Karbon-X (Karbon-X) Total Assets : $1.18 Mil (As of Feb. 2024)

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What is Karbon-X Total Assets?

Karbon-X's Total Assets for the quarter that ended in Feb. 2024 was $1.18 Mil.

During the past 12 months, Karbon-X's average Total Assets Growth Rate was -48.40% per year.

Total Assets is connected with ROA %. Karbon-X's annualized ROA % for the quarter that ended in Feb. 2024 was -140.54%. Total Assets is also linked to Revenue through Asset Turnover. Karbon-X's Asset Turnover for the quarter that ended in Feb. 2024 was 0.18.

Karbon-X Total Assets Historical Data

The historical data trend for Karbon-X'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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Karbon-X Total Assets Chart

Karbon-X Annual Data

Trend

May22

May23

Total Assets

0.67

2.52

Karbon-X Quarterly Data
	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Total Assets	Get a 7-Day Free Trial				1.97	2.52	4.27	1.50	1.18

Karbon-X 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.

Karbon-X'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 )
	=	2.265	+	0.25
	=	2.52

Karbon-X'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 )
	=	0.772	+	0.405
	=	1.18

Karbon-X (OTCPK:KARX) Total Assets Explanation

Total Assets is connected with ROA %.

Karbon-X'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 )
	=	-1.884	/	( (1.504	+	1.177)	/ 2 )
	=	-1.884	/	1.3405
	=	-140.54 %

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.

Karbon-X'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 )
=	0.247	/	( (1.504	+	1.177)	/ 2 )
=	0.247	/	1.3405
=	0.18

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.

Karbon-X Total Assets Related Terms

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Karbon-X (Karbon-X) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Karbon-X Corp (OTCPK:KARX) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

910 7TH AVE SW, SUITE 1000, Calgary, AB, CAN, T2P 3N8

Website

https://www.karbon-x.com

Karbon-X Corp is a tech-based carbon marketing company specializing in selling carbon credits direct to business or through an owned APP to the everyday person while investing in projects that have the potential to generate carbon credits and supplies in an online social media community to encourage change and growth. The Company sells carbon offsets to mining, forestry, civic earthworks, transportation and oil and gas servicing companies based on their total fossil fuel consumption for individual projects.