Braxia Scientific (XCNQ:BRAX) Total Assets : C$2.34 Mil (As of Dec. 2023)

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What is Braxia Scientific Total Assets?

Braxia Scientific's Total Assets for the quarter that ended in Dec. 2023 was C$2.34 Mil.

During the past 12 months, Braxia Scientific's average Total Assets Growth Rate was -72.00% per year.

Total Assets is connected with ROA %. Braxia Scientific's annualized ROA % for the quarter that ended in Dec. 2023 was -138.21%. Total Assets is also linked to Revenue through Asset Turnover. Braxia Scientific's Asset Turnover for the quarter that ended in Dec. 2023 was 0.19.

Braxia Scientific Total Assets Historical Data

The historical data trend for Braxia Scientific'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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Braxia Scientific Total Assets Chart

Braxia Scientific Annual Data

Trend

Mar21

Mar22

Mar23

Total Assets

18.49

11.63

3.88

Braxia Scientific Quarterly Data
	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												9.39	3.88	2.71	2.91	2.34

Braxia Scientific 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.

Braxia Scientific's Total Assets for the fiscal year that ended in Mar. 2023 is calculated as

Total Assets	=	Total Equity (A: Mar. 2023 )	+	Total Liabilities (A: Mar. 2023 )
	=	1.605	+	2.279
	=	3.88

Braxia Scientific'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 )
	=	-0.366	+	2.704
	=	2.34

Braxia Scientific (XCNQ:BRAX) Total Assets Explanation

Total Assets is connected with ROA %.

Braxia Scientific'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 )
	=	-3.628	/	( (2.912	+	2.338)	/ 2 )
	=	-3.628	/	2.625
	=	-138.21 %

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.

Braxia Scientific'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 )
=	0.492	/	( (2.912	+	2.338)	/ 2 )
=	0.492	/	2.625
=	0.19

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.

Braxia Scientific Total Assets Related Terms

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Braxia Scientific (XCNQ:BRAX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Braxia Scientific Corp (XCNQ:BRAX) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

BRAXF:USA 4960:Germany

Address

700 Bay Street, Suite 1903, Toronto, ON, CAN, M5G 1Z6

Website

https://www.braxiascientific.com

Braxia Scientific Corp is a research-driven medical solutions company that aims to reduce the illness burden of brain-based mental disorders such as depressive disorder among others. It is primarily focused on owning and operating multidisciplinary clinics, providing treatment for mental health disorders, and research activities related to discovering and commercializing novel drugs and delivery methods. The company develops ketamine and psilocybin derivatives and other psychedelic products from its IP development platform.

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