Ovation Science (XCNQ:OVAT) Total Assets : C$0.08 Mil (As of Mar. 2024)

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What is Ovation Science Total Assets?

Ovation Science's Total Assets for the quarter that ended in Mar. 2024 was C$0.08 Mil.

During the past 12 months, Ovation Science's average Total Assets Growth Rate was -51.50% per year. During the past 3 years, the average Total Assets Growth Rate was -74.60% per year. During the past 5 years, the average Total Assets Growth Rate was -52.90% per year.

During the past 7 years, Ovation Science's highest 3-Year average Total Assets Growth Rate was 40.30%. The lowest was -74.60%. And the median was -50.50%.

Total Assets is connected with ROA %. Ovation Science's annualized ROA % for the quarter that ended in Mar. 2024 was -908.39%. Total Assets is also linked to Revenue through Asset Turnover. Ovation Science's Asset Turnover for the quarter that ended in Mar. 2024 was 0.52.

Ovation Science Total Assets Historical Data

The historical data trend for Ovation Science'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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Ovation Science Total Assets Chart

Ovation Science Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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1.84

3.25

0.77

0.11

0.08

Ovation Science Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															0.14	0.12	0.12	0.08	0.08

Ovation Science 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.

Ovation Science'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 )
	=	-0.652	+	0.729
	=	0.08

Ovation Science'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 )
	=	-0.769	+	0.847
	=	0.08

Ovation Science (XCNQ:OVAT) Total Assets Explanation

Total Assets is connected with ROA %.

Ovation Science'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 )
	=	-0.704	/	( (0.077	+	0.078)	/ 2 )
	=	-0.704	/	0.0775
	=	-908.39 %

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.

Ovation Science'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 )
=	0.04	/	( (0.077	+	0.078)	/ 2 )
=	0.04	/	0.0775
=	0.52

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.

Ovation Science Total Assets Related Terms

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Ovation Science (XCNQ:OVAT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Ovation Science Inc (XCNQ:OVAT) » Definitions » Total Assets

Comparable Companies

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OVATF:USA 0VH:Germany

Address

625 Howe Street, Suite 1140, Vancouver, BC, CAN, V6C 2T6

Website

https://www.ovationscience.com

Ovation Science Inc is a Canada-based company mainly engaged in the business of sub-licensing rights to use Invisicare, a patented drug delivery technology used in topical and transdermal skin products containing hemp seed oil and cannabis products. The company also holds the right to manufacture, distribute, sell, market, sub-license and promote products formulated with Invisicare and containing cannabis products including cannabinoids, hemp seed oil and any synthetic derivatives of cannabis. It also develops formulas for skin product lines including topical and transdermal creams and lotions containing hemp seed oil and cannabis.

Executives

David K. Ryan

Director

Ovation Science (XCNQ:OVAT) Headlines

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