SWMBRD Sports (XCNQ:SWIM) Total Assets : C$0.34 Mil (As of Nov. 2023)

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What is SWMBRD Sports Total Assets?

SWMBRD Sports's Total Assets for the quarter that ended in Nov. 2023 was C$0.34 Mil.

During the past 12 months, SWMBRD Sports's average Total Assets Growth Rate was -46.20% per year.

Total Assets is connected with ROA %. SWMBRD Sports's annualized ROA % for the quarter that ended in Nov. 2023 was -277.29%. Total Assets is also linked to Revenue through Asset Turnover. SWMBRD Sports's Asset Turnover for the quarter that ended in Nov. 2023 was 0.01.

SWMBRD Sports Total Assets Historical Data

The historical data trend for SWMBRD Sports'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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SWMBRD Sports Total Assets Chart

SWMBRD Sports Annual Data

Trend

Feb21

Feb22

Feb23

Total Assets

1.31

0.62

0.50

SWMBRD Sports Quarterly Data
	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Total Assets	Get a 7-Day Free Trial								0.64	0.50	0.45	0.41	0.34

SWMBRD Sports 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.

SWMBRD Sports's Total Assets for the fiscal year that ended in Feb. 2023 is calculated as

Total Assets	=	Total Equity (A: Feb. 2023 )	+	Total Liabilities (A: Feb. 2023 )
	=	0.206	+	0.292
	=	0.50

SWMBRD Sports's Total Assets for the quarter that ended in Nov. 2023 is calculated as

Total Assets	=	Total Equity (Q: Nov. 2023 )	+	Total Liabilities (Q: Nov. 2023 )
	=	-0.439	+	0.778
	=	0.34

SWMBRD Sports (XCNQ:SWIM) Total Assets Explanation

Total Assets is connected with ROA %.

SWMBRD Sports's annualized ROA % for the quarter that ended in Nov. 2023 is

ROA %	=	Net Income (Q: Nov. 2023 )	/	( (Total Assets (Q: Aug. 2023 )	+	Total Assets (Q: Nov. 2023 ))	/ count )
	=	-1.044	/	( (0.414	+	0.339)	/ 2 )
	=	-1.044	/	0.3765
	=	-277.29 %

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

SWMBRD Sports's Asset Turnover for the quarter that ended in Nov. 2023 is

	Asset Turnover
=	Revenue (Q: Nov. 2023 )	/	( (Total Assets (Q: Aug. 2023 )	+	Total Assets (Q: Nov. 2023 ))	/ count )
=	0.004	/	( (0.414	+	0.339)	/ 2 )
=	0.004	/	0.3765
=	0.01

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.

SWMBRD Sports Total Assets Related Terms

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SWMBRD Sports (XCNQ:SWIM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » SWMBRD Sports Inc (XCNQ:SWIM) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

789 West Pender Street, Suite 1450, Vancouver, BC, CAN, V6C 1H2

Website

https://www.swmbrd.com

SWMBRD Sports Inc is a sporting goods company focused on developing, manufacturing, marketing, and selling aquatic sports products in the sporting goods and outdoor recreation industries.

Executives