Mijem Newcomm Tech (XCNQ:MJEM) Total Assets : C$0.02 Mil (As of Jan. 2024)

Mijem Newcomm Tech Total Assets Chart

Mijem Newcomm Tech Quarterly Data
	Oct20	Jun21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Total Assets	Get a 7-Day Free Trial							0.19	0.11	0.05	0.02	0.02

Mijem Newcomm Tech 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.

Mijem Newcomm Tech's Total Assets for the fiscal year that ended in Jul. 2023 is calculated as

Mijem Newcomm Tech's Total Assets for the quarter that ended in Jan. 2024 is calculated as

* 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.

Mijem Newcomm Tech  (XCNQ:MJEM) Total Assets Explanation

Total Assets is connected with ROA %.

Mijem Newcomm Tech's annualized ROA % for the quarter that ended in Jan. 2024 is

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

Mijem Newcomm Tech's Asset Turnover for the quarter that ended in Jan. 2024 is

* 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.

Mijem Newcomm Tech Total Assets Related Terms

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

Mijem Newcomm Tech (XCNQ:MJEM) Business Description