American Biofuels (TSXV:ABS.H) Total Assets : C$0.02 Mil (As of Jan. 2024)

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What is American Biofuels Total Assets?

American Biofuels's Total Assets for the quarter that ended in Jan. 2024 was C$0.02 Mil.

During the past 12 months, American Biofuels's average Total Assets Growth Rate was 40.00% per year. During the past 3 years, the average Total Assets Growth Rate was -5.90% per year. During the past 5 years, the average Total Assets Growth Rate was -32.60% per year. During the past 10 years, the average Total Assets Growth Rate was -34.90% per year.

During the past 13 years, American Biofuels's highest 3-Year average Total Assets Growth Rate was 1107.60%. The lowest was -67.60%. And the median was -21.00%.

Total Assets is connected with ROA %. American Biofuels's annualized ROA % for the quarter that ended in Jan. 2024 was -2,289.66%. Total Assets is also linked to Revenue through Asset Turnover. American Biofuels's Asset Turnover for the quarter that ended in Jan. 2024 was 0.00.

American Biofuels Total Assets Historical Data

The historical data trend for American Biofuels'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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American Biofuels Total Assets Chart

American Biofuels Annual Data

Trend

Apr14

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Apr23

Total Assets

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0.47

0.01

American Biofuels Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Total Assets	Get a 7-Day Free Trial															0.01	0.01	0.01	0.01	0.02

American Biofuels 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.

American Biofuels'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 )
	=	-3.245	+	3.259
	=	0.01

American Biofuels'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 )
	=	-3.502	+	3.516
	=	0.01

American Biofuels (TSXV:ABS.H) Total Assets Explanation

Total Assets is connected with ROA %.

American Biofuels'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 )
	=	-0.332	/	( (0.014	+	0.015)	/ 2 )
	=	-0.332	/	0.0145
	=	-2,289.66 %

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.

American Biofuels'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	/	( (0.014	+	0.015)	/ 2 )
=	0	/	0.0145
=	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.

American Biofuels Total Assets Related Terms

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American Biofuels (TSXV:ABS.H) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » American Biofuels Inc (TSXV:ABS.H) » Definitions » Total Assets

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Address

303 - 595 Howe Street, P.O. Box 4, Vancouver, BC, CAN, V6C 2T5

Website

https://www.transamericanenergy.com

American Biofuels Inc is engaged in the acquisition, exploration, and development of oil and gas properties and exploring alternative energy biofuel solutions. The company conducts all of its operations in the United States and Canada.

American Biofuels (TSXV:ABS.H) Headlines

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