Rainmaker Worldwide (Rainmaker Worldwide) Total Assets : $0.36 Mil (As of Mar. 2024)

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What is Rainmaker Worldwide Total Assets?

Rainmaker Worldwide's Total Assets for the quarter that ended in Mar. 2024 was $0.36 Mil.

During the past 12 months, Rainmaker Worldwide's average Total Assets Growth Rate was 825.60% per year. During the past 3 years, the average Total Assets Growth Rate was -76.00% per year. During the past 5 years, the average Total Assets Growth Rate was -74.30% per year.

During the past 11 years, Rainmaker Worldwide's highest 3-Year average Total Assets Growth Rate was 2232.60%. The lowest was -82.40%. And the median was -43.80%.

Total Assets is connected with ROA %. Rainmaker Worldwide's annualized ROA % for the quarter that ended in Mar. 2024 was -540.82%. Total Assets is also linked to Revenue through Asset Turnover. Rainmaker Worldwide's Asset Turnover for the quarter that ended in Mar. 2024 was 0.00.

Rainmaker Worldwide Total Assets Historical Data

The historical data trend for Rainmaker Worldwide'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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Rainmaker Worldwide Total Assets Chart

Rainmaker Worldwide Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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7.21

2.56

0.34

0.04

0.03

Rainmaker Worldwide Quarterly Data
	Sep16	Dec16	Mar17	Jun17	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															0.04	0.09	0.03	0.03	0.36

Rainmaker Worldwide 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.

Rainmaker Worldwide'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 )
	=	-10.947	+	10.978
	=	0.03

Rainmaker Worldwide'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 )
	=	-11.153	+	11.515
	=	0.36

Rainmaker Worldwide (OTCPK:RAKR) Total Assets Explanation

Total Assets is connected with ROA %.

Rainmaker Worldwide'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 )
	=	-1.06	/	( (0.031	+	0.361)	/ 2 )
	=	-1.06	/	0.196
	=	-540.82 %

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.

Rainmaker Worldwide'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	/	( (0.031	+	0.361)	/ 2 )
=	0	/	0.196
=	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.

Rainmaker Worldwide Total Assets Related Terms

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Rainmaker Worldwide (Rainmaker Worldwide) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Rainmaker Worldwide Inc (OTCPK:RAKR) » Definitions » Total Assets

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Address

271 Brock Street, Peterborough, ON, CAN, K9H 2P8

Website

https://www.rainmakerww.com

Rainmaker Worldwide Inc is a cleantech company that is engaged in producing clean water. It provides innovative, environment-friendly water solutions to communities and businesses facing water scarcity. The company's sustainable technology features two product lines which include Air to water and water to water that have multiple applications. Air to Water harvests fresh water from humidity in the atmosphere. It is highly useful for islands, temporary vacation houses, and remote vacation houses, especially for hot conditions and limited water and has no risk of water-borne diseases. The Water to Water unit produces clean water from seawater, brackish water, or contaminated water sources. The company's products include WW-SO50 Solar Only Powered, AW-W100 Wind Powered, and others.