Next-ChemX (Next-ChemX) Total Assets : $3.30 Mil (As of Dec. 2023)

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What is Next-ChemX Total Assets?

Next-ChemX's Total Assets for the quarter that ended in Dec. 2023 was $3.30 Mil.

During the past 12 months, Next-ChemX's average Total Assets Growth Rate was 1.40% per year. During the past 3 years, the average Total Assets Growth Rate was 1074.00% per year. During the past 5 years, the average Total Assets Growth Rate was 211.10% per year.

During the past 9 years, Next-ChemX's highest 3-Year average Total Assets Growth Rate was 1074.00%. The lowest was -34.10%. And the median was 318.80%.

Total Assets is connected with ROA %. Next-ChemX's annualized ROA % for the quarter that ended in Dec. 2023 was -69.59%. Total Assets is also linked to Revenue through Asset Turnover. Next-ChemX's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Next-ChemX Total Assets Historical Data

The historical data trend for Next-ChemX'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.

* Premium members only.

Next-ChemX Total Assets Chart

Next-ChemX Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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0.52

0.05

3.18

3.22

3.30

Next-ChemX 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															3.22	3.32	3.40	3.40	3.30

Next-ChemX 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.

Next-ChemX'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 )
	=	-0.629	+	3.932
	=	3.30

Next-ChemX'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 )
	=	-0.629	+	3.932
	=	3.30

Next-ChemX (OTCPK:CHMX) Total Assets Explanation

Total Assets is connected with ROA %.

Next-ChemX'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 )
	=	-2.332	/	( (3.399	+	3.303)	/ 2 )
	=	-2.332	/	3.351
	=	-69.59 %

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.

Next-ChemX'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 )
=	0	/	( (3.399	+	3.303)	/ 2 )
=	0	/	3.351
=	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.

Next-ChemX Total Assets Related Terms

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Next-ChemX (Next-ChemX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Next-ChemX Corp (OTCPK:CHMX) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

901 Mopac Expressway South, Building 1, Suite 300, Austin, TX, USA, 78746

Website

https://www.next-chemx.com

Next-ChemX Corp owns a Novel Membrane-Based Ion Extraction Technology called NCX technology, that economically extracts ions from solutions that are in very low concentrations. The company's extraction technology allows a continuous transfer without high pressure, temperature, or electrolysis as it mimics biological processes found in nature. Currently, The company is developing commercial pilot plant systems in its laboratory for a wide range of extraction applications that it intends to market Internationally.

Executives

Majendie Dominic John George Gordon	officer: VP Business Development	FLAT 93, YAROSLAVIV VAL 14D, KYIV 2H 01034
Benton H Wilcoxon	director, officer: CEO
John Michael Johnson	director, officer: President	20 LEA LEA PL., MAKAWAO HI 96768
Next-chemx Corp./tx	10 percent owner, officer: CEO	1111 W 12TH ST., #113, AUSTIN TX 78703
Nikolai Meerovich Kocherginsky	10 percent owner	NEXT-CHEMX CORPORATION,, 60 HAZELWOOD DRIVE, #146, CHAMPAIGN IL 61820

Next-ChemX (Next-ChemX) Headlines

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