G6 Materials (TSXV:GGG) Total Assets : C$1.30 Mil (As of Feb. 2024)

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What is G6 Materials Total Assets?

G6 Materials's Total Assets for the quarter that ended in Feb. 2024 was C$1.30 Mil.

During the past 12 months, G6 Materials's average Total Assets Growth Rate was -22.50% per year. During the past 3 years, the average Total Assets Growth Rate was 19.00% per year. During the past 5 years, the average Total Assets Growth Rate was 6.10% per year. During the past 10 years, the average Total Assets Growth Rate was 29.00% per year.

During the past 13 years, G6 Materials's highest 3-Year average Total Assets Growth Rate was 352.00%. The lowest was -52.50%. And the median was 18.25%.

Total Assets is connected with ROA %. G6 Materials's annualized ROA % for the quarter that ended in Feb. 2024 was -65.87%. Total Assets is also linked to Revenue through Asset Turnover. G6 Materials's Asset Turnover for the quarter that ended in Feb. 2024 was 0.25.

G6 Materials Total Assets Historical Data

The historical data trend for G6 Materials'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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G6 Materials Total Assets Chart

G6 Materials Annual Data

Trend

Jul14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Total Assets

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1.44

1.63

7.17

4.84

1.95

G6 Materials Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Total Assets	Get a 7-Day Free Trial															2.50	1.95	1.52	1.14	1.30

G6 Materials 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.

G6 Materials's Total Assets for the fiscal year that ended in May. 2023 is calculated as

Total Assets	=	Total Equity (A: May. 2023 )	+	Total Liabilities (A: May. 2023 )
	=	1.313	+	0.635
	=	1.95

G6 Materials's Total Assets for the quarter that ended in Feb. 2024 is calculated as

Total Assets	=	Total Equity (Q: Feb. 2024 )	+	Total Liabilities (Q: Feb. 2024 )
	=	0.046	+	1.257
	=	1.30

G6 Materials (TSXV:GGG) Total Assets Explanation

Total Assets is connected with ROA %.

G6 Materials's annualized ROA % for the quarter that ended in Feb. 2024 is

ROA %	=	Net Income (Q: Feb. 2024 )	/	( (Total Assets (Q: Nov. 2023 )	+	Total Assets (Q: Feb. 2024 ))	/ count )
	=	-0.804	/	( (1.14	+	1.301)	/ 2 )
	=	-0.804	/	1.2205
	=	-65.87 %

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

G6 Materials's Asset Turnover for the quarter that ended in Feb. 2024 is

	Asset Turnover
=	Revenue (Q: Feb. 2024 )	/	( (Total Assets (Q: Nov. 2023 )	+	Total Assets (Q: Feb. 2024 ))	/ count )
=	0.3	/	( (1.14	+	1.301)	/ 2 )
=	0.3	/	1.2205
=	0.25

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.

G6 Materials Total Assets Related Terms

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G6 Materials (TSXV:GGG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » G6 Materials Corp (TSXV:GGG) » Definitions » Total Assets

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GPHBF:USA G310:Germany

Address

760 Koehler Avenue, Suite 2, Ronkonkoma, NY, USA, 11779

Website

https://www.g6-materials.com

G6 Materials Corp is engaged in the development, manufacture, and sale of proprietary composites and coatings based on graphene and other advanced materials. The company's products include high-performance resins, composites, R&D materials, fine organic chemicals, and conductive adhesives.

Executives

Elena Polyakova

Director, Senior Officer