NexOptic Technology (NexOptic Technology) Total Assets : $0.10 Mil (As of Sep. 2023)

View and export this data going back to . Start your Free Trial

What is NexOptic Technology Total Assets?

NexOptic Technology's Total Assets for the quarter that ended in Sep. 2023 was $0.10 Mil.

During the past 12 months, NexOptic Technology's average Total Assets Growth Rate was 108.10% per year. During the past 3 years, the average Total Assets Growth Rate was 30.60% per year. During the past 5 years, the average Total Assets Growth Rate was -73.40% per year. During the past 10 years, the average Total Assets Growth Rate was -25.60% per year.

During the past 13 years, NexOptic Technology's highest 3-Year average Total Assets Growth Rate was 312.50%. The lowest was -88.20%. And the median was 2.00%.

Total Assets is connected with ROA %. NexOptic Technology's annualized ROA % for the quarter that ended in Sep. 2023 was -365.00%. Total Assets is also linked to Revenue through Asset Turnover. NexOptic Technology's Asset Turnover for the quarter that ended in Sep. 2023 was 0.00.

NexOptic Technology Total Assets Historical Data

The historical data trend for NexOptic Technology'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.

NexOptic Technology Total Assets Chart

NexOptic Technology Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Total Assets

Get a 7-Day Free Trial

38.95

0.23

1.91

0.33

0.74

NexOptic Technology Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23
Total Assets	Get a 7-Day Free Trial															0.05	0.05	0.74	0.39	0.10

NexOptic Technology 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.

NexOptic Technology's Total Assets for the fiscal year that ended in Dec. 2022 is calculated as

Total Assets	=	Total Equity (A: Dec. 2022 )	+	Total Liabilities (A: Dec. 2022 )
	=	-0.727	+	1.47
	=	0.74

NexOptic Technology's Total Assets for the quarter that ended in Sep. 2023 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2023 )	+	Total Liabilities (Q: Sep. 2023 )
	=	-1.359	+	1.454
	=	0.10

NexOptic Technology (OTCPK:NXOPF) Total Assets Explanation

Total Assets is connected with ROA %.

NexOptic Technology's annualized ROA % for the quarter that ended in Sep. 2023 is

ROA %	=	Net Income (Q: Sep. 2023 )	/	( (Total Assets (Q: Mar. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
	=	-0.876	/	( (0.385	+	0.095)	/ 2 )
	=	-0.876	/	0.24
	=	-365.00 %

Note: The Net Income data used here is four times the quarterly (Sep. 2023) 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.

NexOptic Technology's Asset Turnover for the quarter that ended in Sep. 2023 is

	Asset Turnover
=	Revenue (Q: Sep. 2023 )	/	( (Total Assets (Q: Mar. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
=	0	/	( (0.385	+	0.095)	/ 2 )
=	0	/	0.24
=	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.

NexOptic Technology Total Assets Related Terms

Thank you for viewing the detailed overview of NexOptic Technology's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

NexOptic Technology (NexOptic Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » NexOptic Technology Corp (OTCPK:NXOPF) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

E3O1:Germany NXO:Canada

Address

409 Granville Street, Suite 1500, Vancouver, BC, CAN, V6C 1T2

Website

https://www.nexoptic.com

NexOptic Technology Corp engages in the investment and development of technologies relating to imagery and light concentration for lens and image capture-based systems. The company's technology includes Aliis; Doubletake and Mobile Lens.