Sixth Wave Innovations (Sixth Wave Innovations) Total Assets : $0.91 Mil (As of May. 2023)

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What is Sixth Wave Innovations Total Assets?

Sixth Wave Innovations's Total Assets for the quarter that ended in May. 2023 was $0.91 Mil.

During the past 12 months, Sixth Wave Innovations's average Total Assets Growth Rate was -62.70% per year. During the past 3 years, the average Total Assets Growth Rate was -26.60% per year. During the past 5 years, the average Total Assets Growth Rate was 255.10% per year. During the past 10 years, the average Total Assets Growth Rate was 9.10% per year.

During the past 13 years, Sixth Wave Innovations's highest 3-Year average Total Assets Growth Rate was 1715.20%. The lowest was -93.90%. And the median was 182.90%.

Total Assets is connected with ROA %. Sixth Wave Innovations's annualized ROA % for the quarter that ended in May. 2023 was -268.46%. Total Assets is also linked to Revenue through Asset Turnover. Sixth Wave Innovations's Asset Turnover for the quarter that ended in May. 2023 was 0.00.

Sixth Wave Innovations Total Assets Historical Data

The historical data trend for Sixth Wave Innovations'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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Sixth Wave Innovations Total Assets Chart

Sixth Wave Innovations Annual Data

Trend

Aug13

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Total Assets

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1.57

3.90

9.59

4.05

1.59

Sixth Wave Innovations Quarterly Data
	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23
Total Assets	Get a 7-Day Free Trial															2.92	1.59	1.44	1.02	0.91

Sixth Wave Innovations 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.

Sixth Wave Innovations's Total Assets for the fiscal year that ended in Aug. 2022 is calculated as

Total Assets	=	Total Equity (A: Aug. 2022 )	+	Total Liabilities (A: Aug. 2022 )
	=	-2.104	+	3.69
	=	1.59

Sixth Wave Innovations's Total Assets for the quarter that ended in May. 2023 is calculated as

Total Assets	=	Total Equity (Q: May. 2023 )	+	Total Liabilities (Q: May. 2023 )
	=	-4.224	+	5.136
	=	0.91

Sixth Wave Innovations (OTCPK:SIXWF) Total Assets Explanation

Total Assets is connected with ROA %.

Sixth Wave Innovations's annualized ROA % for the quarter that ended in May. 2023 is

ROA %	=	Net Income (Q: May. 2023 )	/	( (Total Assets (Q: Feb. 2023 )	+	Total Assets (Q: May. 2023 ))	/ count )
	=	-2.592	/	( (1.019	+	0.912)	/ 2 )
	=	-2.592	/	0.9655
	=	-268.46 %

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

Sixth Wave Innovations's Asset Turnover for the quarter that ended in May. 2023 is

	Asset Turnover
=	Revenue (Q: May. 2023 )	/	( (Total Assets (Q: Feb. 2023 )	+	Total Assets (Q: May. 2023 ))	/ count )
=	0	/	( (1.019	+	0.912)	/ 2 )
=	0	/	0.9655
=	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.

Sixth Wave Innovations Total Assets Related Terms

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Sixth Wave Innovations (Sixth Wave Innovations) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Sixth Wave Innovations Inc (OTCPK:SIXWF) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

AHU:Germany SIXW:Canada

Address

210 Waterfront Drive Bedford, Suite 110, Nova Scotia, BC, CAN, B4A 0H3

Website

https://www.sixthwave.com

Sixth Wave Innovations Inc is a nanotechnology company that uses patented Molecularly Imprinted Polymers (MIPs) for imprinting, capturing, and releasing substances at the molecular level. Its current products are in the process of commercialization in gold mining, cannabis production and health and security with rapid virus detection.

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