Trutankless (Trutankless) Total Assets : $0.42 Mil (As of Sep. 2023)

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What is Trutankless Total Assets?

Trutankless's Total Assets for the quarter that ended in Sep. 2023 was $0.42 Mil.

During the past 12 months, Trutankless's average Total Assets Growth Rate was 32.30% per year. During the past 3 years, the average Total Assets Growth Rate was -36.30% per year. During the past 5 years, the average Total Assets Growth Rate was -22.10% per year. During the past 10 years, the average Total Assets Growth Rate was -11.40% per year.

During the past 13 years, Trutankless's highest 3-Year average Total Assets Growth Rate was 306.00%. The lowest was -39.60%. And the median was -4.90%.

Total Assets is connected with ROA %. Trutankless's annualized ROA % for the quarter that ended in Sep. 2023 was -836.57%. Total Assets is also linked to Revenue through Asset Turnover. Trutankless's Asset Turnover for the quarter that ended in Sep. 2023 was 0.01.

Trutankless Total Assets Historical Data

The historical data trend for Trutankless'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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Trutankless Total Assets Chart

Trutankless Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Total Assets

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0.87

0.93

1.80

0.23

0.32

Trutankless Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Total Assets	Get a 7-Day Free Trial															0.26	0.32	0.22	0.28	0.42

Trutankless 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.

Trutankless's Total Assets for the fiscal year that ended in Dec. 2022 is calculated as

Total Assets	=	Total Equity (A: Dec. 2022 )	+	Total Liabilities (A: Dec. 2022 )
	=	-5.552	+	5.875
	=	0.32

Trutankless'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 )
	=	-6.747	+	7.17
	=	0.42

Trutankless (OTCPK:TKLS) Total Assets Explanation

Total Assets is connected with ROA %.

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

ROA %	=	Net Income (Q: Sep. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
	=	-2.928	/	( (0.277	+	0.423)	/ 2 )
	=	-2.928	/	0.35
	=	-836.57 %

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.

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

	Asset Turnover
=	Revenue (Q: Sep. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
=	0.003	/	( (0.277	+	0.423)	/ 2 )
=	0.003	/	0.35
=	0.01

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.

Trutankless Total Assets Related Terms

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Trutankless (Trutankless) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Trutankless Inc (OTCPK:TKLS) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

15900 North 78th Street, Suite 200, Scottsdale, AZ, USA, 85260

Website

https://trutankless.com

Trutankless Inc is engaged in manufacturing electric tankless water heaters that far surpasses traditional tank water heaters in energy efficiency, output, dependability, and environmental sustainability. The company anticipates its second generation Trutankless water heaters, with Wi-Fi, Bluetooth, and Zigbee capabilities to help modernize the water heating industry. The Trutankless brand mission is to apply smart engineering to forward-thinking technologies that save customers money, energy, and space.

Executives

Buit Right Holdings, Llc	10 percent owner	8790 E. VIA DE VENTURA, SUITE 4640, SCOTTSDALE AZ 85258
Michael Stebbins	director	14646 N KIERLAND BLVD, SUITE 270, SCOTTSDALE AZ 85254
Robertson J Orr	director, officer: President & CEO	14646 N KIERLAND BLVD, SUITE 270, SCOTTSDALE AZ 85254