Innovative Payment Solutions (Innovative Payment Solutions) Total Assets : $0.90 Mil (As of Mar. 2024)

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What is Innovative Payment Solutions Total Assets?

Innovative Payment Solutions's Total Assets for the quarter that ended in Mar. 2024 was $0.90 Mil.

During the past 12 months, Innovative Payment Solutions's average Total Assets Growth Rate was -61.00% per year. During the past 3 years, the average Total Assets Growth Rate was 97.50% per year. During the past 5 years, the average Total Assets Growth Rate was 10.80% per year.

During the past 11 years, Innovative Payment Solutions's highest 3-Year average Total Assets Growth Rate was 97.50%. The lowest was -58.40%. And the median was 8.60%.

Total Assets is connected with ROA %. Innovative Payment Solutions's annualized ROA % for the quarter that ended in Mar. 2024 was -155.58%. Total Assets is also linked to Revenue through Asset Turnover. Innovative Payment Solutions's Asset Turnover for the quarter that ended in Mar. 2024 was 0.00.

Innovative Payment Solutions Total Assets Historical Data

The historical data trend for Innovative Payment 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.

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Innovative Payment Solutions Total Assets Chart

Innovative Payment Solutions Annual Data

Trend

Oct14

Oct15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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1.08

0.19

6.72

2.75

0.81

Innovative Payment Solutions 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															2.44	1.85	0.80	0.81	0.90

Innovative Payment 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.

Innovative Payment Solutions'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 )
	=	-7.578	+	8.383
	=	0.80

Innovative Payment Solutions'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 )
	=	-7.668	+	8.564
	=	0.90

Innovative Payment Solutions (OTCPK:IPSI) Total Assets Explanation

Total Assets is connected with ROA %.

Innovative Payment Solutions'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 )
	=	-1.324	/	( (0.805	+	0.897)	/ 2 )
	=	-1.324	/	0.851
	=	-155.58 %

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.

Innovative Payment Solutions'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	/	( (0.805	+	0.897)	/ 2 )
=	0	/	0.851
=	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.

Innovative Payment Solutions Total Assets Related Terms

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Innovative Payment Solutions (Innovative Payment Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Innovative Payment Solutions Inc (OTCPK:IPSI) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

56B 5th Street, Lot 1, Suite AT, Carmel by the Sea, CA, USA, 93921

Website

https://www.ipsipay.com

Innovative Payment Solutions Inc provides an integrated network of kiosks, terminals, and payment channels that enable consumers to deposit cash, convert it into a digital form, and remit the funds to any merchant in its network quickly and securely.

Executives

Richard Rosenblum	10 percent owner, other: President and CFO	19 HORIZON DRIVE, WAYNE NJ 07470
David F Rios	director	14924 DIDUCA WAY, LOS GATOS CA 95032
Clifford W. Henry	director	PO BOX 1148, ZEPHYR COVE NV 89449-1148
Madisson Gracee Corbett	director	19355 BUSINESS CENTER DRIVE., #9, NORTHRIDGE CA 91324
James W Fuller	director	C/O BAYTREE CAPITAL ASSOCIATES LLC, 40 WALL STREET, 58TH FLOOR, NEW YORK NY 10005
Andrey Novikov	director, officer: CHIEF TECHNOLOGY OFFICER	19355 BUSINESS CENTER DRIVE , #9, NORTHRIDG CA 91324
William D. Corbett	director, officer: Chief Executive Officer	1720 W DIVISION STREET, 3RD FLOOR, CHICAGO IL 606622
Jimmy I Gibbs	10 percent owner	9855 WARREN H. ABERNATHY HIGHWAY, SPARTANBURG SC 29301
Mark John Korb	officer: Chief Financial Officer	1900 GLADES ROAD, SUITE 435, BOCA RATON FL 33431
Gaston Singh Pereira	director, officer: Chairman of the Board and CEO	1900 GLADES ROAD, SUITE 265, BOCA RATON FL 33431
Sarmad Singh Harake	director	1900 GLADES ROAD, SUITE 265, BOCA RATON NY 33431