Groove Botanicals (Groove Botanicals) Total Assets : $0.00 Mil (As of Sep. 2023)

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What is Groove Botanicals Total Assets?

Groove Botanicals's Total Assets for the quarter that ended in Sep. 2023 was $0.00 Mil.

During the past 12 months, Groove Botanicals's average Total Assets Growth Rate was -100.00% per year. During the past 3 years, the average Total Assets Growth Rate was -55.60% per year. During the past 5 years, the average Total Assets Growth Rate was -41.50% per year. During the past 10 years, the average Total Assets Growth Rate was -17.80% per year.

During the past 13 years, Groove Botanicals's highest 3-Year average Total Assets Growth Rate was 1478.20%. The lowest was -86.40%. And the median was -8.55%.

Total Assets is connected with ROA %. Groove Botanicals's annualized ROA % for the quarter that ended in Sep. 2023 was -7,000.00%. Total Assets is also linked to Revenue through Asset Turnover. Groove Botanicals's Asset Turnover for the quarter that ended in Sep. 2023 was 0.00.

Groove Botanicals Total Assets Historical Data

The historical data trend for Groove Botanicals'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.

Groove Botanicals Total Assets Chart

Groove Botanicals Annual Data

Trend

Mar08

Mar09

Mar10

Mar11

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Total Assets

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2.57

2.73

2.75

0.37

0.33

Groove Botanicals Semi-Annual Data
	Mar09	Sep09	Mar10	Sep10	Mar11	Sep11	Mar12	Sep12	Mar13	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Sep22	Sep23
Total Assets	Get a 7-Day Free Trial															0.36	0.33	0.30	-	-

Groove Botanicals 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.

Groove Botanicals's Total Assets for the fiscal year that ended in Mar. 2017 is calculated as

Total Assets	=	Total Equity (A: Mar. 2017 )	+	Total Liabilities (A: Mar. 2017 )
	=	-0.867	+	1.192
	=	0.33

Groove Botanicals'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 )
	=	-0.639	+	0.642
	=	0.00

Groove Botanicals (OTCPK:GRVE) Total Assets Explanation

Total Assets is connected with ROA %.

Groove Botanicals's annualized ROA % for the quarter that ended in Sep. 2023 is

ROA %	=	Net Income (Q: Sep. 2023 )	/	( (Total Assets (Q: Sep. 2022 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
	=	-0.21	/	( (0	+	0.003)	/ 1 )
	=	-0.21	/	0.003
	=	-7,000.00 %

Note: The Net Income data used here is two times the semi-annual (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.

Groove Botanicals's Asset Turnover for the quarter that ended in Sep. 2023 is

	Asset Turnover
=	Revenue (Q: Sep. 2023 )	/	( (Total Assets (Q: Sep. 2022 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
=	0	/	( (0	+	0.003)	/ 1 )
=	0	/	0.003
=	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.

Groove Botanicals Total Assets Related Terms

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