GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » NEXE Innovations Inc (TSXV:NEXE) » Definitions » Total Assets

NEXE Innovations (TSXV:NEXE) Total Assets : C$38.04 Mil (As of Feb. 2024)


View and export this data going back to 2020. Start your Free Trial

What is NEXE Innovations Total Assets?

NEXE Innovations's Total Assets for the quarter that ended in Feb. 2024 was C$38.04 Mil.

During the past 12 months, NEXE Innovations's average Total Assets Growth Rate was 4.60% per year. During the past 3 years, the average Total Assets Growth Rate was 73.40% per year.

During the past 4 years, NEXE Innovations's highest 3-Year average Total Assets Growth Rate was 73.40%. The lowest was 73.40%. And the median was 73.40%.

Total Assets is connected with ROA %. NEXE Innovations's annualized ROA % for the quarter that ended in Feb. 2024 was -11.72%. Total Assets is also linked to Revenue through Asset Turnover. NEXE Innovations's Asset Turnover for the quarter that ended in Feb. 2024 was 0.00.

NEXE Innovations Total Assets Historical Data

The historical data trend for NEXE 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.

* Premium members only.

NEXE Innovations Total Assets Chart

NEXE Innovations Annual Data
Trend May20 May21 May22 May23
Total Assets
8.64 57.68 49.17 43.36

NEXE Innovations Quarterly Data
Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 44.94 43.36 40.92 39.49 38.04

NEXE 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.

NEXE Innovations's Total Assets for the fiscal year that ended in May. 2023 is calculated as

Total Assets=Total Equity (A: May. 2023 )+Total Liabilities (A: May. 2023 )
=39.49+3.868
=43.36

NEXE Innovations's Total Assets for the quarter that ended in Feb. 2024 is calculated as

Total Assets=Total Equity (Q: Feb. 2024 )+Total Liabilities (Q: Feb. 2024 )
=35.202+2.833
=38.04

* 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.

NEXE Innovations  (TSXV:NEXE) Total Assets Explanation

Total Assets is connected with ROA %.

NEXE Innovations's annualized ROA % for the quarter that ended in Feb. 2024 is

ROA %=Net Income (Q: Feb. 2024 )/( (Total Assets (Q: Nov. 2023 )+Total Assets (Q: Feb. 2024 ))/ count )
=-4.544/( (39.487+38.035)/ 2 )
=-4.544/38.761
=-11.72 %

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

NEXE Innovations's Asset Turnover for the quarter that ended in Feb. 2024 is

Asset Turnover
=Revenue (Q: Feb. 2024 )/( (Total Assets (Q: Nov. 2023 )+Total Assets (Q: Feb. 2024 ))/ count )
=0.025/( (39.487+38.035)/ 2 )
=0.025/38.761
=0.00

* 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.

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.

NEXE Innovations Total Assets Related Terms

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

NEXE Innovations (TSXV:NEXE) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » NEXE Innovations Inc (TSXV:NEXE) » Definitions » Total Assets
Comparable Companies
TSXV:GDNP TSXV:PRH TSXV:IFX TSX:SXP BALL AVY PKG AMCR IP CCK WRK SZSE:002812 DUB:SK3 XSWX:SIGN TSX:CCL.A GPK BERY SON REYN LSE:SMDS
Traded in Other Exchanges
NEXNF:USA NX5:Germany
Address
19355 22nd Avenue, Suite 109, Surrey, BC, CAN, V3Z3S6
Website
https://www.nexeinnovations.com
NEXE Innovations Inc is a plant-based compostable technology and materials manufacturing based in British Columbia, Canada. The Company has developed patented, fully compostable, plant-based, single-serve coffee pods for use in single-serve coffee machines. The NEXE Pod is fully compostable, single-use pod will offer the market an environmentally friendly alternative to the over billions of plastic and aluminum pod market.
Executives
Ashvani Guglani Director

NEXE Innovations (TSXV:NEXE) Headlines

No Headlines