Fandifi Technology (XCNQ:FDM.X) Total Assets : C$1.02 Mil (As of Oct. 2023)

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What is Fandifi Technology Total Assets?

Fandifi Technology's Total Assets for the quarter that ended in Oct. 2023 was C$1.02 Mil.

During the past 12 months, Fandifi Technology's average Total Assets Growth Rate was -0.30% per year. During the past 3 years, the average Total Assets Growth Rate was 355.10% per year. During the past 5 years, the average Total Assets Growth Rate was 68.80% per year. During the past 10 years, the average Total Assets Growth Rate was 10.20% per year.

During the past 13 years, Fandifi Technology's highest 3-Year average Total Assets Growth Rate was 355.10%. The lowest was -75.00%. And the median was 36.05%.

Total Assets is connected with ROA %. Fandifi Technology's annualized ROA % for the quarter that ended in Oct. 2023 was -165.47%. Total Assets is also linked to Revenue through Asset Turnover. Fandifi Technology's Asset Turnover for the quarter that ended in Oct. 2023 was 0.00.

Fandifi Technology Total Assets Historical Data

The historical data trend for Fandifi Technology'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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Fandifi Technology Total Assets Chart

Fandifi Technology Annual Data

Trend

Nov14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Total Assets

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1.21

0.02

0.79

4.93

2.04

Fandifi Technology Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Total Assets	Get a 7-Day Free Trial															2.43	2.04	1.43	1.17	1.02

Fandifi Technology 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.

Fandifi Technology's Total Assets for the fiscal year that ended in Jan. 2023 is calculated as

Total Assets	=	Total Equity (A: Jan. 2023 )	+	Total Liabilities (A: Jan. 2023 )
	=	1.252	+	0.788
	=	2.04

Fandifi Technology's Total Assets for the quarter that ended in Oct. 2023 is calculated as

Total Assets	=	Total Equity (Q: Oct. 2023 )	+	Total Liabilities (Q: Oct. 2023 )
	=	-0.314	+	1.338
	=	1.02

Fandifi Technology (XCNQ:FDM.X) Total Assets Explanation

Total Assets is connected with ROA %.

Fandifi Technology's annualized ROA % for the quarter that ended in Oct. 2023 is

ROA %	=	Net Income (Q: Oct. 2023 )	/	( (Total Assets (Q: Jul. 2023 )	+	Total Assets (Q: Oct. 2023 ))	/ count )
	=	-1.816	/	( (1.171	+	1.024)	/ 2 )
	=	-1.816	/	1.0975
	=	-165.47 %

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

Fandifi Technology's Asset Turnover for the quarter that ended in Oct. 2023 is

	Asset Turnover
=	Revenue (Q: Oct. 2023 )	/	( (Total Assets (Q: Jul. 2023 )	+	Total Assets (Q: Oct. 2023 ))	/ count )
=	0	/	( (1.171	+	1.024)	/ 2 )
=	0	/	1.0975
=	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.

Fandifi Technology Total Assets Related Terms

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Fandifi Technology (XCNQ:FDM.X) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Fandifi Technology Corp (XCNQ:FDM.X) » Definitions » Total Assets

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FDMSF:USA

Address

1100 Melville Street, Suite 830, Vancouver, BC, CAN, V6E 4A6

Website

https://www.fandifi.com

Fandifi Technology Corp is engaged in the development and monetization of the Company's all ages prediction and wagering Esports Entertainment Platform for engaging fans on mobile applications. The company operates in segments namely, Canada, Curacao, and Cyprus.

Fandifi Technology (XCNQ:FDM.X) Headlines

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