Core One Labs (XCNQ:COOL) Total Assets : C$7.40 Mil (As of Dec. 2023)

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What is Core One Labs Total Assets?

Core One Labs's Total Assets for the quarter that ended in Dec. 2023 was C$7.40 Mil.

During the past 12 months, Core One Labs's average Total Assets Growth Rate was 8.70% per year. During the past 3 years, the average Total Assets Growth Rate was -30.50% per year. During the past 5 years, the average Total Assets Growth Rate was 23.70% per year. During the past 10 years, the average Total Assets Growth Rate was 85.20% per year.

During the past 11 years, Core One Labs's highest 3-Year average Total Assets Growth Rate was 344.60%. The lowest was -30.50%. And the median was 119.10%.

Total Assets is connected with ROA %. Core One Labs's annualized ROA % for the quarter that ended in Dec. 2023 was -45.18%. Total Assets is also linked to Revenue through Asset Turnover. Core One Labs's Asset Turnover for the quarter that ended in Dec. 2023 was 0.01.

Core One Labs Total Assets Historical Data

The historical data trend for Core One Labs'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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Core One Labs Total Assets Chart

Core One Labs Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Total Assets

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13.13

21.06

17.80

9.52

7.61

Core One Labs Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial															6.99	6.93	-	7.49	7.40

Core One Labs 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.

Core One Labs's Total Assets for the fiscal year that ended in Dec. 2021 is calculated as

Total Assets	=	Total Equity (A: Dec. 2021 )	+	Total Liabilities (A: Dec. 2021 )
	=	4.309	+	3.302
	=	7.61

Core One Labs'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 )
	=	5.641	+	1.759
	=	7.40

Core One Labs (XCNQ:COOL) Total Assets Explanation

Total Assets is connected with ROA %.

Core One Labs'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 )
	=	-3.364	/	( (7.491	+	7.4)	/ 2 )
	=	-3.364	/	7.4455
	=	-45.18 %

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.

Core One Labs'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 )
=	0.094	/	( (7.491	+	7.4)	/ 2 )
=	0.094	/	7.4455
=	0.01

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.

Core One Labs Total Assets Related Terms

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Core One Labs (XCNQ:COOL) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Core One Labs Inc (XCNQ:COOL) » Definitions » Total Assets

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CLABF:USA LD6:Germany

Address

1199 West Hastings Street, Suite 800, Vancouver, BC, CAN, V6E 3T5

Website

https://www.core1labs.com

Core One Labs Inc is a psychedelic research and development life sciences enterprise focused on bringing psychedelic medicines to market through novel delivery systems and psychedelic assisted psychotherapy. The company intends to further develop and apply the technology to psychedelic compounds, such as psilocybin. The Company operates a virtual clinic that assesses patients for the appropriateness of treatment plans for the use of medical cannabis to treat their symptoms. The Company partners with physicians and Health Canada's licensed producers for the provision of treatments, fulfillment of prescriptions, and sale of related products.