African Agriculture Holdings (African Agriculture Holdings) Total Assets : $17.41 Mil (As of Mar. 2024)

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What is African Agriculture Holdings Total Assets?

African Agriculture Holdings's Total Assets for the quarter that ended in Mar. 2024 was $17.41 Mil.

During the past 12 months, African Agriculture Holdings's average Total Assets Growth Rate was 61.90% per year.

Total Assets is connected with ROA %. African Agriculture Holdings's annualized ROA % for the quarter that ended in Mar. 2024 was -283.07%. Total Assets is also linked to Revenue through Asset Turnover. African Agriculture Holdings's Asset Turnover for the quarter that ended in Mar. 2024 was 0.02.

African Agriculture Holdings Total Assets Historical Data

The historical data trend for African Agriculture 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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African Agriculture Holdings Total Assets Chart

African Agriculture Holdings Annual Data

Trend

Dec21

Dec22

Dec23

Total Assets

7.65

10.88

18.38

African Agriculture Holdings Quarterly Data
	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial				10.71	10.48	14.57	18.38	17.41

African Agriculture 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.

African Agriculture Holdings'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 )
	=	-22.583	+	40.965
	=	18.38

African Agriculture Holdings's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	-24.357	+	41.765
	=	17.41

African Agriculture Holdings (NAS:AAGR) Total Assets Explanation

Total Assets is connected with ROA %.

African Agriculture Holdings's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	-50.656	/	( (18.382	+	17.408)	/ 2 )
	=	-50.656	/	17.895
	=	-283.07 %

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

African Agriculture Holdings's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	0.345	/	( (18.382	+	17.408)	/ 2 )
=	0.345	/	17.895
=	0.02

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.

African Agriculture Holdings Total Assets Related Terms

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African Agriculture Holdings (African Agriculture Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » African Agriculture Holdings Inc (NAS:AAGR) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

445 Park Avenue, Ninth Floor, New York, NY, USA, 10022

Website

African Agriculture Holdings Inc is a holding company that operates principally through its wholly-owned subsidiary, which is developing the company's initial commercial farming business based in northern Senegal focusing on the production and sale of alfalfa for cattle feed and nutrition purposes. The company will sell alfalfa to owners and suppliers of cattle for feed and nutritional purposes, primarily in Senegal and the surrounding regions in Africa, the Economic Community of West African States (ECOWAS) region and the Middle East.