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BioNxt Solutions (XCNQ:BNXT) Total Assets : C$0.79 Mil (As of Mar. 2024)


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What is BioNxt Solutions Total Assets?

BioNxt Solutions's Total Assets for the quarter that ended in Mar. 2024 was C$0.79 Mil.

During the past 12 months, BioNxt Solutions's average Total Assets Growth Rate was -52.20% per year. During the past 3 years, the average Total Assets Growth Rate was -45.90% per year. During the past 5 years, the average Total Assets Growth Rate was -34.40% per year.

During the past 6 years, BioNxt Solutions's highest 3-Year average Total Assets Growth Rate was 8.40%. The lowest was -45.90%. And the median was -43.90%.

Total Assets is connected with ROA %. BioNxt Solutions's annualized ROA % for the quarter that ended in Mar. 2024 was -612.15%. Total Assets is also linked to Revenue through Asset Turnover. BioNxt Solutions's Asset Turnover for the quarter that ended in Mar. 2024 was 0.00.

BioNxt Solutions Total Assets Historical Data

The historical data trend for BioNxt Solutions'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.

BioNxt Solutions Total Assets Chart

BioNxt Solutions Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Assets
Get a 7-Day Free Trial 8.66 8.28 9.73 1.61 1.27

BioNxt Solutions Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Sep23 Dec23 Mar24
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.61 3.19 1.90 1.27 0.79

BioNxt Solutions 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.

BioNxt Solutions'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 )
=-5.283+6.55
=1.27

BioNxt Solutions'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 )
=-6.13+6.918
=0.79

* 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.

BioNxt Solutions  (XCNQ:BNXT) Total Assets Explanation

Total Assets is connected with ROA %.

BioNxt Solutions'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 )
=-6.296/( (1.268+0.789)/ 2 )
=-6.296/1.0285
=-612.15 %

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.

BioNxt Solutions'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 )
=0.004/( (1.268+0.789)/ 2 )
=0.004/1.0285
=0.00

* 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.

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.

BioNxt Solutions Total Assets Related Terms

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BioNxt Solutions (XCNQ:BNXT) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » BioNxt Solutions Inc (XCNQ:BNXT) » Definitions » Total Assets
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Traded in Other Exchanges
BNXTF:USA BXT:Germany
Address
1820 Fir Street, Suite 270, Vancouver, BC, CAN, V6J 3B1
Website
https://www.bionxt.com
BioNxt Solutions Inc is a cannabis company engaged in developing analytical testing, processing, and formulation capability in Canada. It is also engaged in research, cultivation, extraction, import, distribution, and manufacturing in Germany. The products of the company include Drug Delivery, Point-of-Care Diagnostics, and Psychedelics.

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