Beyond Oil (XCNQ:BOIL) Total Assets : C$6.79 Mil (As of Mar. 2024)

View and export this data going back to 2022. Start your Free Trial

What is Beyond Oil Total Assets?

Beyond Oil's Total Assets for the quarter that ended in Mar. 2024 was C$6.79 Mil.

During the past 12 months, Beyond Oil's average Total Assets Growth Rate was -4.10% per year.

Total Assets is connected with ROA %. Beyond Oil's annualized ROA % for the quarter that ended in Mar. 2024 was -61.33%. Total Assets is also linked to Revenue through Asset Turnover. Beyond Oil's Asset Turnover for the quarter that ended in Mar. 2024 was 0.03.

Beyond Oil Total Assets Historical Data

The historical data trend for Beyond Oil'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.

Beyond Oil Total Assets Chart

Beyond Oil Annual Data

Trend

Dec21

Dec22

Dec23

Total Assets

6.23

6.51

5.73

Beyond Oil Quarterly Data
	Jun20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial									6.51	8.21	5.88	5.73	6.79

Beyond Oil 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.

Beyond Oil'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 )
	=	3.869	+	1.862
	=	5.73

Beyond Oil's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	4.946	+	1.845
	=	6.79

Beyond Oil (XCNQ:BOIL) Total Assets Explanation

Total Assets is connected with ROA %.

Beyond Oil's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	-3.84	/	( (5.731	+	6.791)	/ 2 )
	=	-3.84	/	6.261
	=	-61.33 %

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

Beyond Oil's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	0.18	/	( (5.731	+	6.791)	/ 2 )
=	0.18	/	6.261
=	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.

Beyond Oil Total Assets Related Terms

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

Beyond Oil (XCNQ:BOIL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Beyond Oil Ltd (XCNQ:BOIL) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

BEOLF:USA

Address

1208 Rosewood Crescent, North Vancouver, Vancouver, BC, CAN, V7P1H4

Website

https://www.beyondoil.co

Beyond Oil Ltd is a food-tech company that has developed a solution to reduce free fatty acid from oil while preserving the oil's quality and nutritional value. The company develops products that extend the usable life of frying oil improve food quality and reduce frying oil costs. It offers FryDay which is an active filter powder that eliminates harmful Free Fatty Acids (FFA) generated in the oil.

Executives

Robert Jalun Kiesman	Director, Senior Officer
Jonathan Or	Director, Senior Officer