Ankam (ANKM) Total Assets : $0.18 Mil (As of Nov. 2024)

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What is Ankam Total Assets?

Ankam's Total Assets for the quarter that ended in Nov. 2024 was $0.18 Mil.

During the past 12 months, Ankam's average Total Assets Growth Rate was 65.70% per year. During the past 3 years, the average Total Assets Growth Rate was 161.60% per year.

During the past 4 years, Ankam's highest 3-Year average Total Assets Growth Rate was 161.60%. The lowest was 161.60%. And the median was 161.60%.

Total Assets is connected with ROA %. Ankam's annualized ROA % for the quarter that ended in Nov. 2024 was -67.42%. Total Assets is also linked to Revenue through Asset Turnover. Ankam's Asset Turnover for the quarter that ended in Nov. 2024 was 0.40.

Ankam Total Assets Historical Data

The historical data trend for Ankam'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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Ankam Total Assets Chart

Ankam Annual Data

Trend

Nov21

Nov22

Nov23

Nov24

Total Assets

0.01

0.45

0.11

0.18

Ankam Quarterly Data
	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24
Total Assets	Get a 7-Day Free Trial										0.11	0.22	0.20	0.18	0.18

Ankam 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.

Ankam's Total Assets for the fiscal year that ended in Nov. 2024 is calculated as

Total Assets	=	Total Equity (A: Nov. 2024 )	+	Total Liabilities (A: Nov. 2024 )
	=	-0.324	+	0.503
	=	0.18

Ankam's Total Assets for the quarter that ended in Nov. 2024 is calculated as

Total Assets	=	Total Equity (Q: Nov. 2024 )	+	Total Liabilities (Q: Nov. 2024 )
	=	-0.324	+	0.503
	=	0.18

Ankam (OTCPK:ANKM) Total Assets Explanation

Total Assets is connected with ROA %.

Ankam's annualized ROA % for the quarter that ended in Nov. 2024 is

ROA %	=	Net Income (Q: Nov. 2024 )	/	( (Total Assets (Q: Aug. 2024 )	+	Total Assets (Q: Nov. 2024 ))	/ count )
	=	-0.12	/	( (0.177	+	0.179)	/ 2 )
	=	-0.12	/	0.178
	=	-67.42 %

Note: The Net Income data used here is four times the quarterly (Nov. 2024) 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.

Ankam's Asset Turnover for the quarter that ended in Nov. 2024 is

	Asset Turnover
=	Revenue (Q: Nov. 2024 )	/	( (Total Assets (Q: Aug. 2024 )	+	Total Assets (Q: Nov. 2024 ))	/ count )
=	0.071	/	( (0.177	+	0.179)	/ 2 )
=	0.071	/	0.178
=	0.40

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.

Ankam Total Assets Related Terms

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Ankam Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Ankam Inc (OTCPK:ANKM) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

5348 Vegas Drive, Las Vegas, NV, USA, 89108

Website

https://www.ankam.net

Ankam Inc actively works in two directions: application development MoneySaver App and crypto wallet project. MoneySaver App is an application created to aggregate various discount cards on a mobile device. The main advantage of the MoneySaver App is that the user can easily access any discounts at any moment from anywhere. The idea of the app appeared as a way of simplifying the use of discount cards, enabling people to share them with anyone and get new discounts. It is also focused on developing and implementing the cryptocurrency wallet project. The Company creates a service with the ability to manage cryptocurrency funds. The cryptocurrency wallet will have the functionality of buying coins by bank deposit and payment gateway.

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