Abaxx Technologies (NEOE:ABXX) Total Assets : C$60.34 Mil (As of Mar. 2024)

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What is Abaxx Technologies Total Assets?

Abaxx Technologies's Total Assets for the quarter that ended in Mar. 2024 was C$60.34 Mil.

During the past 12 months, Abaxx Technologies's average Total Assets Growth Rate was 411.30% per year. During the past 3 years, the average Total Assets Growth Rate was 66.80% per year.

During the past 5 years, Abaxx Technologies's highest 3-Year average Total Assets Growth Rate was 66.80%. The lowest was 4.70%. And the median was 35.75%.

Total Assets is connected with ROA %. Abaxx Technologies's annualized ROA % for the quarter that ended in Mar. 2024 was -84.25%. Total Assets is also linked to Revenue through Asset Turnover. Abaxx Technologies's Asset Turnover for the quarter that ended in Mar. 2024 was 0.00.

Abaxx Technologies Total Assets Historical Data

The historical data trend for Abaxx Technologies'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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Abaxx Technologies Total Assets Chart

Abaxx Technologies Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

5.54

17.01

29.29

14.00

48.70

Abaxx Technologies Quarterly Data
	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														9.83	27.11	26.97	48.70	60.34

Abaxx Technologies 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.

Abaxx Technologies'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 )
	=	42.885	+	5.818
	=	48.70

Abaxx Technologies'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 )
	=	56.008	+	4.329
	=	60.34

Abaxx Technologies (NEOE:ABXX) Total Assets Explanation

Total Assets is connected with ROA %.

Abaxx Technologies'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 )
	=	-45.932	/	( (48.703	+	60.337)	/ 2 )
	=	-45.932	/	54.52
	=	-84.25 %

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.

Abaxx Technologies'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	/	( (48.703	+	60.337)	/ 2 )
=	0	/	54.52
=	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.

Abaxx Technologies Total Assets Related Terms

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Abaxx Technologies (NEOE:ABXX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Abaxx Technologies Inc (NEOE:ABXX) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

ABXXF:USA 36N:Germany

Address

18 King Street East, Suite 902, Toronto, ON, CAN, M5C 1C4

Website

https://www.abaxx.tech

Abaxx Technologies Inc is a financial technology company that is developing and deploying software tools that make communication, trade, and transactions easier and more secure. The company's initial focus is on launching Abaxx Commodity Futures Exchange and Clearinghouse, regulated by the Monetary Authority of Singapore, to support trading and risk management with physically-settled benchmark futures contracts in the commodity markets at the center of the energy transition to an electrified, low-carbon emissions economy. Abaxx's vision is to build Smarter Markets: markets empowered by better tools, better benchmarks and better technology to drive market-based solutions to the biggest challenges that everyone faces as a society, including climate change and the energy transition.

Executives

Joshua Dale Crumb

Director

Abaxx Technologies (NEOE:ABXX) Headlines

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