Arax Holdings (OTCPK:ARAT) Total Assets

: $0.26 Mil (As of Jan. 2023)

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Arax Holdings's Total Assets for the quarter that ended in Jan. 2023 was $0.26 Mil.

During the past 8 years, Arax Holdings's highest 3-Year average Total Assets Growth Rate was -100.00%. The lowest was -100.00%. And the median was -100.00%.

Total Assets is connected with ROA %. Arax Holdings's annualized ROA % for the quarter that ended in Jan. 2023 was -1,620.39%. Total Assets is also linked to Revenue through Asset Turnover. Arax Holdings's Asset Turnover for the quarter that ended in Jan. 2023 was 0.89.

Arax Holdings Total Assets Historical Data

The historical data trend for Arax Holdings'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.

Arax Holdings Annual Data

Trend

Oct12

Oct13

Oct14

Oct15

Oct16

Oct20

Oct21

Oct22

Total Assets

Arax Holdings Quarterly Data
	Apr15	Jul15	Oct15	Jan16	Apr16	Jul16	Oct16	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23
Total Assets																-	-	-	-	0.26

Arax Holdings 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.

Arax Holdings's Total Assets for the fiscal year that ended in Oct. 2022 is calculated as

Total Assets	=	Total Equity (A: Oct. 2022 )	+	Total Liabilities (A: Oct. 2022 )
	=	-0.175	+	0.175
	=	0.00

Arax Holdings's Total Assets for the quarter that ended in Jan. 2023 is calculated as

Total Assets	=	Total Equity (Q: Jan. 2023 )	+	Total Liabilities (Q: Jan. 2023 )
	=	-1.142	+	1.396
	=	0.25

Arax Holdings (OTCPK:ARAT) Total Assets Explanation

Total Assets is connected with ROA %.

Arax Holdings's annualized ROA % for the quarter that ended in Jan. 2023 is

ROA %	=	Net Income (Q: Jan. 2023 )	/	( (Total Assets (Q: Oct. 2022 )	+	Total Assets (Q: Jan. 2023 ))	/ count )
	=	-4.132	/	( (0	+	0.255)	/ 1 )
	=	-4.132	/	0.255
	=	-1,620.39 %

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

Arax Holdings's Asset Turnover for the quarter that ended in Jan. 2023 is

	Asset Turnover
=	Revenue (Q: Jan. 2023 )	/	( (Total Assets (Q: Oct. 2022 )	+	Total Assets (Q: Jan. 2023 ))	/ count )
=	0.227	/	( (0	+	0.255)	/ 1 )
=	0.227	/	0.255
=	0.89

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.

Arax Holdings Total Assets Related Terms

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Arax Holdings (OTCPK:ARAT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Arax Holdings Corp (OTCPK:ARAT) » Definitions » Total Assets

Traded in Other Exchanges

N/A

Address

30 North Gould Street, Sheridan, WY, USA, 82801

Website

Arax Holdings Corp is a development stage company.

Arax Holdings (OTCPK:ARAT) Headlines

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