XSNX (Novaccess Global) Total Assets : $0.27 Mil (As of Jun. 2024)

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What is Novaccess Global Total Assets?

Novaccess Global's Total Assets for the quarter that ended in Jun. 2024 was $0.27 Mil.

During the past 12 months, Novaccess Global's average Total Assets Growth Rate was 135.30% per year.

During the past 13 years, Novaccess Global's highest 3-Year average Total Assets Growth Rate was 389.90%. The lowest was -73.70%. And the median was -29.80%.

Total Assets is connected with ROA %. Novaccess Global's annualized ROA % for the quarter that ended in Jun. 2024 was -2,080.00%. Total Assets is also linked to Revenue through Asset Turnover. Novaccess Global's Asset Turnover for the quarter that ended in Jun. 2024 was 0.00.

Novaccess Global Total Assets Historical Data

The historical data trend for Novaccess Global'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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Novaccess Global Total Assets Chart

Novaccess Global Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Total Assets

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0.22

0.21

0.13

0.06

Novaccess Global Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Total Assets	Get a 7-Day Free Trial															0.18	0.06	0.02	0.09	0.27

Novaccess Global 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.

Novaccess Global's Total Assets for the fiscal year that ended in Sep. 2023 is calculated as

Total Assets	=	Total Equity (A: Sep. 2023 )	+	Total Liabilities (A: Sep. 2023 )
	=	-7.798	+	7.861
	=	0.06

Novaccess Global's Total Assets for the quarter that ended in Jun. 2024 is calculated as

Total Assets	=	Total Equity (Q: Jun. 2024 )	+	Total Liabilities (Q: Jun. 2024 )
	=	-7.425	+	7.699
	=	0.27

Novaccess Global (OTCPK:XSNX) Total Assets Explanation

Total Assets is connected with ROA %.

Novaccess Global's annualized ROA % for the quarter that ended in Jun. 2024 is

ROA %	=	Net Income (Q: Jun. 2024 )	/	( (Total Assets (Q: Mar. 2024 )	+	Total Assets (Q: Jun. 2024 ))	/ count )
	=	-3.744	/	( (0.086	+	0.274)	/ 2 )
	=	-3.744	/	0.18
	=	-2,080.00 %

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

Novaccess Global's Asset Turnover for the quarter that ended in Jun. 2024 is

	Asset Turnover
=	Revenue (Q: Jun. 2024 )	/	( (Total Assets (Q: Mar. 2024 )	+	Total Assets (Q: Jun. 2024 ))	/ count )
=	0	/	( (0.086	+	0.274)	/ 2 )
=	0	/	0.18
=	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.

Novaccess Global Total Assets Related Terms

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Novaccess Global Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Novaccess Global Inc (OTCPK:XSNX) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

8485 Eastern Washington Street, No. 127, Chagrin Falls, OH, USA, 44023

Website

https://www.novaccessglobal.com

Novaccess Global Inc is a biopharmaceutical company that is developing novel immunotherapies to treat brain tumor patients in the United States. The company's team of experts is working to strengthen the capability of the human body's defense against cancer.

Executives

Jason Michael Anderson	director	8584 E. WASHINGTON STREET, NO. 127, CHAGRIN FALLS OH 44023
John Cassarini	director	880 WINTER STREET, BUILDING 4, WALTHAM MA 02451
Neil J Laird	officer: Chief Financial Officer
Larry Michael Yukich	officer: Chief Financial Officer	8834 MAYFIELD ROAD, SUITE C, CHESTERLAND OH 44026
Dwain Morris-irvin	officer: Chief Executive Officer	8834 MAYFIELD ROAD, SUITE C, CHESTERLAND OH 44026
Innovest Global, Inc.	10 percent owner	8834 MAYFIELD ROAD, CHESTERLAND OH 44026
Daniel G. Martin	director, 10 percent owner, officer: Chief Executive Officer	8834 MAYFIELD RD, CHESTERLAND OH 44026
Michael A Russak	director
Osmund Mark Fundingsland	director	1237 LAS PALMAS DR, SANTA BARBARA CA 93110
Thomas A Anderson	director	2116 PASEO PRIMERO, SANTA FE NM 87501
Jeff J Huitt	officer: CFO	10651 WEST 34TH PLACE, WHEAT RIDGE CO 80033
Joseph Grimes	officer: COO	6 CLEOME, LADERA RANCH CA 92694
Tom M Djokovich	director, 10 percent owner, officer: President	23332 VISTA CARILLO, LAGUNA NIGUEL CA 92677
Brian Altounian	director, officer: Secretary	626 N. DOHENY DRIVE, WEST HOLLYWOOD CA 90069
Thomas Djokovich	director, officer: President	1601 CLOVERFIELD BLVD, 2ND FL. S. TOWER, SANTA MONICA CA 90404