Goodfood Market (TSX:FOOD) Total Assets : C$54.6 Mil (As of Feb. 2024)

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What is Goodfood Market Total Assets?

Goodfood Market's Total Assets for the quarter that ended in Feb. 2024 was C$54.6 Mil.

Warning Sign:

If a company builds assets at 31.9% a year, faster than its revenue growth rate of 8.5% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Goodfood Market's average Total Assets Growth Rate was -36.80% per year. During the past 3 years, the average Total Assets Growth Rate was -17.50% per year. During the past 5 years, the average Total Assets Growth Rate was 31.90% per year.

During the past 9 years, Goodfood Market's highest 3-Year average Total Assets Growth Rate was 149.80%. The lowest was -17.50%. And the median was 86.90%.

Total Assets is connected with ROA %. Goodfood Market's annualized ROA % for the quarter that ended in Feb. 2024 was 10.05%. Total Assets is also linked to Revenue through Asset Turnover. Goodfood Market's Asset Turnover for the quarter that ended in Feb. 2024 was 0.72.

Goodfood Market Total Assets Historical Data

The historical data trend for Goodfood Market'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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Goodfood Market Total Assets Chart

Goodfood Market Annual Data

Trend

Dec15

Dec16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Total Assets

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80.78

163.05

255.26

129.85

57.81

Goodfood Market 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															77.01	63.60	57.81	56.25	54.60

Goodfood Market 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.

Goodfood Market's Total Assets for the fiscal year that ended in Aug. 2023 is calculated as

Total Assets	=	Total Equity (A: Aug. 2023 )	+	Total Liabilities (A: Aug. 2023 )
	=	-23.442	+	81.25
	=	57.8

Goodfood Market'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 )
	=	-23.726	+	78.326
	=	54.6

Goodfood Market (TSX:FOOD) Total Assets Explanation

Total Assets is connected with ROA %.

Goodfood Market'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 )
	=	5.572	/	( (56.249	+	54.6)	/ 2 )
	=	5.572	/	55.4245
	=	10.05 %

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.

Goodfood Market'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 )
=	39.755	/	( (56.249	+	54.6)	/ 2 )
=	39.755	/	55.4245
=	0.72

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.

Goodfood Market Total Assets Related Terms

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Goodfood Market (TSX:FOOD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Goodfood Market Corp (TSX:FOOD) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

GDDFF:USA 76O:Germany

Address

4600 Hickmore Street, Saint-Laurent, Montreal, QC, CAN, H4T 1K2

Website

https://www.makegoodfood.ca

Goodfood Market Corp is an online grocery company in Canada delivering fresh meal solutions and groceries that make it easy for members to enjoy delicious meals at home every day. The principal business activity is focused on developing and servicing the online meal kit and grocery add-on market. Goodfood members have access to products and exclusive pricing made possible by its direct-to-consumer fulfilment ecosystem that eliminates waste and retail overhead. It has a production facility and administrative offices in Montreal, with five additional facilities located in Quebec, Ontario, Alberta, and British Columbia. The Company is passionate about connecting its partner farms and suppliers to its customers' kitchens while eliminating food waste and costly retail overhead.

Executives

Roslane Aouameur	Senior Officer
Neil Cuggy	10% Security Holder, Director, Director or Senior Officer of 10% Security Holder, Senior Officer
Jonathan Ferrari	10% Security Holder, Director, Director or Senior Officer of 10% Security Holder, Senior Officer

Goodfood Market (TSX:FOOD) Headlines

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