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FintechWerx International Software Services (XCNQ:WERX) Total Assets : C$0.79 Mil (As of Oct. 2023)


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What is FintechWerx International Software Services Total Assets?

FintechWerx International Software Services's Total Assets for the quarter that ended in Oct. 2023 was C$0.79 Mil.

Total Assets is connected with ROA %. FintechWerx International Software Services's annualized ROA % for the quarter that ended in Oct. 2023 was -37.47%. Total Assets is also linked to Revenue through Asset Turnover. FintechWerx International Software Services's Asset Turnover for the quarter that ended in Oct. 2023 was 0.05.

FintechWerx International Software Services Total Assets Historical Data

The historical data trend for FintechWerx International Software Services'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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FintechWerx International Software Services Total Assets Chart

FintechWerx International Software Services Annual Data
Trend Apr23
Total Assets
1.01

FintechWerx International Software Services Quarterly Data
Jul23 Oct23
Total Assets 0.86 0.79

FintechWerx International Software Services 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.

FintechWerx International Software Services's Total Assets for the fiscal year that ended in Apr. 2023 is calculated as

Total Assets=Total Equity (A: Apr. 2023 )+Total Liabilities (A: Apr. 2023 )
=0.782+0.224
=1.01

FintechWerx International Software Services's Total Assets for the quarter that ended in Oct. 2023 is calculated as

Total Assets=Total Equity (Q: Oct. 2023 )+Total Liabilities (Q: Oct. 2023 )
=0.614+0.171
=0.79

* 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.

FintechWerx International Software Services  (XCNQ:WERX) Total Assets Explanation

Total Assets is connected with ROA %.

FintechWerx International Software Services's annualized ROA % for the quarter that ended in Oct. 2023 is

ROA %=Net Income (Q: Oct. 2023 )/( (Total Assets (Q: Jul. 2023 )+Total Assets (Q: Oct. 2023 ))/ count )
=-0.308/( (0.859+0.785)/ 2 )
=-0.308/0.822
=-37.47 %

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

FintechWerx International Software Services's Asset Turnover for the quarter that ended in Oct. 2023 is

Asset Turnover
=Revenue (Q: Oct. 2023 )/( (Total Assets (Q: Jul. 2023 )+Total Assets (Q: Oct. 2023 ))/ count )
=0.042/( (0.859+0.785)/ 2 )
=0.042/0.822
=0.05

* 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.

FintechWerx International Software Services Total Assets Related Terms

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FintechWerx International Software Services (XCNQ:WERX) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » FintechWerx International Software Services Inc (XCNQ:WERX) » Definitions » Total Assets
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Traded in Other Exchanges
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Address
750 West Pender Street, Suite 401, Vancouver, BC, CAN, V6C 2T7
Website
https://www.fintechwerx.com
FintechWerx International Software Services Inc is an e-commerce technology company. The Company is engaged in delivering enrollment, automated identity verification, payment solutions, and data management services. The FintechWerx Platform is a combination of both licensed and proprietary software together the Technology Stack that provides a single comprehensive, suite of services for small to medium sized enterprises.

FintechWerx International Software Services (XCNQ:WERX) Headlines

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