CXBS (Corix Bioscience) Total Assets: $4.34 Mil (As of Sep. 2017)


What is Corix Bioscience Total Assets?

Corix Bioscience CXBS -99.00% Total Assets is $4.34 Mil as of Sep. 2017.

Corix Bioscience's Total Assets for the quarter that ended in Sep. 2017 was $4.34 Mil.

Total Assets is connected with ROA %. Corix Bioscience's annualized ROA % for the quarter that ended in Sep. 2017 was -169.72%. Total Assets is also linked to Revenue through Asset Turnover. Corix Bioscience's Asset Turnover for the quarter that ended in Sep. 2017 was 0.00.

Corix Bioscience  (OTCPK:CXBS) Total Assets Explanation

Total Assets is connected with ROA %.

Corix Bioscience's annualized ROA % for the quarter that ended in Sep. 2017 is

ROA %=Net Income (Q: Sep. 2017 )/( (Total Assets (Q: Jun. 2017 )+Total Assets (Q: Sep. 2017 ))/ count )
=-12.56/( (10.457+4.344)/ 2 )
=-12.56/7.4005
=-169.72 %

Note: The Net Income data used here is four times the quarterly (Sep. 2017) 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.

Corix Bioscience's Asset Turnover for the quarter that ended in Sep. 2017 is

Asset Turnover
=Revenue (Q: Sep. 2017 )/( (Total Assets (Q: Jun. 2017 )+Total Assets (Q: Sep. 2017 ))/ count )
=0/( (10.457+4.344)/ 2 )
=0/7.4005
=0.00

* 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.

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.

Corix Bioscience Total Assets Related Terms

Corix Bioscience Total Assets Historical Data

* Premium members only.

The historical data trend for Corix Bioscience'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.

Corix Bioscience Total Assets Chart

Corix Bioscience Annual Data
Trend Jan09 Jan10 Jan11 Jan12 Jan13 Jan14 Jan15 Dec16
Total Assets
Get a 7-Day Free Trial 0.00 0.00 0.00 0.00 11.37

Corix Bioscience Quarterly Data
Oct12 Jan13 Apr13 Jul13 Oct13 Jan14 Apr14 Jul14 Oct14 Jan15 Apr15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 12.05 11.37 0.00 10.46 4.34

Corix Bioscience 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.

Corix Bioscience's Total Assets for the fiscal year that ended in Dec. 2016 is calculated as

Total Assets=Total Equity (A: Dec. 2016 )+Total Liabilities (A: Dec. 2016 )
=5.606+5.764
=11.37

Corix Bioscience's Total Assets for the quarter that ended in Sep. 2017 is calculated as

Total Assets=Total Equity (Q: Sep. 2017 )+Total Liabilities (Q: Sep. 2017 )
=3.558+0.786
=4.34

* 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.

Frequently Asked Questions Learn more about Total Assets →
What does a Total Assets of $4.34 Mil mean?
Corix Bioscience (CXBS) has a Total Assets of $4.34 Mil as of Sep. 2017. The total amount of assets as recorded on a company's balance sheet. View historical data on Corix Bioscience and its competitors.
Is Corix Bioscience's Total Assets too high?
Corix Bioscience's current Total Assets is $4.34 Mil.
How does Corix Bioscience's Total Assets compare to BKIT and YBAO?
Corix Bioscience's Total Assets of $4.34 Mil can be compared against companies in the Drug Manufacturers industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Assets for a Drug Manufacturers company?
A good Total Assets depends on the Drug Manufacturers industry context. However, Total Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Assets mean?
A high Total Assets can signal that a stock is expensive relative to its fundamentals. The total amount of assets as recorded on a company's balance sheet. View historical data on Corix Bioscience and its competitors. Corix Bioscience's current Total Assets is $4.34 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Corix Bioscience stock overvalued right now?
Corix Bioscience (CXBS) has a current Total Assets of $4.34 Mil. The current Total Assets is $4.34 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Assets calculated?
Total Assets is calculated from a company's financial statements. For Corix Bioscience (CXBS), the current Total Assets is $4.34 Mil as of Sep. 2017. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Corix Bioscience Business Description

Address 18662 MaCaurther Boulevard, Suite 200, Irvine, CA, USA, 85085
Corix Bioscience Inc is a United States-based research and development firm of cannabidiol (CBD) products and treatments. It is engaged in the business of producing organic CBD oil used for medical applications and treatments. In addition, the group is also focused on the production of tetrahydrocannabivarin oil. The company is focused on operations in Oregon, California, and Nevada, United States.