CNGT (Cannagistics) Total Assets : $0.08 Mil (As of Apr. 2022)

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What is Cannagistics Total Assets?

Cannagistics's Total Assets for the quarter that ended in Apr. 2022 was $0.08 Mil.

Total Assets is connected with ROA %. Cannagistics's annualized ROA % for the quarter that ended in Apr. 2022 was -1,828.57%. Total Assets is also linked to Revenue through Asset Turnover. Cannagistics's Asset Turnover for the quarter that ended in Apr. 2022 was 0.00.

Cannagistics Total Assets Historical Data

The historical data trend for Cannagistics'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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Cannagistics Total Assets Chart

Cannagistics Annual Data

Trend

Jul08

Jul13

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Total Assets

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0.24

1.88

0.73

0.06

0.05

Cannagistics Quarterly Data
	Jul17	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22
Total Assets	Get a 7-Day Free Trial															0.04	0.05	0.07	0.06	0.08

Cannagistics 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.

Cannagistics's Total Assets for the fiscal year that ended in Jul. 2021 is calculated as

Total Assets	=	Total Equity (A: Jul. 2021 )	+	Total Liabilities (A: Jul. 2021 )
	=	-5.647	+	5.692
	=	0.04

Cannagistics's Total Assets for the quarter that ended in Apr. 2022 is calculated as

Total Assets	=	Total Equity (Q: Apr. 2022 )	+	Total Liabilities (Q: Apr. 2022 )
	=	-6.624	+	6.706
	=	0.08

Cannagistics (OTCPK:CNGT) Total Assets Explanation

Total Assets is connected with ROA %.

Cannagistics's annualized ROA % for the quarter that ended in Apr. 2022 is

ROA %	=	Net Income (Q: Apr. 2022 )	/	( (Total Assets (Q: Jan. 2022 )	+	Total Assets (Q: Apr. 2022 ))	/ count )
	=	-1.28	/	( (0.058	+	0.082)	/ 2 )
	=	-1.28	/	0.07
	=	-1,828.57 %

Note: The Net Income data used here is four times the quarterly (Apr. 2022) 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.

Cannagistics's Asset Turnover for the quarter that ended in Apr. 2022 is

	Asset Turnover
=	Revenue (Q: Apr. 2022 )	/	( (Total Assets (Q: Jan. 2022 )	+	Total Assets (Q: Apr. 2022 ))	/ count )
=	0	/	( (0.058	+	0.082)	/ 2 )
=	0	/	0.07
=	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.

Cannagistics Total Assets Related Terms

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