California Nanotechnologies (California Nanotechnologies) Total Assets : $2.64 Mil (As of Nov. 2023)

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What is California Nanotechnologies Total Assets?

California Nanotechnologies's Total Assets for the quarter that ended in Nov. 2023 was $2.64 Mil.

During the past 12 months, California Nanotechnologies's average Total Assets Growth Rate was 109.30% per year. During the past 3 years, the average Total Assets Growth Rate was 11.30% per year. During the past 5 years, the average Total Assets Growth Rate was 0.40% per year. During the past 10 years, the average Total Assets Growth Rate was 13.60% per year.

During the past 13 years, California Nanotechnologies's highest 3-Year average Total Assets Growth Rate was 58.60%. The lowest was -29.50%. And the median was -12.50%.

Total Assets is connected with ROA %. California Nanotechnologies's annualized ROA % for the quarter that ended in Nov. 2023 was 105.71%. Total Assets is also linked to Revenue through Asset Turnover. California Nanotechnologies's Asset Turnover for the quarter that ended in Nov. 2023 was 0.60.

California Nanotechnologies Total Assets Historical Data

The historical data trend for California Nanotechnologies'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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California Nanotechnologies Total Assets Chart

California Nanotechnologies Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Total Assets

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0.77

0.64

0.46

0.96

1.04

California Nanotechnologies Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Total Assets	Get a 7-Day Free Trial															1.03	1.04	1.02	1.25	2.64

California Nanotechnologies 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.

California Nanotechnologies's Total Assets for the fiscal year that ended in Feb. 2023 is calculated as

Total Assets	=	Total Equity (A: Feb. 2023 )	+	Total Liabilities (A: Feb. 2023 )
	=	-0.947	+	1.984
	=	1.04

California Nanotechnologies's Total Assets for the quarter that ended in Nov. 2023 is calculated as

Total Assets	=	Total Equity (Q: Nov. 2023 )	+	Total Liabilities (Q: Nov. 2023 )
	=	0.389	+	2.255
	=	2.64

California Nanotechnologies (OTCPK:CANOF) Total Assets Explanation

Total Assets is connected with ROA %.

California Nanotechnologies's annualized ROA % for the quarter that ended in Nov. 2023 is

ROA %	=	Net Income (Q: Nov. 2023 )	/	( (Total Assets (Q: Aug. 2023 )	+	Total Assets (Q: Nov. 2023 ))	/ count )
	=	2.056	/	( (1.246	+	2.644)	/ 2 )
	=	2.056	/	1.945
	=	105.71 %

Note: The Net Income data used here is four times the quarterly (Nov. 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.

California Nanotechnologies's Asset Turnover for the quarter that ended in Nov. 2023 is

	Asset Turnover
=	Revenue (Q: Nov. 2023 )	/	( (Total Assets (Q: Aug. 2023 )	+	Total Assets (Q: Nov. 2023 ))	/ count )
=	1.159	/	( (1.246	+	2.644)	/ 2 )
=	1.159	/	1.945
=	0.60

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.

California Nanotechnologies Total Assets Related Terms

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California Nanotechnologies (California Nanotechnologies) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » California Nanotechnologies Corp (OTCPK:CANOF) » Definitions » Total Assets

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CNO:Canada

Address

900, 517 - 10th Avenue S.W., Calgary, AB, CAN, T2R 0A8

Website

https://www.calnanocorp.com

California Nanotechnologies Corp engages in the production, and research and development of nanostructured components and materials. Its products include precision forged components, thermal spray powders, nano light alloy powders, nanoalloy billets, nano superalloy powders, cemented carbides, and tooling. The company products are used in Aerospace, Defense, Automotive, Medical, and Sport and Recreation industries.