KNBIF (Kane Biotech) Total Assets : $2.88 Mil (As of Sep. 2024)

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What is Kane Biotech Total Assets?

Kane Biotech's Total Assets for the quarter that ended in Sep. 2024 was $2.88 Mil.

During the past 12 months, Kane Biotech's average Total Assets Growth Rate was -23.40% per year. During the past 3 years, the average Total Assets Growth Rate was 7.00% per year. During the past 5 years, the average Total Assets Growth Rate was 28.60% per year. During the past 10 years, the average Total Assets Growth Rate was 19.80% per year.

During the past 13 years, Kane Biotech's highest 3-Year average Total Assets Growth Rate was 64.00%. The lowest was -3.90%. And the median was 9.25%.

Total Assets is connected with ROA %. Kane Biotech's annualized ROA % for the quarter that ended in Sep. 2024 was -61.07%. Total Assets is also linked to Revenue through Asset Turnover. Kane Biotech's Asset Turnover for the quarter that ended in Sep. 2024 was 0.32.

Kane Biotech Total Assets Historical Data

The historical data trend for Kane Biotech'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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Kane Biotech Total Assets Chart

Kane Biotech Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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2.09

3.93

4.79

4.14

4.23

Kane Biotech Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Assets	Get a 7-Day Free Trial															4.44	4.23	4.28	2.97	2.88

Kane Biotech 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.

Kane Biotech's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	-6.268	+	10.502
	=	4.23

Kane Biotech's Total Assets for the quarter that ended in Sep. 2024 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2024 )	+	Total Liabilities (Q: Sep. 2024 )
	=	-0.509	+	3.391
	=	2.88

Kane Biotech (OTCPK:KNBIF) Total Assets Explanation

Total Assets is connected with ROA %.

Kane Biotech's annualized ROA % for the quarter that ended in Sep. 2024 is

ROA %	=	Net Income (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
	=	-1.788	/	( (2.973	+	2.883)	/ 2 )
	=	-1.788	/	2.928
	=	-61.07 %

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

Kane Biotech's Asset Turnover for the quarter that ended in Sep. 2024 is

	Asset Turnover
=	Revenue (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
=	0.947	/	( (2.973	+	2.883)	/ 2 )
=	0.947	/	2.928
=	0.32

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.

Kane Biotech Total Assets Related Terms

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Kane Biotech Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Kane Biotech Inc (OTCPK:KNBIF) » Definitions » Total Assets

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KNE:Canada

Address

290-100 Innovation Drive, Winnipeg, MB, CAN, R3T 6G2

Website

https://www.kanebiotech.com

Kane Biotech Inc is a biotechnology company engaged in the research, development and commercialization of technologies and products that prevent and remove microbial biofilms. The company has a portfolio of biotechnologies, intellectual property and products developed by its own biofilm research expertise and acquired from research institutions. The Company has a separate operating segment for its Stem Animal Health subsidiary, which operates the animal health business. The firm is also engaged in the animal health business through its Stem Animal Health subsidiary.