LXRandCo (TSX:LXR) Total Assets : C$7.15 Mil (As of Jun. 2023)

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What is LXRandCo Total Assets?

LXRandCo's Total Assets for the quarter that ended in Jun. 2023 was C$7.15 Mil.

During the past 12 months, LXRandCo's average Total Assets Growth Rate was -39.90% per year. During the past 3 years, the average Total Assets Growth Rate was -18.50% per year. During the past 5 years, the average Total Assets Growth Rate was -22.50% per year.

During the past 8 years, LXRandCo's highest 3-Year average Total Assets Growth Rate was 10.20%. The lowest was -45.20%. And the median was -18.50%.

Total Assets is connected with ROA %. LXRandCo's annualized ROA % for the quarter that ended in Jun. 2023 was -108.08%. Total Assets is also linked to Revenue through Asset Turnover. LXRandCo's Asset Turnover for the quarter that ended in Jun. 2023 was 0.44.

LXRandCo Total Assets Historical Data

The historical data trend for LXRandCo'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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LXRandCo Total Assets Chart

LXRandCo Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Total Assets

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19.52

18.32

13.89

13.21

10.61

LXRandCo Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Total Assets	Get a 7-Day Free Trial															11.66	8.53	10.61	9.95	7.15

LXRandCo 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.

LXRandCo's Total Assets for the fiscal year that ended in Dec. 2022 is calculated as

Total Assets	=	Total Equity (A: Dec. 2022 )	+	Total Liabilities (A: Dec. 2022 )
	=	-2.558	+	13.17
	=	10.61

LXRandCo's Total Assets for the quarter that ended in Jun. 2023 is calculated as

Total Assets	=	Total Equity (Q: Jun. 2023 )	+	Total Liabilities (Q: Jun. 2023 )
	=	-4.747	+	11.893
	=	7.15

LXRandCo (TSX:LXR) Total Assets Explanation

Total Assets is connected with ROA %.

LXRandCo's annualized ROA % for the quarter that ended in Jun. 2023 is

ROA %	=	Net Income (Q: Jun. 2023 )	/	( (Total Assets (Q: Mar. 2023 )	+	Total Assets (Q: Jun. 2023 ))	/ count )
	=	-9.24	/	( (9.953	+	7.145)	/ 2 )
	=	-9.24	/	8.549
	=	-108.08 %

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

LXRandCo's Asset Turnover for the quarter that ended in Jun. 2023 is

	Asset Turnover
=	Revenue (Q: Jun. 2023 )	/	( (Total Assets (Q: Mar. 2023 )	+	Total Assets (Q: Jun. 2023 ))	/ count )
=	3.73	/	( (9.953	+	7.145)	/ 2 )
=	3.73	/	8.549
=	0.44

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.

LXRandCo Total Assets Related Terms

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LXRandCo (TSX:LXR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » LXRandCo Inc (TSX:LXR) » Definitions » Total Assets

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Traded in Other Exchanges

N/A

Address

7399 Boulevard, Saint-Laurent, Montreal, QC, CAN, H2R 2W5

Website

https://www.lxrco.com

LXRandCo Inc is a socially responsible, digital-first omnichannel retailer of authenticated pre-owned luxury handbags and personal accessories. It provides consumers with authenticated branded luxury products by promoting their reuse and by providing an environmentally responsible way for consumers to purchase luxury products. The operating segment includes sales from two primary distribution channels: the Company's e-commerce activities, which comprise its website and partner websites, and retail channels, which include its own stores and wholesale partner retail stores.

LXRandCo (TSX:LXR) Headlines

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