Pineapple (Pineapple) Total Assets : $8.11 Mil (As of Sep. 2023)

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What is Pineapple Total Assets?

Pineapple's Total Assets for the quarter that ended in Sep. 2023 was $8.11 Mil.

During the past 3 years, the average Total Assets Growth Rate was -82.50% per year. During the past 5 years, the average Total Assets Growth Rate was -36.40% per year.

During the past 8 years, Pineapple's highest 3-Year average Total Assets Growth Rate was 192.60%. The lowest was -82.50%. And the median was 24.70%.

Total Assets is connected with ROA %. Pineapple's annualized ROA % for the quarter that ended in Sep. 2023 was -28.18%. Total Assets is also linked to Revenue through Asset Turnover. Pineapple's Asset Turnover for the quarter that ended in Sep. 2023 was 0.01.

Pineapple Total Assets Historical Data

The historical data trend for Pineapple'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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Pineapple Total Assets Chart

Pineapple Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec21

Dec22

Total Assets

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0.38

0.73

9.40

Pineapple Quarterly Data
	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Total Assets	Get a 7-Day Free Trial															-	-	0.67	6.57	8.11

Pineapple 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.

Pineapple'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 )
	=	-1.375	+	1.377
	=	0.00

Pineapple'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 )
	=	-2.323	+	10.434
	=	8.11

Pineapple (OTCPK:PNPL) Total Assets Explanation

Total Assets is connected with ROA %.

Pineapple'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 )
	=	-2.068	/	( (6.565	+	8.11)	/ 2 )
	=	-2.068	/	7.3375
	=	-28.18 %

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.

Pineapple'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 )
=	0.105	/	( (6.565	+	8.11)	/ 2 )
=	0.105	/	7.3375
=	0.01

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.

Pineapple Total Assets Related Terms

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Pineapple (Pineapple) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Pineapple Inc (OTCPK:PNPL) » Definitions » Total Assets

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Address

10351 Santa Monica Boulevard, Suite 420, Los Angeles, CA, USA, 90025

Website

https://pineappleinc.com

Pineapple Inc Formerly Pineapple Express Inc through its subsidiary provides expert consulting, product licensing, and capital to help distinguish and grow new and existing businesses within the cannabis industry. Primarily the group is involved in purchase and lease of real estate property, offering consulting services and technology to develop and enhance canna-businesses. It derives most of the revenue from of rent and tent reimbursements source.