GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » The Planting Hope Co Inc (TSXV:MYLK) » Definitions » Total Assets

The Planting Hope Co (TSXV:MYLK) Total Assets : C$10.64 Mil (As of Sep. 2023)


View and export this data going back to 2021. Start your Free Trial

What is The Planting Hope Co Total Assets?

The Planting Hope Co's Total Assets for the quarter that ended in Sep. 2023 was C$10.64 Mil.

During the past 12 months, The Planting Hope Co's average Total Assets Growth Rate was -25.00% per year.

Total Assets is connected with ROA %. The Planting Hope Co's annualized ROA % for the quarter that ended in Sep. 2023 was -137.96%. Total Assets is also linked to Revenue through Asset Turnover. The Planting Hope Co's Asset Turnover for the quarter that ended in Sep. 2023 was 0.20.

The Planting Hope Co Total Assets Historical Data

The historical data trend for The Planting Hope Co'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.

The Planting Hope Co Total Assets Chart

The Planting Hope Co Annual Data
Trend Dec21 Dec22
Total Assets
9.72 13.37

The Planting Hope Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Jun23 Sep23
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only 15.11 15.04 13.37 - 10.64

The Planting Hope Co 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.

The Planting Hope Co's Total Assets for the fiscal year that ended in Dec. 2022 is calculated as

Total Assets=Total Equity (A: Dec. 2022 )+Total Liabilities (A: Dec. 2022 )
=2.227+11.142
=13.37

The Planting Hope Co's Total Assets for the quarter that ended in Sep. 2023 is calculated as

Total Assets=Total Equity (Q: Sep. 2023 )+Total Liabilities (Q: Sep. 2023 )
=-5.174+15.815
=10.64

* 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.

The Planting Hope Co  (TSXV:MYLK) Total Assets Explanation

Total Assets is connected with ROA %.

The Planting Hope Co's annualized ROA % for the quarter that ended in Sep. 2023 is

ROA %=Net Income (Q: Sep. 2023 )/( (Total Assets (Q: Jun. 2023 )+Total Assets (Q: Sep. 2023 ))/ count )
=-14.68/( (0+10.641)/ 1 )
=-14.68/10.641
=-137.96 %

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

The Planting Hope Co's Asset Turnover for the quarter that ended in Sep. 2023 is

Asset Turnover
=Revenue (Q: Sep. 2023 )/( (Total Assets (Q: Jun. 2023 )+Total Assets (Q: Sep. 2023 ))/ count )
=2.154/( (0+10.641)/ 1 )
=2.154/10.641
=0.20

* 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.

The Planting Hope Co Total Assets Related Terms

Thank you for viewing the detailed overview of The Planting Hope Co's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

The Planting Hope Co (TSXV:MYLK) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » The Planting Hope Co Inc (TSXV:MYLK) » Definitions » Total Assets
Comparable Companies
TSX:BU NEOE:NGRB XCNQ:PSYC XCNQ:GFCO XCNQ:BITE TSXV:IRO XCNQ:HBFG XCNQ:MEAT XCNQ:ELMT XCNQ:PNGA XSWX:NESN KHC XPAR:BN GIS SHSE:603288 NSE:NESTLEIND SZSE:300999 SHSE:600887 TSE:2802 LSE:ABF
Traded in Other Exchanges
MYLKF:USA J94:Germany
Address
725 Granville Street, Suite 400, Vancouver, BC, CAN, V7Y 1G5
Website
https://www.plantinghopecompany.com
The Planting Hope Co Inc develops, launches, and scales plant-based, nutritious, and planet-friendly food and beverage brands across the United States and Canada. The company's products fill key unmet needs in the skyrocketing plant-based food and beverage space. It focuses on nutrition, sustainability, and diversity, with an ongoing mission. Its brands include Hope and Sesame sesame milk, a sustainable dairy alternative that is nutritionally comparable to dairy milk; Mozaics real veggie chips, a popped alternative to fried potato chips featuring visible peas and beans as principal ingredients; Veggicopia single-serving plant-based dips cups and snack olives that have extended shelf-life, require no refrigeration and lowers the carbon footprint.

The Planting Hope Co (TSXV:MYLK) Headlines

No Headlines