Luxxfolio Holdings (Luxxfolio Holdings) Total Assets : $0.03 Mil (As of Feb. 2024)

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What is Luxxfolio Holdings Total Assets?

Luxxfolio Holdings's Total Assets for the quarter that ended in Feb. 2024 was $0.03 Mil.

During the past 12 months, Luxxfolio Holdings's average Total Assets Growth Rate was -99.50% per year. During the past 3 years, the average Total Assets Growth Rate was 44.20% per year. During the past 5 years, the average Total Assets Growth Rate was 6.40% per year.

During the past 6 years, Luxxfolio Holdings's highest 3-Year average Total Assets Growth Rate was 458.50%. The lowest was 44.20%. And the median was 210.10%.

Total Assets is connected with ROA %. Luxxfolio Holdings's annualized ROA % for the quarter that ended in Feb. 2024 was -266.67%. Total Assets is also linked to Revenue through Asset Turnover. Luxxfolio Holdings's Asset Turnover for the quarter that ended in Feb. 2024 was 0.00.

Luxxfolio Holdings Total Assets Historical Data

The historical data trend for Luxxfolio Holdings'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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Luxxfolio Holdings Total Assets Chart

Luxxfolio Holdings Annual Data

Trend

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Total Assets

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0.12

0.10

18.55

6.54

0.06

Luxxfolio Holdings Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Total Assets	Get a 7-Day Free Trial															1.72	0.07	0.06	0.04	0.03

Luxxfolio Holdings 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.

Luxxfolio Holdings's Total Assets for the fiscal year that ended in Aug. 2023 is calculated as

Total Assets	=	Total Equity (A: Aug. 2023 )	+	Total Liabilities (A: Aug. 2023 )
	=	-0.101	+	0.16
	=	0.06

Luxxfolio Holdings's Total Assets for the quarter that ended in Feb. 2024 is calculated as

Total Assets	=	Total Equity (Q: Feb. 2024 )	+	Total Liabilities (Q: Feb. 2024 )
	=	-0.124	+	0.158
	=	0.03

Luxxfolio Holdings (OTCPK:LUXFF) Total Assets Explanation

Total Assets is connected with ROA %.

Luxxfolio Holdings's annualized ROA % for the quarter that ended in Feb. 2024 is

ROA %	=	Net Income (Q: Feb. 2024 )	/	( (Total Assets (Q: Nov. 2023 )	+	Total Assets (Q: Feb. 2024 ))	/ count )
	=	-0.096	/	( (0.039	+	0.033)	/ 2 )
	=	-0.096	/	0.036
	=	-266.67 %

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

Luxxfolio Holdings's Asset Turnover for the quarter that ended in Feb. 2024 is

	Asset Turnover
=	Revenue (Q: Feb. 2024 )	/	( (Total Assets (Q: Nov. 2023 )	+	Total Assets (Q: Feb. 2024 ))	/ count )
=	0	/	( (0.039	+	0.033)	/ 2 )
=	0	/	0.036
=	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.

Luxxfolio Holdings Total Assets Related Terms

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Luxxfolio Holdings (Luxxfolio Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Luxxfolio Holdings Inc (OTCPK:LUXFF) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

LUH:Germany LUXX:Canada

Address

417 - 1080 Mainland Street, Vancouver, BC, CAN, V6B 2T4

Website

https://www.luxxfolio.com

Luxxfolio Holdings Inc is a vertically-integrated digital asset company based in Canada. It is a digital infrastructure provider for bitcoin mining and data hosting operations. It earns revenue in the form of Cryptocurrency mining and also generates a substantial part of its revenue from hosting third party miners in the form of fixed monthly charges as well as variable charges based on power consumed. Geographically, it is present in Canada and USA, with a majority of its revenue being derived from its operations in USA.