NextGen Food Robotics (NEOE:NGRB) Total Assets : C$3.95 Mil (As of Jan. 2024)

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What is NextGen Food Robotics Total Assets?

NextGen Food Robotics's Total Assets for the quarter that ended in Jan. 2024 was C$3.95 Mil.

During the past 12 months, NextGen Food Robotics's average Total Assets Growth Rate was 42.10% per year.

Total Assets is connected with ROA %. NextGen Food Robotics's annualized ROA % for the quarter that ended in Jan. 2024 was -56.47%. Total Assets is also linked to Revenue through Asset Turnover. NextGen Food Robotics's Asset Turnover for the quarter that ended in Jan. 2024 was 0.02.

NextGen Food Robotics Total Assets Historical Data

The historical data trend for NextGen Food Robotics'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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NextGen Food Robotics Total Assets Chart

NextGen Food Robotics Annual Data

Trend

Apr22

Apr23

Total Assets

4.75

2.36

NextGen Food Robotics Quarterly Data
	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Total Assets	Get a 7-Day Free Trial						3.24	2.36	4.01	4.08	3.95

NextGen Food Robotics 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.

NextGen Food Robotics's Total Assets for the fiscal year that ended in Apr. 2023 is calculated as

Total Assets	=	Total Equity (A: Apr. 2023 )	+	Total Liabilities (A: Apr. 2023 )
	=	1.997	+	0.365
	=	2.36

NextGen Food Robotics's Total Assets for the quarter that ended in Jan. 2024 is calculated as

Total Assets	=	Total Equity (Q: Jan. 2024 )	+	Total Liabilities (Q: Jan. 2024 )
	=	2.681	+	1.27
	=	3.95

NextGen Food Robotics (NEOE:NGRB) Total Assets Explanation

Total Assets is connected with ROA %.

NextGen Food Robotics's annualized ROA % for the quarter that ended in Jan. 2024 is

ROA %	=	Net Income (Q: Jan. 2024 )	/	( (Total Assets (Q: Oct. 2023 )	+	Total Assets (Q: Jan. 2024 ))	/ count )
	=	-2.268	/	( (4.081	+	3.951)	/ 2 )
	=	-2.268	/	4.016
	=	-56.47 %

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

NextGen Food Robotics's Asset Turnover for the quarter that ended in Jan. 2024 is

	Asset Turnover
=	Revenue (Q: Jan. 2024 )	/	( (Total Assets (Q: Oct. 2023 )	+	Total Assets (Q: Jan. 2024 ))	/ count )
=	0.064	/	( (4.081	+	3.951)	/ 2 )
=	0.064	/	4.016
=	0.02

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.

NextGen Food Robotics Total Assets Related Terms

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NextGen Food Robotics (NEOE:NGRB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » NextGen Food Robotics Corp (NEOE:NGRB) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

NGRBF:USA O83:Germany

Address

855 Terminal Avenue, Vancouver, BC, CAN, V6A 2M9

Website

https://www.nextgenai.ca

NextGen Food Robotics Corp is a multi-division food manufacturing operation that offers commissary and ghost kitchens, co-pack and private label contract manufacturing, and in-house production of the Company's plant-based brand. Additionally, Nextgen is developing the Lily app, which is an AI-powered food application. The Company has two operating segments: co-packing and manufacturing operations and commissary kitchen operations in Canada.

NextGen Food Robotics (NEOE:NGRB) Headlines

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