THC Therapeutics (THC Therapeutics) Total Assets : $0.01 Mil (As of Jul. 2023)

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What is THC Therapeutics Total Assets?

THC Therapeutics's Total Assets for the quarter that ended in Jul. 2023 was $0.01 Mil.

During the past 12 months, THC Therapeutics's average Total Assets Growth Rate was -93.70% per year. During the past 3 years, the average Total Assets Growth Rate was -32.40% per year. During the past 5 years, the average Total Assets Growth Rate was -50.70% per year. During the past 10 years, the average Total Assets Growth Rate was -12.80% per year.

During the past 13 years, THC Therapeutics's highest 3-Year average Total Assets Growth Rate was 142.70%. The lowest was -58.20%. And the median was -0.60%.

Total Assets is connected with ROA %. THC Therapeutics's annualized ROA % for the quarter that ended in Jul. 2023 was -1,015.38%. Total Assets is also linked to Revenue through Asset Turnover. THC Therapeutics's Asset Turnover for the quarter that ended in Jul. 2023 was 0.00.

THC Therapeutics Total Assets Historical Data

The historical data trend for THC Therapeutics'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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THC Therapeutics Total Assets Chart

THC Therapeutics Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Total Assets

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0.52

0.09

0.48

0.21

0.01

THC Therapeutics Quarterly Data
	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23
Total Assets	Get a 7-Day Free Trial															0.21	0.06	0.02	0.01	0.01

THC Therapeutics 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.

THC Therapeutics's Total Assets for the fiscal year that ended in Jul. 2023 is calculated as

Total Assets	=	Total Equity (A: Jul. 2023 )	+	Total Liabilities (A: Jul. 2023 )
	=	-3.31	+	3.323
	=	0.01

THC Therapeutics's Total Assets for the quarter that ended in Jul. 2023 is calculated as

Total Assets	=	Total Equity (Q: Jul. 2023 )	+	Total Liabilities (Q: Jul. 2023 )
	=	-3.31	+	3.323
	=	0.01

THC Therapeutics (OTCPK:THCT) Total Assets Explanation

Total Assets is connected with ROA %.

THC Therapeutics's annualized ROA % for the quarter that ended in Jul. 2023 is

ROA %	=	Net Income (Q: Jul. 2023 )	/	( (Total Assets (Q: Apr. 2023 )	+	Total Assets (Q: Jul. 2023 ))	/ count )
	=	-0.132	/	( (0.013	+	0.013)	/ 2 )
	=	-0.132	/	0.013
	=	-1,015.38 %

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

THC Therapeutics's Asset Turnover for the quarter that ended in Jul. 2023 is

	Asset Turnover
=	Revenue (Q: Jul. 2023 )	/	( (Total Assets (Q: Apr. 2023 )	+	Total Assets (Q: Jul. 2023 ))	/ count )
=	0	/	( (0.013	+	0.013)	/ 2 )
=	0	/	0.013
=	0.00

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.

THC Therapeutics Total Assets Related Terms

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THC Therapeutics (THC Therapeutics) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » THC Therapeutics Inc (OTCPK:THCT) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

11700 W Charleston Boulevard, No. 73, Las Vegas, NV, USA, 89135

Website

https://thct.io

THC Therapeutics Inc is a United States-based company. It is focused on developing dHydronator, a sanitizing herb dryer. The main function of the dHydronator is to accelerate the drying time of an herb while sanitizing it. The dHydronator can be used to dry a variety of herbs, and it has been specifically tested for use with cannabis. It will reduce the drying time for cannabis from 10-14 days down to less than 14 hours.

Executives

Hiro Tanaka	director, officer: Vice President	3RD FLOOR, 207 REGENT STREET, LONDON X0 W1B 3HH
Smith Adrian J R	director, officer: Chair of the Board	119 SPRINGLINE DRIVE, VERO BEACH FL 32963
Jamie Mann	director, 10 percent owner, officer: CEO, CFO	3RD FLOOR, 207 REGENT STREET, LONDON X0 W1B 3HH
Eden Ho	director, officer: CEO	701 XUANG MI HU ROAD, XI YUAN, FUTIAN, SHENZHEN F4 XXXXXX