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Avant Brands (Avant Brands) Total Assets : $59.68 Mil (As of Feb. 2024)


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What is Avant Brands Total Assets?

Avant Brands's Total Assets for the quarter that ended in Feb. 2024 was $59.68 Mil.

During the past 12 months, Avant Brands's average Total Assets Growth Rate was 4.90% per year. During the past 3 years, the average Total Assets Growth Rate was 26.70% per year. During the past 5 years, the average Total Assets Growth Rate was 13.90% per year. During the past 10 years, the average Total Assets Growth Rate was 177.30% per year.

During the past 12 years, Avant Brands's highest 3-Year average Total Assets Growth Rate was 1188.70%. The lowest was -29.20%. And the median was 26.70%.

Total Assets is connected with ROA %. Avant Brands's annualized ROA % for the quarter that ended in Feb. 2024 was -13.60%. Total Assets is also linked to Revenue through Asset Turnover. Avant Brands's Asset Turnover for the quarter that ended in Feb. 2024 was 0.10.


Avant Brands Total Assets Historical Data

The historical data trend for Avant Brands'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.

Avant Brands Total Assets Chart

Avant Brands Annual Data
Trend Dec14 Dec15 Dec16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Total Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 34.23 31.21 40.24 49.81 60.23

Avant Brands Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 58.44 57.93 64.94 60.23 59.68

Avant Brands 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.

Avant Brands's Total Assets for the fiscal year that ended in Nov. 2023 is calculated as

Total Assets=Total Equity (A: Nov. 2023 )+Total Liabilities (A: Nov. 2023 )
=35.987+24.239
=60.23

Avant Brands's Total Assets for the quarter that ended in Feb. 2024 is calculated as

Total Assets=Total Equity (Q: Feb. 2024 )+Total Liabilities (Q: Feb. 2024 )
=36.173+23.507
=59.68

* 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.


Avant Brands  (OTCPK:AVTBF) Total Assets Explanation

Total Assets is connected with ROA %.

Avant Brands's annualized ROA % for the quarter that ended in Feb. 2024 is

ROA %=Net Income (Q: Feb. 2024 )/( (Total Assets (Q: Nov. 2023 )+Total Assets (Q: Feb. 2024 ))/ count )
=-8.152/( (60.226+59.68)/ 2 )
=-8.152/59.953
=-13.60 %

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

Avant Brands's Asset Turnover for the quarter that ended in Feb. 2024 is

Asset Turnover
=Revenue (Q: Feb. 2024 )/( (Total Assets (Q: Nov. 2023 )+Total Assets (Q: Feb. 2024 ))/ count )
=5.982/( (60.226+59.68)/ 2 )
=5.982/59.953
=0.10

* 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.

Avant Brands Total Assets Related Terms

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Avant Brands (Avant Brands) Business Description

Traded in Other Exchanges
Address
1632 Dickson Avenue, Suite 335, Kelowna, BC, CAN, V1Y 7T2
Avant Brands Inc is an innovative premium cannabis company. It has multiple licensed and operational production facilities across Canada, which produce high-quality, handcrafted cannabis products for highly desired, and award-winning consumer brands, sold across both recreational and medical channels.