XS Financial (XCNQ:XSF) Total Assets : C$112.82 Mil (As of Dec. 2023)

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What is XS Financial Total Assets?

XS Financial's Total Assets for the quarter that ended in Dec. 2023 was C$112.82 Mil.

During the past 12 months, XS Financial's average Total Assets Growth Rate was -5.10% per year. During the past 3 years, the average Total Assets Growth Rate was 139.10% per year. During the past 5 years, the average Total Assets Growth Rate was 799.50% per year. During the past 10 years, the average Total Assets Growth Rate was 192.10% per year.

During the past 13 years, XS Financial's highest 3-Year average Total Assets Growth Rate was 2773.30%. The lowest was -70.50%. And the median was 91.30%.

Total Assets is connected with ROA %. XS Financial's annualized ROA % for the quarter that ended in Dec. 2023 was 0.67%. Total Assets is also linked to Revenue through Asset Turnover. XS Financial's Asset Turnover for the quarter that ended in Dec. 2023 was 0.03.

XS Financial Total Assets Historical Data

The historical data trend for XS Financial'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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XS Financial Total Assets Chart

XS Financial Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Dec20

Dec21

Dec22

Dec23

Total Assets

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0.98

9.34

66.95

120.03

112.82

XS Financial Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial															120.03	121.55	116.79	121.75	112.82

XS Financial 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.

XS Financial'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 )
	=	4.643	+	108.175
	=	112.82

XS Financial's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	4.643	+	108.175
	=	112.82

XS Financial (XCNQ:XSF) Total Assets Explanation

Total Assets is connected with ROA %.

XS Financial's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	0.784	/	( (121.749	+	112.818)	/ 2 )
	=	0.784	/	117.2835
	=	0.67 %

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

XS Financial's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	3.895	/	( (121.749	+	112.818)	/ 2 )
=	3.895	/	117.2835
=	0.03

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.

XS Financial Total Assets Related Terms

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XS Financial (XCNQ:XSF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » XS Financial Inc (XCNQ:XSF) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

XSHLF:USA

Address

1901 Avenue of the Stars, Suite 120, Los Angeles, CA, USA, 90067

Website

https://www.xsfinancial.com

XS Financial Inc specializes in providing equipment leasing solutions in the United States to owners/operators of cannabis and hemp companies, including cultivators, oil processors, manufacturers, and testing laboratories, among others. In addition, it provides a full range of consulting services including equipment selection and procurement, through its network of preferred vendor partnerships with original equipment manufacturers and equipment distributors.

Executives

Llc Bengal Impact Partners

10% Security Holder

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