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Pangea Natural Foods (Pangea Natural Foods) Total Assets : $0.15 Mil (As of Jan. 2024)


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What is Pangea Natural Foods Total Assets?

Pangea Natural Foods's Total Assets for the quarter that ended in Jan. 2024 was $0.15 Mil.

During the past 12 months, Pangea Natural Foods's average Total Assets Growth Rate was -68.90% per year.

Total Assets is connected with ROA %. Pangea Natural Foods's annualized ROA % for the quarter that ended in Jan. 2024 was -428.87%. Total Assets is also linked to Revenue through Asset Turnover. Pangea Natural Foods's Asset Turnover for the quarter that ended in Jan. 2024 was 0.04.

Pangea Natural Foods Total Assets Historical Data

The historical data trend for Pangea Natural Foods'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.

* Premium members only.

Pangea Natural Foods Total Assets Chart

Pangea Natural Foods Annual Data
Trend Oct21 Oct22 Oct23
Total Assets
1.08 0.37 0.14

Pangea Natural Foods Quarterly Data
Oct21 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Total Assets Get a 7-Day Free Trial Premium Member Only 0.39 0.57 0.43 0.14 0.15

Pangea Natural Foods 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.

Pangea Natural Foods'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 )
=-0.101+0.241
=0.14

Pangea Natural Foods'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 )
=-0.077+0.229
=0.15

* 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.

Pangea Natural Foods  (OTCPK:PNGAF) Total Assets Explanation

Total Assets is connected with ROA %.

Pangea Natural Foods'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 )
=-0.624/( (0.14+0.151)/ 2 )
=-0.624/0.1455
=-428.87 %

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.

Pangea Natural Foods'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 )
=0.006/( (0.14+0.151)/ 2 )
=0.006/0.1455
=0.04

* 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.

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.

Pangea Natural Foods Total Assets Related Terms

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Pangea Natural Foods (Pangea Natural Foods) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Pangea Natural Foods Inc (OTCPK:PNGAF) » Definitions » Total Assets
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Traded in Other Exchanges
PNGA:Canada
Address
8035 - 130th Street, Surrey, BC, CAN, V3W 0H7
Website
https://www.pangeafood.com
Pangea Natural Foods Inc engages in the production and sale of plant-based patties. Pangea manufactures the plant-based patties at the Facility in the Vancouver lower mainland and sells the patties through multiple distribution channels including online sales platforms and retailers. The Company currently has one reportable operating segment, the manufacturing and distribution of food products in Canada.