Hero Innovation Group (XCNQ:HRO) Total Assets : C$0.49 Mil (As of Dec. 2023)

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What is Hero Innovation Group Total Assets?

Hero Innovation Group's Total Assets for the quarter that ended in Dec. 2023 was C$0.49 Mil.

During the past 12 months, Hero Innovation Group's average Total Assets Growth Rate was -22.00% per year. During the past 3 years, the average Total Assets Growth Rate was 40.70% per year.

During the past 5 years, Hero Innovation Group's highest 3-Year average Total Assets Growth Rate was 40.70%. The lowest was -30.80%. And the median was 4.95%.

Total Assets is connected with ROA %. Hero Innovation Group's annualized ROA % for the quarter that ended in Dec. 2023 was -193.56%. Total Assets is also linked to Revenue through Asset Turnover. Hero Innovation Group's Asset Turnover for the quarter that ended in Dec. 2023 was 0.06.

Hero Innovation Group Total Assets Historical Data

The historical data trend for Hero Innovation Group'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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Hero Innovation Group Total Assets Chart

Hero Innovation Group Annual Data

Trend

Sep19

Sep20

Sep21

Sep22

Sep23

Total Assets

1.63

0.40

0.74

0.61

0.66

Hero Innovation Group Quarterly Data
	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													0.82	0.68	0.65	0.66	0.49

Hero Innovation Group 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.

Hero Innovation Group'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 )
	=	-4.85	+	5.508
	=	0.66

Hero Innovation Group'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 )
	=	-5.128	+	5.619
	=	0.49

Hero Innovation Group (XCNQ:HRO) Total Assets Explanation

Total Assets is connected with ROA %.

Hero Innovation Group'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 )
	=	-1.112	/	( (0.658	+	0.491)	/ 2 )
	=	-1.112	/	0.5745
	=	-193.56 %

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.

Hero Innovation Group'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 )
=	0.037	/	( (0.658	+	0.491)	/ 2 )
=	0.037	/	0.5745
=	0.06

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.

Hero Innovation Group Total Assets Related Terms

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Hero Innovation Group (XCNQ:HRO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Hero Innovation Group Inc (XCNQ:HRO) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

422 Richards Street, Suite 170, Vancouver, BC, CAN, V6B 2Z4

Website

https://www.heroinnovationgroup.com

Hero Innovation Group Inc is a financial technology company. The company delivers innovative financial solutions for the next generation of consumers whose parents demand safety, security, and peace of mind while promoting financial literacy for the future. The company's products include Hero financials and SideKick Card.

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