Delta CleanTech (XCNQ:DELT) Total Assets : C$3.30 Mil (As of Dec. 2023)

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What is Delta CleanTech Total Assets?

Delta CleanTech's Total Assets for the quarter that ended in Dec. 2023 was C$3.30 Mil.

During the past 12 months, Delta CleanTech's average Total Assets Growth Rate was -14.10% per year.

Total Assets is connected with ROA %. Delta CleanTech's annualized ROA % for the quarter that ended in Dec. 2023 was -110.69%. Total Assets is also linked to Revenue through Asset Turnover. Delta CleanTech's Asset Turnover for the quarter that ended in Dec. 2023 was 0.04.

Delta CleanTech Total Assets Historical Data

The historical data trend for Delta CleanTech'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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Delta CleanTech Total Assets Chart

Delta CleanTech Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Total Assets

7.53

5.42

3.30

Delta CleanTech Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial							5.42	5.38	4.34	3.95	3.30

Delta CleanTech 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.

Delta CleanTech's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	2.932	+	0.37
	=	3.30

Delta CleanTech'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 )
	=	2.932	+	0.37
	=	3.30

Delta CleanTech (XCNQ:DELT) Total Assets Explanation

Total Assets is connected with ROA %.

Delta CleanTech'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 )
	=	-4.012	/	( (3.947	+	3.302)	/ 2 )
	=	-4.012	/	3.6245
	=	-110.69 %

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.

Delta CleanTech'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 )
=	0.127	/	( (3.947	+	3.302)	/ 2 )
=	0.127	/	3.6245
=	0.04

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.

Delta CleanTech Total Assets Related Terms

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Delta CleanTech (XCNQ:DELT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Delta CleanTech Inc (XCNQ:DELT) » Definitions » Total Assets

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DCTIF:USA

Address

2308 Palisade Drive S.W., Calgary, AB, CAN, T2V 3V1

Website

https://www.deltacleantech.ca

Delta CleanTech Inc is a clean energy tech business. It is dedicated to providing clean technology solutions that address the environmental and social governance needs of corporations. The principal activity of Delta consists of four pillars namely CO2 capture, hydrogen production, solvent and ethanol purification, and carbon credit certification and trading. The Company operates in Canada, the United States, United Arab Emirates, Kazakhstan, and China.

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