FendX Technologies (XCNQ:FNDX) Total Assets : C$0.42 Mil (As of Sep. 2024)

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What is FendX Technologies Total Assets?

FendX Technologies's Total Assets for the quarter that ended in Sep. 2024 was C$0.42 Mil.

During the past 12 months, FendX Technologies's average Total Assets Growth Rate was -54.30% per year.

Total Assets is connected with ROA %. FendX Technologies's annualized ROA % for the quarter that ended in Sep. 2024 was -852.34%. Total Assets is also linked to Revenue through Asset Turnover. FendX Technologies's Asset Turnover for the quarter that ended in Sep. 2024 was 0.00.

FendX Technologies Total Assets Historical Data

The historical data trend for FendX 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.

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FendX Technologies Total Assets Chart

FendX Technologies Annual Data

Trend

Dec21

Dec22

Dec23

Total Assets

1.25

0.16

0.56

FendX Technologies Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Assets	Get a 7-Day Free Trial							1.39	0.56	2.15	0.93	0.42

FendX 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.

FendX Technologies'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 )
	=	0.044	+	0.52
	=	0.56

FendX Technologies's Total Assets for the quarter that ended in Sep. 2024 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2024 )	+	Total Liabilities (Q: Sep. 2024 )
	=	-0.211	+	0.631
	=	0.42

FendX Technologies (XCNQ:FNDX) Total Assets Explanation

Total Assets is connected with ROA %.

FendX Technologies's annualized ROA % for the quarter that ended in Sep. 2024 is

ROA %	=	Net Income (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
	=	-5.732	/	( (0.925	+	0.42)	/ 2 )
	=	-5.732	/	0.6725
	=	-852.34 %

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

FendX Technologies's Asset Turnover for the quarter that ended in Sep. 2024 is

	Asset Turnover
=	Revenue (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
=	0	/	( (0.925	+	0.42)	/ 2 )
=	0	/	0.6725
=	0.00

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.

FendX Technologies Total Assets Related Terms

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FendX Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » FendX Technologies Inc (XCNQ:FNDX) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

FDXTF:USA E8D:Germany

Address

2010 Winston Park Drive, 2nd Floor, Oakville, ON, CAN, L6H 5R7

Website

https://www.fendxtech.com

FendX Technologies Inc is a technology company focused on developing surface protection products that protect surfaces from pathogen contamination. It is focused on the research, development and commercialization of surface protection coatings using Licensed Technology. The company is currently developing its anticipated first product, REPELWRAP to protect high-contact surfaces from contamination to reduce the transmission of harmful pathogens. The Company has a growing intellectual property portfolio consisting of licensed nonprovisional national stage patent applications.