Verano Holdings (Verano Holdings) Total Assets : $2,318.7 Mil (As of Dec. 2023)

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What is Verano Holdings Total Assets?

Verano Holdings's Total Assets for the quarter that ended in Dec. 2023 was $2,318.7 Mil.

During the past 12 months, Verano Holdings's average Total Assets Growth Rate was -8.40% per year. During the past 3 years, the average Total Assets Growth Rate was 6294.70% per year.

During the past 5 years, Verano Holdings's highest 3-Year average Total Assets Growth Rate was 11522.20%. The lowest was 6294.70%. And the median was 8908.45%.

Total Assets is connected with ROA %. Verano Holdings's annualized ROA % for the quarter that ended in Dec. 2023 was -13.22%. Total Assets is also linked to Revenue through Asset Turnover. Verano Holdings's Asset Turnover for the quarter that ended in Dec. 2023 was 0.10.

Verano Holdings Total Assets Historical Data

The historical data trend for Verano 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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Verano Holdings Total Assets Chart

Verano Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

0.02

2,548.66

2,396.06

2,318.75

Verano Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial															2,396.06	2,368.97	2,346.80	2,355.10	2,318.75

Verano 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.

Verano 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 )
	=	1240.08	+	1078.665
	=	2,318.7

Verano Holdings'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 )
	=	1240.08	+	1078.665
	=	2,318.7

Verano Holdings (OTCPK:VRNOF) Total Assets Explanation

Total Assets is connected with ROA %.

Verano Holdings'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 )
	=	-308.832	/	( (2355.103	+	2318.745)	/ 2 )
	=	-308.832	/	2336.924
	=	-13.22 %

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.

Verano Holdings'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 )
=	237.189	/	( (2355.103	+	2318.745)	/ 2 )
=	237.189	/	2336.924
=	0.10

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.

Verano Holdings Total Assets Related Terms

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Verano Holdings (Verano Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Verano Holdings Corp (OTCPK:VRNOF) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

VRNO:Canada

Address

415 North Dearborn Street, 4th Floor, Chicago, IL, USA, 60654

Website

https://www.veranogrown.com

Verano Holdings Corp is a vertically integrated multi?state cannabis operator in the United States. The company derives its revenues from its wholesale business and its retail dispensary chains. The retail business includes the design, build-out and operation of branded dispensaries in both medical and adult-use markets. The company's consumer brands include Encore, Avexia, MÜV, Savvy, BITS and Verano. The company's retail dispensaries operate under brands including Zen Leaf and MÜV.