QuoteMedia (QuoteMedia) Total Assets : $7.18 Mil (As of Dec. 2023)

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What is QuoteMedia Total Assets?

QuoteMedia's Total Assets for the quarter that ended in Dec. 2023 was $7.18 Mil.

Warning Sign:

If a company builds assets at 19.8% a year, faster than its revenue growth rate of 10.3% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, QuoteMedia's average Total Assets Growth Rate was 12.30% per year. During the past 3 years, the average Total Assets Growth Rate was 14.60% per year. During the past 5 years, the average Total Assets Growth Rate was 19.80% per year. During the past 10 years, the average Total Assets Growth Rate was 13.40% per year.

During the past 13 years, QuoteMedia's highest 3-Year average Total Assets Growth Rate was 123.70%. The lowest was -18.90%. And the median was 16.45%.

Total Assets is connected with ROA %. QuoteMedia's annualized ROA % for the quarter that ended in Dec. 2023 was 2.68%. Total Assets is also linked to Revenue through Asset Turnover. QuoteMedia's Asset Turnover for the quarter that ended in Dec. 2023 was 0.64.

QuoteMedia Total Assets Historical Data

The historical data trend for QuoteMedia'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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QuoteMedia Total Assets Chart

QuoteMedia Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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4.43

4.95

5.58

6.56

7.18

QuoteMedia 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															6.56	6.87	7.11	7.47	7.18

QuoteMedia 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.

QuoteMedia'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 )
	=	-0.86	+	8.036
	=	7.18

QuoteMedia'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 )
	=	-0.86	+	8.036
	=	7.18

QuoteMedia (OTCPK:QMCI) Total Assets Explanation

Total Assets is connected with ROA %.

QuoteMedia'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 )
	=	0.196	/	( (7.466	+	7.176)	/ 2 )
	=	0.196	/	7.321
	=	2.68 %

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.

QuoteMedia'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 )
=	4.682	/	( (7.466	+	7.176)	/ 2 )
=	4.682	/	7.321
=	0.64

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.

QuoteMedia Total Assets Related Terms

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QuoteMedia (QuoteMedia) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » QuoteMedia Inc (OTCPK:QMCI) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

17100 East Shea Boulevard, Suite 230, Fountain Hills, AZ, USA, 85268

Website

https://www.quotemedia.com

QuoteMedia Inc is a provider of financial data, news feeds, market research information, and financial software solutions to online brokerages, clearing firms, banks, financial service companies, media portals, and public corporations. It is a single source for a wide array of market information and services, including streaming stock market data feeds, research and analysis information, content applications, portfolio management systems, software products, corporate investor relations provisioning, news services, wireless applications, and custom development. The company has three general product lines: Interactive Content and Data Applications, Data Feed Services, and Portfolio Management Systems.

Executives

David Shworan	director, officer: CEO	17100 SHEA BLVD STE 230, FOUNTAIN HILLS CA 85268
Keith J Randall	officer: CFO	11909 E BECKER LANE, SCOTTSDALE AZ 85259
Robert James Thompson	director
R Keith Guelpa	director, officer: Chief Executive Officer	17100 SHEA BLVD, SUITE 230, FOUNTAIN HILLS AZ 85268