PharmChem (PharmChem) Total Assets : $3.25 Mil (As of Sep. 2023)

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What is PharmChem Total Assets?

PharmChem's Total Assets for the quarter that ended in Sep. 2023 was $3.25 Mil.

During the past 12 months, PharmChem's average Total Assets Growth Rate was -93.50% per year. During the past 3 years, the average Total Assets Growth Rate was -7.40% per year. During the past 5 years, the average Total Assets Growth Rate was 0.50% per year. During the past 10 years, the average Total Assets Growth Rate was -1.00% per year.

During the past 13 years, PharmChem's highest 3-Year average Total Assets Growth Rate was 42.70%. The lowest was -7.40%. And the median was 3.10%.

Total Assets is connected with ROA %. PharmChem's annualized ROA % for the quarter that ended in Sep. 2023 was 27.43%. Total Assets is also linked to Revenue through Asset Turnover. PharmChem's Asset Turnover for the quarter that ended in Sep. 2023 was 0.48.

PharmChem Total Assets Historical Data

The historical data trend for PharmChem'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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PharmChem Total Assets Chart

PharmChem Annual Data

Trend

Dec93

Dec94

Dec95

Dec96

Dec97

Dec98

Dec99

Dec00

Dec01

Dec02

Total Assets

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22.10

25.05

27.27

28.50

22.67

PharmChem Quarterly Data
	Jun99	Sep99	Dec99	Mar00	Jun00	Sep00	Dec00	Mar01	Jun01	Sep01	Dec01	Mar02	Jun02	Sep02	Dec02	Mar03	Jun03	Sep03	Sep22	Sep23
Total Assets	Get a 7-Day Free Trial															20.83	19.85	18.46	-	3.25

PharmChem 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.

PharmChem's Total Assets for the fiscal year that ended in Dec. 2002 is calculated as

Total Assets	=	Total Equity (A: Dec. 2002 )	+	Total Liabilities (A: Dec. 2002 )
	=	10.359	+	12.308
	=	22.67

PharmChem'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 )
	=	2.569	+	0.683
	=	3.25

PharmChem (OTCPK:PCHM) Total Assets Explanation

Total Assets is connected with ROA %.

PharmChem's annualized ROA % for the quarter that ended in Sep. 2023 is

ROA %	=	Net Income (Q: Sep. 2023 )	/	( (Total Assets (Q: Sep. 2022 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
	=	0.892	/	( (0	+	3.252)	/ 1 )
	=	0.892	/	3.252
	=	27.43 %

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.

PharmChem's Asset Turnover for the quarter that ended in Sep. 2023 is

	Asset Turnover
=	Revenue (Q: Sep. 2023 )	/	( (Total Assets (Q: Sep. 2022 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
=	1.564	/	( (0	+	3.252)	/ 1 )
=	1.564	/	3.252
=	0.48

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.

PharmChem Total Assets Related Terms

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PharmChem (PharmChem) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » PharmChem Inc (OTCPK:PCHM) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

2411 E. Loop 820 N, Fort Worth, TX, USA, 76118

Website

https://www.pharmchek.com

PharmChem Inc is engaged in selling and distributing of the PharmChek Sweat Patch Device. PharmChek is a system that uses sweat to detect the presence of illegal drugs. It consists of a transparent polyurethane outer covering, a small absorbent pad, and a release liner. Geographically the activities are carried out throughout the United States.

Executives

Alto Investors Palo	10 percent owner	470 UNIVERSITY AVENUE, PALO ALTO CA 94301
Micro Cap Partners Lp	10 percent owner

PharmChem (PharmChem) Headlines

From GuruFocus

PharmChem (PCHM) Announces Response To Opposition

By PRNewswire PRNewswire • 08-11-2021