Kaival Brands Innovations Group (Kaival Brands Innovations Group) Total Assets : $16.27 Mil (As of Jan. 2024)

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What is Kaival Brands Innovations Group Total Assets?

Kaival Brands Innovations Group's Total Assets for the quarter that ended in Jan. 2024 was $16.27 Mil.

During the past 12 months, Kaival Brands Innovations Group's average Total Assets Growth Rate was 69.30% per year. During the past 3 years, the average Total Assets Growth Rate was 132.90% per year.

During the past 6 years, Kaival Brands Innovations Group's highest 3-Year average Total Assets Growth Rate was 132.90%. The lowest was 132.90%. And the median was 132.90%.

Total Assets is connected with ROA %. Kaival Brands Innovations Group's annualized ROA % for the quarter that ended in Jan. 2024 was -47.43%. Total Assets is also linked to Revenue through Asset Turnover. Kaival Brands Innovations Group's Asset Turnover for the quarter that ended in Jan. 2024 was 0.18.

Kaival Brands Innovations Group Total Assets Historical Data

The historical data trend for Kaival Brands Innovations Group'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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Kaival Brands Innovations Group Total Assets Chart

Kaival Brands Innovations Group Annual Data

Trend

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Total Assets

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8.92

30.19

12.44

19.39

Kaival Brands Innovations Group Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Total Assets	Get a 7-Day Free Trial															13.04	10.82	21.18	19.39	16.27

Kaival Brands Innovations Group 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.

Kaival Brands Innovations Group's Total Assets for the fiscal year that ended in Oct. 2023 is calculated as

Total Assets	=	Total Equity (A: Oct. 2023 )	+	Total Liabilities (A: Oct. 2023 )
	=	13.557	+	5.828
	=	19.39

Kaival Brands Innovations Group's Total Assets for the quarter that ended in Jan. 2024 is calculated as

Total Assets	=	Total Equity (Q: Jan. 2024 )	+	Total Liabilities (Q: Jan. 2024 )
	=	11.748	+	4.522
	=	16.27

Kaival Brands Innovations Group (NAS:KAVL) Total Assets Explanation

Total Assets is connected with ROA %.

Kaival Brands Innovations Group's annualized ROA % for the quarter that ended in Jan. 2024 is

ROA %	=	Net Income (Q: Jan. 2024 )	/	( (Total Assets (Q: Oct. 2023 )	+	Total Assets (Q: Jan. 2024 ))	/ count )
	=	-8.456	/	( (19.385	+	16.269)	/ 2 )
	=	-8.456	/	17.827
	=	-47.43 %

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

Kaival Brands Innovations Group's Asset Turnover for the quarter that ended in Jan. 2024 is

	Asset Turnover
=	Revenue (Q: Jan. 2024 )	/	( (Total Assets (Q: Oct. 2023 )	+	Total Assets (Q: Jan. 2024 ))	/ count )
=	3.212	/	( (19.385	+	16.269)	/ 2 )
=	3.212	/	17.827
=	0.18

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.

Kaival Brands Innovations Group Total Assets Related Terms

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Kaival Brands Innovations Group (Kaival Brands Innovations Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » Kaival Brands Innovations Group Inc (NAS:KAVL) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

4460 Old Dixie Highway, Grant, FL, USA, 32949

Website

https://www.kaivalbrands.com

Kaival Brands Innovations Group Inc is focused on growing and incubating innovative and profitable products. The company is engaged in the business of developing electronic nicotine delivery systems and related components. Its primary product includes Bidi Stick. The BIDI Stick comes in a variety of flavor options for adult cigarette smokers.

Executives

Stephen Alan Sheriff	officer: COO & IRO	4460 OLD DIXIE HIGHWAY, GRANT-VALKARIA FL 32949
Thomas James Metzler	officer: CFO, Treasurer and Secretary	KAIVAL BRANDS INNOVATIONS GROUP, INC., 4460 OLD DIXIE HIGHWAY, GRANT FL 32949
James Patrick Cassidy	director	14 SOUTH PACK SQUARE, SUITE 403, ASHEVILLE NC 28801
Barry Michael Hopkins	director	KAIVAL BRANDS INNOVATIONS GROUP, INC., 4460 OLD DIXIE HIGHWAY, GRANT FL 32949
David Worner	director	KAIVAL BRANDS INNOVATIONS GROUP, INC., 4460 OLD DIXIE HIGHWAY, GRANT FL 32949
Mark L Thoenes	officer: Interim CFO	7700 N.E. AMBASSADOR PL, PORTLAND OR 97220
George T. Chuang	director	4460 OLD DIXIE HIGHWAY, GRANT FL 32949
Nirajkumar Patel	director, 10 percent owner, officer: CEO, CFO, President, Treasurer	4460 OLD DIXIE HIGHWAY,, GRANT FL 32949
Paul John Reuter	director	4460 OLD DIXIE HIGHWAY, GRANT FL 32949
Roger Brooks	director	4460 OLD DIXIE HIGHWAY, GRANT FL 32949
Carolyn Hanigan	director	4460 OLD DIXIE HIGHWAY, GRANT FL 32949
Eric Mosser	director, 10 percent owner, officer: COO, Secretary	4460 OLD DIXIE HIGHWAY, GRANT FL 32949
Kaival Brands Innovations Group, Llc	10 percent owner	4460 OLD DIXIE HIGHWAY, GRANT FL 32949
Gmrz Holdings Llc	10 percent owner	780 RESERVOIR AVENUE, #123, CRANSTON RI 02910