Aisix Solutions (TSXV:AISX) Total Assets : C$1.00 Mil (As of Dec. 2023)

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What is Aisix Solutions Total Assets?

Aisix Solutions's Total Assets for the quarter that ended in Dec. 2023 was C$1.00 Mil.

During the past 12 months, Aisix Solutions's average Total Assets Growth Rate was -6.60% per year. During the past 3 years, the average Total Assets Growth Rate was -11.10% per year. During the past 5 years, the average Total Assets Growth Rate was 120.20% per year.

During the past 7 years, Aisix Solutions's highest 3-Year average Total Assets Growth Rate was 723.80%. The lowest was -18.40%. And the median was 86.65%.

Total Assets is connected with ROA %. Aisix Solutions's annualized ROA % for the quarter that ended in Dec. 2023 was -118.60%. Total Assets is also linked to Revenue through Asset Turnover. Aisix Solutions's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Aisix Solutions Total Assets Historical Data

The historical data trend for Aisix Solutions'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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Aisix Solutions Total Assets Chart

Aisix Solutions Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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4.65

1.87

3.74

1.52

1.00

Aisix Solutions Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial															1.52	1.12	0.98	1.43	1.00

Aisix Solutions 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.

Aisix Solutions'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 )
	=	0.709	+	0.294
	=	1.00

Aisix Solutions's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	0.709	+	0.294
	=	1.00

Aisix Solutions (TSXV:AISX) Total Assets Explanation

Total Assets is connected with ROA %.

Aisix Solutions's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	-1.444	/	( (1.432	+	1.003)	/ 2 )
	=	-1.444	/	1.2175
	=	-118.60 %

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

Aisix Solutions's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	0	/	( (1.432	+	1.003)	/ 2 )
=	0	/	1.2175
=	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.

Aisix Solutions Total Assets Related Terms

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Aisix Solutions (TSXV:AISX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Aisix Solutions Inc (TSXV:AISX) » Definitions » Total Assets

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AISXF:USA

Address

1166 Alberni Street, Suite 810, Vancouver, BC, CAN, V6E 3Z3

Website

https://www.minervaintelligence.com

Aisix Solutions Inc Formerly Minerva Intelligence Inc is engaged in developing and marketing AI software products to various industries with technical and scientific data. Its AI Platform combines human domain expertise with information from public and private databases in a cognitive computer reasoning system to carry out complex tasks faster. Geographically, it derives a majority of its revenue from Canada and also has a presence in the United States.

Executives

Mihalis Belantis

Senior Officer

Aisix Solutions (TSXV:AISX) Headlines

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