FRX Innovations (TSXV:FRXI) Total Assets : C$27.87 Mil (As of Sep. 2023)

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What is FRX Innovations Total Assets?

FRX Innovations's Total Assets for the quarter that ended in Sep. 2023 was C$27.87 Mil.

During the past 12 months, FRX Innovations's average Total Assets Growth Rate was 1.00% per year. During the past 3 years, the average Total Assets Growth Rate was -3.80% per year.

During the past 5 years, FRX Innovations's highest 3-Year average Total Assets Growth Rate was -3.80%. The lowest was -4.60%. And the median was -4.20%.

Total Assets is connected with ROA %. FRX Innovations's annualized ROA % for the quarter that ended in Sep. 2023 was -37.33%. Total Assets is also linked to Revenue through Asset Turnover. FRX Innovations's Asset Turnover for the quarter that ended in Sep. 2023 was 0.03.

FRX Innovations Total Assets Historical Data

The historical data trend for FRX Innovations'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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FRX Innovations Total Assets Chart

FRX Innovations Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Total Assets

41.93

38.32

35.71

32.60

31.77

FRX Innovations Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Total Assets	Get a 7-Day Free Trial									28.16	31.77	32.59	30.96	27.87

FRX Innovations 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.

FRX Innovations'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 )
	=	8.167	+	23.603
	=	31.77

FRX Innovations'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 )
	=	5.272	+	22.601
	=	27.87

FRX Innovations (TSXV:FRXI) Total Assets Explanation

Total Assets is connected with ROA %.

FRX Innovations's annualized ROA % for the quarter that ended in Sep. 2023 is

ROA %	=	Net Income (Q: Sep. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
	=	-10.98	/	( (30.96	+	27.873)	/ 2 )
	=	-10.98	/	29.4165
	=	-37.33 %

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.

FRX Innovations's Asset Turnover for the quarter that ended in Sep. 2023 is

	Asset Turnover
=	Revenue (Q: Sep. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
=	0.851	/	( (30.96	+	27.873)	/ 2 )
=	0.851	/	29.4165
=	0.03

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.

FRX Innovations Total Assets Related Terms

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FRX Innovations (TSXV:FRXI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » FRX Innovations Inc (TSXV:FRXI) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

FRXIF:USA W2A:Germany

Address

200 Turnpike Road, Chelmsford, MA, USA, 01824

Website

https://www.frx-innovations.com

FRX Innovations Inc is a manufacturer of environmentally sustainable flame retardant solutions within the plastics and additives market that serve a number of large markets spanning electronics, automotive, electric vehicles (EV), and medical devices. The company manufactures products under the brand name Nofia. Its product portfolio consists of Nofia Polyphosphonates, which are produced using sustainable green chemistry principles such as a solvent-free production process, no waste byproducts, and atom efficiency; Nofia Homopolymers; Nofia Reactive Oligomers.

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