -37.70% per year. During the past 3 years, the average Total Assets Growth Rate was -43.90% per year. During the past 5 years, the average Total Assets Growth Rate was -16.00% per year. During the past 10 years, the average Total Assets Growth Rate was 71.80% per year.

During the past 13 years, Free Flow's highest 3-Year average Total Assets Growth Rate was 549.50%. The lowest was -43.90%. And the median was 85.70%.

Total Assets is connected with ROA %. Free Flow's annualized ROA % for the quarter that ended in Mar. 2024 was 596.61%. Total Assets is also linked to Revenue through Asset Turnover. Free Flow's Asset Turnover for the quarter that ended in Mar. 2024 was 0.01.

Free Flow Total Assets Historical Data

The historical data trend for Free Flow'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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Free Flow Total Assets Chart

Free Flow Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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1.61

3.66

4.19

0.73

0.67

Free Flow 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															0.72	0.72	0.71	0.67	0.45

Free Flow 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.

Free Flow'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 )
	=	-2.016	+	2.689
	=	0.67

Free Flow'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 )
	=	-1.17	+	1.618
	=	0.45

Free Flow (OTCPK:FFLO) Total Assets Explanation

Total Assets is connected with ROA %.

Free Flow'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 )
	=	3.344	/	( (0.673	+	0.448)	/ 2 )
	=	3.344	/	0.5605
	=	596.61 %

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.

Free Flow'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 )
=	0.003	/	( (0.673	+	0.448)	/ 2 )
=	0.003	/	0.5605
=	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.

Free Flow Total Assets Related Terms

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Free Flow (Free Flow) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Free Flow Inc (OTCPK:FFLO) » Definitions » Total Assets

Traded in Other Exchanges

N/A

Address

6269 Caledon Road, King George, VA, USA, 22485

Website

https://www.freeflowplc.com

Free Flow Inc focuses on the business of used auto parts. It is engaged in disassembling salvaged automobiles and sells presorted automobile parts through a parts locator network. It also owns the formulation and trademark of an Aerosol named HYGIENiQ. It eliminates smoke odor, mold, and mildew and is useful in automobiles and home applications. It consists of multiple businesses which make up subsidiaries and divisions: Accurate Auto Parts, Inc; HYGIENIQ.COM; Motors and Metals, Inc.; and Citi Autos, Corp.

Executives

Sabir Saleem

director, 10 percent owner

2301 WOODLAND CROSSING DR., SUITE 155, HERNDON VA 20171