TPT Global Tech (TPT Global Tech) Total Assets : $0.11 Mil (As of Mar. 2024)

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What is TPT Global Tech Total Assets?

TPT Global Tech's Total Assets for the quarter that ended in Mar. 2024 was $0.11 Mil.

During the past 12 months, TPT Global Tech's average Total Assets Growth Rate was -87.20% per year. During the past 3 years, the average Total Assets Growth Rate was -81.00% per year. During the past 5 years, the average Total Assets Growth Rate was -60.50% per year.

During the past 13 years, TPT Global Tech's highest 3-Year average Total Assets Growth Rate was 36.60%. The lowest was -81.00%. And the median was -2.00%.

Total Assets is connected with ROA %. TPT Global Tech's annualized ROA % for the quarter that ended in Mar. 2024 was -12,514.55%. Total Assets is also linked to Revenue through Asset Turnover. TPT Global Tech's Asset Turnover for the quarter that ended in Mar. 2024 was 3.74.

TPT Global Tech Total Assets Historical Data

The historical data trend for TPT Global Tech'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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TPT Global Tech Total Assets Chart

TPT Global Tech Annual Data

Trend

Dec05

Dec06

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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15.45

12.84

10.68

1.03

0.11

TPT Global Tech 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															0.85	0.72	1.36	0.11	0.11

TPT Global Tech 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.

TPT Global Tech'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 )
	=	-43.806	+	43.911
	=	0.11

TPT Global Tech'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 )
	=	-46.923	+	47.031
	=	0.11

TPT Global Tech (OTCPK:TPTW) Total Assets Explanation

Total Assets is connected with ROA %.

TPT Global Tech'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 )
	=	-13.328	/	( (0.105	+	0.108)	/ 2 )
	=	-13.328	/	0.1065
	=	-12,514.55 %

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.

TPT Global Tech'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 )
=	0.398	/	( (0.105	+	0.108)	/ 2 )
=	0.398	/	0.1065
=	3.74

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.

TPT Global Tech Total Assets Related Terms

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TPT Global Tech (TPT Global Tech) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » TPT Global Tech Inc (OTCPK:TPTW) » Definitions » Total Assets

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Address

501 West Broadway, Suite 800, San Diego, CA, USA, 92101

Website

https://www.tptglobaltech.com

TPT Global Tech Inc is engaged in the business of distribution of cell phones and telecommunications equipment. The company's operating segment includes TPT SpeedConnect; Blue Collar, and TPT MedTech and QuikLABS. It generates maximum revenue from the TPT SpeedConnect segment. The company offers offer Software as a Service (SaaS), Technology Platform as a Service (PAAS), Cloud-based Unified Communication as a Service (UCaaS) and carrier-grade performance and support for businesses over private IP MPLS fiber and wireless network in the United States. It also operates as a Master distributor for Nationwide Mobile Virtual Network Operators (MVNO) and Independent Sales Organization (ISO).