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Canada Jetlines Operations (NEOE:CJET) Total Assets : C$50.35 Mil (As of Mar. 2024)


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What is Canada Jetlines Operations Total Assets?

Canada Jetlines Operations's Total Assets for the quarter that ended in Mar. 2024 was C$50.35 Mil.

During the past 12 months, Canada Jetlines Operations's average Total Assets Growth Rate was 90.50% per year. During the past 3 years, the average Total Assets Growth Rate was 1451.90% per year.

During the past 5 years, Canada Jetlines Operations's highest 3-Year average Total Assets Growth Rate was 1451.90%. The lowest was 507.10%. And the median was 979.50%.

Total Assets is connected with ROA %. Canada Jetlines Operations's annualized ROA % for the quarter that ended in Mar. 2024 was -50.56%. Total Assets is also linked to Revenue through Asset Turnover. Canada Jetlines Operations's Asset Turnover for the quarter that ended in Mar. 2024 was 0.23.

Canada Jetlines Operations Total Assets Historical Data

The historical data trend for Canada Jetlines Operations'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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Canada Jetlines Operations Total Assets Chart

Canada Jetlines Operations Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Total Assets
0.22 0.02 5.24 27.29 50.22

Canada Jetlines Operations Quarterly Data
Dec19 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 28.37 27.86 45.25 50.22 50.35

Canada Jetlines Operations 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.

Canada Jetlines Operations'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 )
=-5.707+55.925
=50.22

Canada Jetlines Operations's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets=Total Equity (Q: Mar. 2024 )+Total Liabilities (Q: Mar. 2024 )
=-4.547+54.892
=50.35

* 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.

Canada Jetlines Operations  (NEOE:CJET) Total Assets Explanation

Total Assets is connected with ROA %.

Canada Jetlines Operations's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %=Net Income (Q: Mar. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Mar. 2024 ))/ count )
=-25.42/( (50.218+50.345)/ 2 )
=-25.42/50.2815
=-50.56 %

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

Canada Jetlines Operations's Asset Turnover for the quarter that ended in Mar. 2024 is

Asset Turnover
=Revenue (Q: Mar. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Mar. 2024 ))/ count )
=11.498/( (50.218+50.345)/ 2 )
=11.498/50.2815
=0.23

* 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.

Canada Jetlines Operations Total Assets Related Terms

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Canada Jetlines Operations (NEOE:CJET) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Canada Jetlines Operations Ltd (NEOE:CJET) » Definitions » Total Assets
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Traded in Other Exchanges
CAJTF:USA
Address
1055 West Georgia Street, Suite 2400, Vancouver, BC, CAN, V6E 3P3
Website
https://www.jetlines.com
Canada Jetlines Operations Ltd operates as a leisure carrier. The group utilizes a growing fleet of Airbus A320 aircraft that provides passengers with another choice to travel to preferred destinations within the U.S., Caribbean, and Mexico. It generates maximum revenue from charter services.