Nextech3d AI (Nextech3d AI) Total Assets : $1.49 Mil (As of Mar. 2024)

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What is Nextech3d AI Total Assets?

Nextech3d AI's Total Assets for the quarter that ended in Mar. 2024 was $1.49 Mil.

During the past 12 months, Nextech3d AI's average Total Assets Growth Rate was -84.70% per year. During the past 3 years, the average Total Assets Growth Rate was -53.30% per year. During the past 5 years, the average Total Assets Growth Rate was 1.70% per year.

During the past 6 years, Nextech3d AI's highest 3-Year average Total Assets Growth Rate was 108.80%. The lowest was -53.30%. And the median was 21.10%.

Total Assets is connected with ROA %. Nextech3d AI's annualized ROA % for the quarter that ended in Mar. 2024 was -217.12%. Total Assets is also linked to Revenue through Asset Turnover. Nextech3d AI's Asset Turnover for the quarter that ended in Mar. 2024 was 0.41.

Nextech3d AI Total Assets Historical Data

The historical data trend for Nextech3d AI'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.

* Premium members only.

Nextech3d AI Total Assets Chart

Nextech3d AI Annual Data

Trend

May18

May19

Dec20

Dec21

Dec22

Dec23

Total Assets

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5.83

22.70

23.06

12.61

2.23

Nextech3d AI Quarterly Data
	May19	Aug19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															11.68	11.11	9.94	2.23	1.49

Nextech3d AI 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.

Nextech3d AI'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 )
	=	-1.119	+	3.345
	=	2.23

Nextech3d AI'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 )
	=	-2.12	+	3.608
	=	1.49

Nextech3d AI (OTCPK:NEXCF) Total Assets Explanation

Total Assets is connected with ROA %.

Nextech3d AI'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 )
	=	-4.032	/	( (2.226	+	1.488)	/ 2 )
	=	-4.032	/	1.857
	=	-217.12 %

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.

Nextech3d AI'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 )
=	0.757	/	( (2.226	+	1.488)	/ 2 )
=	0.757	/	1.857
=	0.41

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.

Nextech3d AI Total Assets Related Terms

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Nextech3d AI (Nextech3d AI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Nextech3d AI Corp (OTCPK:NEXCF) » Definitions » Total Assets

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Traded in Other Exchanges

1SS:Germany NTAR:Canada

Address

Toronto Rpo Royal Bank Plaza, Po Box 64039, Toronto, ON, CAN, M5J 2T6

Website

https://www.nextechar.com

Nextech3d AI Corp is a diversified technology company that leverages proprietary artificial intelligence (AI) to create 3D models and experiences. Its main businesses are creating 3D models for Amazon as well as many other e-commerce retailers. The company develops and acquires disruptive technologies and once commercialized, spins them out as stand-alone public companies issuing a stock dividend to shareholders while retaining a ownership stake in the public spin-out.