Banxa Holdings (TSXV:BNXA) Total Assets : C$15.0 Mil (As of Dec. 2023)

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What is Banxa Holdings Total Assets?

Banxa Holdings's Total Assets for the quarter that ended in Dec. 2023 was C$15.0 Mil.

During the past 12 months, Banxa Holdings's average Total Assets Growth Rate was 38.40% per year. During the past 3 years, the average Total Assets Growth Rate was 58.30% per year.

During the past 4 years, Banxa Holdings's highest 3-Year average Total Assets Growth Rate was 58.30%. The lowest was 58.30%. And the median was 58.30%.

Total Assets is connected with ROA %. Banxa Holdings's annualized ROA % for the quarter that ended in Dec. 2023 was -23.40%. Total Assets is also linked to Revenue through Asset Turnover. Banxa Holdings's Asset Turnover for the quarter that ended in Dec. 2023 was 4.98.

Banxa Holdings Total Assets Historical Data

The historical data trend for Banxa Holdings'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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Banxa Holdings Total Assets Chart

Banxa Holdings Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Total Assets

3.79

23.26

13.85

14.73

Banxa Holdings Quarterly Data
	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												16.84	14.17	14.73	12.50	15.02

Banxa Holdings 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.

Banxa Holdings's Total Assets for the fiscal year that ended in Jun. 2023 is calculated as

Total Assets	=	Total Equity (A: Jun. 2023 )	+	Total Liabilities (A: Jun. 2023 )
	=	-1.974	+	16.708
	=	14.7

Banxa Holdings'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 )
	=	-4.909	+	19.929
	=	15.0

Banxa Holdings (TSXV:BNXA) Total Assets Explanation

Total Assets is connected with ROA %.

Banxa Holdings'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 )
	=	-3.22	/	( (12.497	+	15.02)	/ 2 )
	=	-3.22	/	13.7585
	=	-23.40 %

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.

Banxa Holdings'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 )
=	68.54	/	( (12.497	+	15.02)	/ 2 )
=	68.54	/	13.7585
=	4.98

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.

Banxa Holdings Total Assets Related Terms

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Banxa Holdings (TSXV:BNXA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Banxa Holdings Inc (TSXV:BNXA) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

BNXAF:USA AC00:Germany

Address

2-6 Gwynne Street, Level 2, Melbourne, VIC, AUS, 3121

Website

https://www.banxa.com

Banxa Holdings Inc is a payments service provider for the digital asset space. It offers a cryptocurrency gateway platform to other businesses in the industry. The company's goal is to onboard the general public to digital currency by building a fully compliant payment infrastructure that enables simple and secure conversion of fiat currency to digital currency. Geographically, it operates in Australia, North America and Europe and derives a majority of its revenue from Europe.

Executives

Holger Roman Arians	Senior Officer
Zafer Alam Qureshi	Director

Banxa Holdings (TSXV:BNXA) Headlines

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