Sona Nanotech (XCNQ:SONA) Total Assets : C$3.75 Mil (As of Oct. 2024)

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What is Sona Nanotech Total Assets?

Sona Nanotech's Total Assets for the quarter that ended in Oct. 2024 was C$3.75 Mil.

During the past 12 months, Sona Nanotech's average Total Assets Growth Rate was -28.30% per year. During the past 3 years, the average Total Assets Growth Rate was 79.40% per year. During the past 5 years, the average Total Assets Growth Rate was 49.60% per year. During the past 10 years, the average Total Assets Growth Rate was -18.90% per year.

During the past 13 years, Sona Nanotech's highest 3-Year average Total Assets Growth Rate was 79.40%. The lowest was -60.00%. And the median was -6.35%.

Total Assets is connected with ROA %. Sona Nanotech's annualized ROA % for the quarter that ended in Oct. 2024 was -57.33%. Total Assets is also linked to Revenue through Asset Turnover. Sona Nanotech's Asset Turnover for the quarter that ended in Oct. 2024 was 0.00.

Sona Nanotech Total Assets Historical Data

The historical data trend for Sona Nanotech'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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Sona Nanotech Total Assets Chart

Sona Nanotech Annual Data

Trend

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Oct24

Total Assets

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0.73

1.52

0.52

2.75

3.75

Sona Nanotech Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
Total Assets	Get a 7-Day Free Trial															2.75	2.56	2.24	2.00	3.75

Sona Nanotech 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.

Sona Nanotech's Total Assets for the fiscal year that ended in Oct. 2024 is calculated as

Total Assets	=	Total Equity (A: Oct. 2024 )	+	Total Liabilities (A: Oct. 2024 )
	=	2.509	+	1.237
	=	3.75

Sona Nanotech's Total Assets for the quarter that ended in Oct. 2024 is calculated as

Total Assets	=	Total Equity (Q: Oct. 2024 )	+	Total Liabilities (Q: Oct. 2024 )
	=	2.509	+	1.237
	=	3.75

Sona Nanotech (XCNQ:SONA) Total Assets Explanation

Total Assets is connected with ROA %.

Sona Nanotech's annualized ROA % for the quarter that ended in Oct. 2024 is

ROA %	=	Net Income (Q: Oct. 2024 )	/	( (Total Assets (Q: Jul. 2024 )	+	Total Assets (Q: Oct. 2024 ))	/ count )
	=	-1.648	/	( (2.003	+	3.746)	/ 2 )
	=	-1.648	/	2.8745
	=	-57.33 %

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

Sona Nanotech's Asset Turnover for the quarter that ended in Oct. 2024 is

	Asset Turnover
=	Revenue (Q: Oct. 2024 )	/	( (Total Assets (Q: Jul. 2024 )	+	Total Assets (Q: Oct. 2024 ))	/ count )
=	0	/	( (2.003	+	3.746)	/ 2 )
=	0	/	2.8745
=	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.

Sona Nanotech Total Assets Related Terms

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Sona Nanotech Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Sona Nanotech Inc (XCNQ:SONA) » Definitions » Total Assets

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SNANF:USA

Address

1969 Upper Water Street, Suite 2001, Purdy’s Wharf Tower II, Halifax, NS, CAN, B3J 3R7

Website

https://www.sonanano.com

Sona Nanotech Inc. is a nanotechnology life sciences company, which is engaged in developing targeted hyperthermia therapy. The Company has developed multiple methods for the manufacturing of various types of gold nanoparticles (GNR). It is engaged in research and development of its technology for use in multiplex diagnostic testing platforms and various biomedical applications. The company's product includes Gemini and Saliva tests.

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