Starrex International (XCNQ:STX) Total Assets : C$26.45 Mil (As of Sep. 2023)

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What is Starrex International Total Assets?

Starrex International's Total Assets for the quarter that ended in Sep. 2023 was C$26.45 Mil.

During the past 12 months, Starrex International's average Total Assets Growth Rate was 314.90% per year. During the past 3 years, the average Total Assets Growth Rate was 5.60% per year. During the past 5 years, the average Total Assets Growth Rate was 9.40% per year. During the past 10 years, the average Total Assets Growth Rate was 54.10% per year.

During the past 13 years, Starrex International's highest 3-Year average Total Assets Growth Rate was 1677.60%. The lowest was -80.70%. And the median was -9.50%.

Total Assets is connected with ROA %. Starrex International's annualized ROA % for the quarter that ended in Sep. 2023 was -5.12%. Total Assets is also linked to Revenue through Asset Turnover. Starrex International's Asset Turnover for the quarter that ended in Sep. 2023 was 0.17.

Starrex International Total Assets Historical Data

The historical data trend for Starrex International'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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Starrex International Total Assets Chart

Starrex International Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Total Assets

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4.24

4.34

6.02

7.30

15.56

Starrex International Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Total Assets	Get a 7-Day Free Trial															6.11	15.56	27.50	23.69	26.45

Starrex International 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.

Starrex International's Total Assets for the fiscal year that ended in Dec. 2022 is calculated as

Total Assets	=	Total Equity (A: Dec. 2022 )	+	Total Liabilities (A: Dec. 2022 )
	=	11.133	+	4.429
	=	15.56

Starrex International's Total Assets for the quarter that ended in Sep. 2023 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2023 )	+	Total Liabilities (Q: Sep. 2023 )
	=	10.104	+	16.347
	=	26.45

Starrex International (XCNQ:STX) Total Assets Explanation

Total Assets is connected with ROA %.

Starrex International's annualized ROA % for the quarter that ended in Sep. 2023 is

ROA %	=	Net Income (Q: Sep. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
	=	-1.284	/	( (23.693	+	26.45)	/ 2 )
	=	-1.284	/	25.0715
	=	-5.12 %

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

Starrex International's Asset Turnover for the quarter that ended in Sep. 2023 is

	Asset Turnover
=	Revenue (Q: Sep. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
=	4.255	/	( (23.693	+	26.45)	/ 2 )
=	4.255	/	25.0715
=	0.17

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.

Starrex International Total Assets Related Terms

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Starrex International (XCNQ:STX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Starrex International Ltd (XCNQ:STX) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

STXMF:USA

Address

1250, 639 - 5th Avenue South West, Calgary, AB, CAN, T2P 0M9

Website

https://www.starrexintl.com

Starrex International Ltd is engaged in acquiring, managing, and growing companies in the United States active in the mortgage, real estate, and other financial sectors. it operates in three segments; Property Interlink, LLC managed residential appraisals and maintained all of the ordering, tracking, administrative duties and details and ensured the timeliness of appraisals that are handled during a real estate mortgage transaction, MFI Credit Solutions, LLC manages consumer credit reporting and maintains all of the ordering, tracking, administrative duties and details required to support consumer credit reporting activities, and Reliable Valuation Service, LLC provided residential evaluations of residential real estate to third parties.