Global Tech Industries Group (Global Tech Industries Group) Total Assets : $1.28 Mil (As of Dec. 2023)

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What is Global Tech Industries Group Total Assets?

Global Tech Industries Group's Total Assets for the quarter that ended in Dec. 2023 was $1.28 Mil.

During the past 12 months, Global Tech Industries Group's average Total Assets Growth Rate was -99.90% per year. During the past 3 years, the average Total Assets Growth Rate was -57.80% per year.

During the past 13 years, Global Tech Industries Group's highest 3-Year average Total Assets Growth Rate was 116.50%. The lowest was -57.80%. And the median was -37.75%.

Total Assets is connected with ROA %. Global Tech Industries Group's annualized ROA % for the quarter that ended in Dec. 2023 was -746.88%. Total Assets is also linked to Revenue through Asset Turnover. Global Tech Industries Group's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Global Tech Industries Group Total Assets Historical Data

The historical data trend for Global Tech Industries Group'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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Global Tech Industries Group Total Assets Chart

Global Tech Industries Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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0.05

0.26

5.80

18.35

1.28

Global Tech Industries Group 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															18.35	19.30	19.03	17.87	1.28

Global Tech Industries Group 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.

Global Tech Industries Group'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 )
	=	-7.057	+	8.333
	=	1.28

Global Tech Industries Group'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 )
	=	-7.057	+	8.333
	=	1.28

Global Tech Industries Group (OTCPK:GTII) Total Assets Explanation

Total Assets is connected with ROA %.

Global Tech Industries Group'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 )
	=	-71.488	/	( (17.867	+	1.276)	/ 2 )
	=	-71.488	/	9.5715
	=	-746.88 %

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.

Global Tech Industries Group'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	/	( (17.867	+	1.276)	/ 2 )
=	0	/	9.5715
=	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.

Global Tech Industries Group Total Assets Related Terms

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Global Tech Industries Group (Global Tech Industries Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Global Tech Industries Group Inc (OTCPK:GTII) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

511 Sixth Avenue, Suite 800, New York, NY, USA, 10011

Website

https://www.gtii-us.com

Global Tech Industries Group Inc currently has no operations. It is seeking opportunities to utilize its intellectual properties and relationships with valued business associates.

Executives

David I Reichman	director, officer: CEO and President	511 AVENUE OF THE AMERICAS, SUITE 800, NEW YORK NY 10011
Frank Benintendo	director	11 SEAMAN COURT, OLD BRIDGE NJ 08857
Don Harold Gilbert	director	PO BOX 090122, STATEN ISLAND NY 10309
Kathy M Griffin	director, officer: President	98 BLACK ROCK DRIVE, HINGHAM MA 02043
Global Tech Industries Group, Inc.	director, 10 percent owner, officer: Chief Executive Officer	511 SIXTH AVENUE, SUITE 800, NEW YORK NY 10011
Tree Top Industries, Inc. Profit Sharing Plan Trust	other: Employee Trust	40 CENTRAL PARK SOUTH, 8H, NEW YORK NY 10019
Robert Hantman	director	511 SIXTH AVENUE, SUITE 800, NEW YORK NY 10011
Michael Valle	director	511 AVENUE OF THE AMERICAS, SUITE 800, NEW YORK NY 10011
L G Davis	10 percent owner	511 AVENUE OF THE AMERICAS, SUITE 800, NEW YORK NY 10011
Justine Reichman	10 percent owner	511 AVENUE OF THE AMERICAS, SUITE 800, NEW YORK NY 10011
Trisha Woods	10 percent owner, officer: President of Wholly-Owned Sub.	1041 N. FORMOSA AVE., WRITERS' BLDG 2 & 3, WEST HOLLYWOOD CA 90046
James Black	10 percent owner	1041 N. FORMOSA AVE., WRITERS' BLDG 2 & 3, WEST HOLLYWOOD CA 90046