HNO International (HNO International) Total Assets : $1.21 Mil (As of Jan. 2024)

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What is HNO International Total Assets?

HNO International's Total Assets for the quarter that ended in Jan. 2024 was $1.21 Mil.

During the past 12 months, HNO International's average Total Assets Growth Rate was 1704.80% per year. During the past 3 years, the average Total Assets Growth Rate was 161.40% per year.

During the past 7 years, HNO International's highest 3-Year average Total Assets Growth Rate was 161.40%. The lowest was 131.50%. And the median was 146.45%.

Total Assets is connected with ROA %. HNO International's annualized ROA % for the quarter that ended in Jan. 2024 was -164.14%. Total Assets is also linked to Revenue through Asset Turnover. HNO International's Asset Turnover for the quarter that ended in Jan. 2024 was 0.00.

HNO International Total Assets Historical Data

The historical data trend for HNO International'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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HNO International Total Assets Chart

HNO International Annual Data

Trend

Oct06

Oct07

Oct08

Oct09

Oct10

Oct22

Oct23

Total Assets

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0.06

2.41

0.11

1.34

HNO International Quarterly Data
	Apr08	Jul08	Oct08	Jan09	Apr09	Jul09	Oct09	Jan10	Apr10	Jul10	Oct10	Jan11	Apr11	Jul11	Jul22	Oct22	Jan23	Jul23	Oct23	Jan24
Total Assets	Get a 7-Day Free Trial															0.11	-	1.77	1.34	1.21

HNO International 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.

HNO International's Total Assets for the fiscal year that ended in Oct. 2023 is calculated as

Total Assets	=	Total Equity (A: Oct. 2023 )	+	Total Liabilities (A: Oct. 2023 )
	=	-0.092	+	1.435
	=	1.34

HNO International's Total Assets for the quarter that ended in Jan. 2024 is calculated as

Total Assets	=	Total Equity (Q: Jan. 2024 )	+	Total Liabilities (Q: Jan. 2024 )
	=	-0.489	+	1.696
	=	1.21

HNO International (OTCPK:HNOI) Total Assets Explanation

Total Assets is connected with ROA %.

HNO International's annualized ROA % for the quarter that ended in Jan. 2024 is

ROA %	=	Net Income (Q: Jan. 2024 )	/	( (Total Assets (Q: Oct. 2023 )	+	Total Assets (Q: Jan. 2024 ))	/ count )
	=	-2.092	/	( (1.343	+	1.206)	/ 2 )
	=	-2.092	/	1.2745
	=	-164.14 %

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

HNO International's Asset Turnover for the quarter that ended in Jan. 2024 is

	Asset Turnover
=	Revenue (Q: Jan. 2024 )	/	( (Total Assets (Q: Oct. 2023 )	+	Total Assets (Q: Jan. 2024 ))	/ count )
=	0	/	( (1.343	+	1.206)	/ 2 )
=	0	/	1.2745
=	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.

HNO International Total Assets Related Terms

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HNO International (HNO International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » HNO International Inc (OTCPK:HNOI) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

41558 Eastman Drive, Suite B, Murrieta, CA, USA, 92562

Website

https://www.hnointernational.com

HNO International Inc is engaged in providing custom engineering and innovative green hydrogen technologies to help the world transition from fossil fuels to clean energy. The Company focuses on systems engineering design, integration, and product development for the generation of green hydrogen-based solutions to help businesses and communities decarbonize in the near term.

Executives

Hossein Haririnia	director, officer: Treasurer	41558 EASTMAN DRIVE, SUITE B, MURRIETA CA 92562
Paul H Mueller	officer: President, CEO and Secretary	41558 EASTMAN DRIVE, SUITE B, MURRIETA CA 92562
Donald W Owens	director, 10 percent owner	42309 WINCHESTER ROAD, SUITE E, TEMECULA CA 92590
William E Parker	director	3220 ALABAMA AVENUE SE, WASHINGTON DC 20020
Thomas Gelfand	director, 10 percent owner, officer: PRES, CEO, TRES, CFO, SECR	5050 KINGSWAY,, BURNABY, BC A1 V5H 4H2

HNO International (HNO International) Headlines

From GuruFocus

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By PRNewswire • 01-09-2024