VXIT (VirExit Technologies) Total Assets: $0.05 Mil (As of May. 2019)


What is VirExit Technologies Total Assets?

VirExit Technologies VXIT Total Assets is $0.05 Mil as of May. 2019.

VirExit Technologies's Total Assets for the quarter that ended in May. 2019 was $0.05 Mil.

Total Assets is connected with ROA %. VirExit Technologies's annualized ROA % for the quarter that ended in May. 2019 was -10,836.36%. Total Assets is also linked to Revenue through Asset Turnover. VirExit Technologies's Asset Turnover for the quarter that ended in May. 2019 was 0.00.

VirExit Technologies  (OTCPK:VXIT) Total Assets Explanation

Total Assets is connected with ROA %.

VirExit Technologies's annualized ROA % for the quarter that ended in May. 2019 is

ROA %=Net Income (Q: May. 2019 )/( (Total Assets (Q: Feb. 2019 )+Total Assets (Q: May. 2019 ))/ count )
=-4.172/( (0.028+0.049)/ 2 )
=-4.172/0.0385
=-10,836.36 %

Note: The Net Income data used here is four times the quarterly (May. 2019) 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.

VirExit Technologies's Asset Turnover for the quarter that ended in May. 2019 is

Asset Turnover
=Revenue (Q: May. 2019 )/( (Total Assets (Q: Feb. 2019 )+Total Assets (Q: May. 2019 ))/ count )
=0/( (0.028+0.049)/ 2 )
=0/0.0385
=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.

VirExit Technologies Total Assets Related Terms

VirExit Technologies Total Assets Historical Data

* Premium members only.

The historical data trend for VirExit Technologies'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.

VirExit Technologies Total Assets Chart

VirExit Technologies Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18
Total Assets
0.16 0.08 0.15 0.08 0.01

VirExit Technologies Quarterly Data
Aug14 Nov14 Feb15 May15 Aug15 Nov15 Feb16 May16 Aug16 Nov16 Feb17 May17 Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19
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 Premium Member Only Premium Member Only 0.01 0.01 0.10 0.03 0.05

VirExit Technologies 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.

VirExit Technologies's Total Assets for the fiscal year that ended in Aug. 2018 is calculated as

Total Assets=Total Equity (A: Aug. 2018 )+Total Liabilities (A: Aug. 2018 )
=-2.811+2.825
=0.01

VirExit Technologies's Total Assets for the quarter that ended in May. 2019 is calculated as

Total Assets=Total Equity (Q: May. 2019 )+Total Liabilities (Q: May. 2019 )
=-3.03+3.08
=0.05

* 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.

Frequently Asked Questions Learn more about Total Assets →
What does a Total Assets of $0.05 Mil mean?
VirExit Technologies (VXIT) has a Total Assets of $0.05 Mil as of May. 2019. The total amount of assets as recorded on a company's balance sheet. View historical data on VirExit Technologies and its competitors.
Is VirExit Technologies' Total Assets too high?
VirExit Technologies' current Total Assets is $0.05 Mil.
How does VirExit Technologies' Total Assets compare to RIHT and GEQU?
VirExit Technologies' Total Assets of $0.05 Mil can be compared against companies in the Utilities - Independent Power Producers industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Assets for an Utilities - Independent Power Producers company?
A good Total Assets depends on the Utilities - Independent Power Producers industry context. However, Total Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Assets mean?
A high Total Assets can signal that a stock is expensive relative to its fundamentals. The total amount of assets as recorded on a company's balance sheet. View historical data on VirExit Technologies and its competitors. VirExit Technologies's current Total Assets is $0.05 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VirExit Technologies stock overvalued right now?
VirExit Technologies (VXIT) has a current Total Assets of $0.05 Mil. The current Total Assets is $0.05 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Assets calculated?
Total Assets is calculated from a company's financial statements. For VirExit Technologies (VXIT), the current Total Assets is $0.05 Mil as of May. 2019. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

VirExit Technologies Business Description

Address 1280 Lexington Avenue, FRNT 2 No.1292, New York, NY, USA, 10028
VirExit Technologies Inc is established as a renewable energy company, incubating solar technologies to establish electrification, education, connectivity, and media distribution infrastructures in rural communities across the globe to empower the individual, community, and local economy.