BIGG Digital Assets (BIGG Digital Assets) Total Assets : $92.57 Mil (As of Dec. 2023)

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What is BIGG Digital Assets Total Assets?

BIGG Digital Assets's Total Assets for the quarter that ended in Dec. 2023 was $92.57 Mil.

Warning Sign:

If a company builds assets at 145.1% a year, faster than its revenue growth rate of 90.1% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, BIGG Digital Assets's average Total Assets Growth Rate was 94.20% per year. During the past 3 years, the average Total Assets Growth Rate was 92.50% per year. During the past 5 years, the average Total Assets Growth Rate was 145.10% per year.

During the past 9 years, BIGG Digital Assets's highest 3-Year average Total Assets Growth Rate was 326.50%. The lowest was -53.00%. And the median was 114.45%.

Total Assets is connected with ROA %. BIGG Digital Assets's annualized ROA % for the quarter that ended in Dec. 2023 was -3.58%. Total Assets is also linked to Revenue through Asset Turnover. BIGG Digital Assets's Asset Turnover for the quarter that ended in Dec. 2023 was 0.02.

BIGG Digital Assets Total Assets Historical Data

The historical data trend for BIGG Digital Assets'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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BIGG Digital Assets Total Assets Chart

BIGG Digital Assets Annual Data

Trend

Sep15

Sep16

Sep17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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6.80

23.10

120.62

49.62

92.57

BIGG Digital Assets Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial															66.69	49.62	65.95	72.10	92.57

BIGG Digital Assets 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.

BIGG Digital Assets'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 )
	=	24.254	+	68.314
	=	92.57

BIGG Digital Assets'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 )
	=	24.254	+	68.314
	=	92.57

BIGG Digital Assets (OTCPK:BBKCF) Total Assets Explanation

Total Assets is connected with ROA %.

BIGG Digital Assets'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 )
	=	-2.944	/	( (72.099	+	92.568)	/ 2 )
	=	-2.944	/	82.3335
	=	-3.58 %

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.

BIGG Digital Assets'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 )
=	1.626	/	( (72.099	+	92.568)	/ 2 )
=	1.626	/	82.3335
=	0.02

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.

BIGG Digital Assets Total Assets Related Terms

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BIGG Digital Assets (BIGG Digital Assets) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » BIGG Digital Assets Inc (OTCPK:BBKCF) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

7111:Germany BIGG:Canada

Address

1130 West Pender Street, Suite 1220, Vancouver, BC, CAN, V6E 4A4

Website

https://www.biggdigitalassets.com

BIGG Digital Assets Inc is engaged in investing in products and companies within the cryptocurrency industry. It has two operating divisions which provide blockchain search products to large enterprises with significant data requirements in the financial and e-commerce sectors globally, and brokerage and exchange software to make the purchase and sale of cryptocurrency easily accessible to the mass consumer and investor with a focus on compliance and safety. The company operates two business segments: Blockchain Technology Development and Digital Currency Sales via the Netcoins App.