GreenFirst Forest Products (TSX:GFP) Total Assets : C$302.8 Mil (As of Mar. 2024)

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What is GreenFirst Forest Products Total Assets?

GreenFirst Forest Products's Total Assets for the quarter that ended in Mar. 2024 was C$302.8 Mil.

During the past 12 months, GreenFirst Forest Products's average Total Assets Growth Rate was 0.20% per year. During the past 3 years, the average Total Assets Growth Rate was 184.00% per year. During the past 5 years, the average Total Assets Growth Rate was 277.40% per year. During the past 10 years, the average Total Assets Growth Rate was 98.00% per year.

During the past 13 years, GreenFirst Forest Products's highest 3-Year average Total Assets Growth Rate was 1953.10%. The lowest was -88.10%. And the median was 26.80%.

Total Assets is connected with ROA %. GreenFirst Forest Products's annualized ROA % for the quarter that ended in Mar. 2024 was -18.39%. Total Assets is also linked to Revenue through Asset Turnover. GreenFirst Forest Products's Asset Turnover for the quarter that ended in Mar. 2024 was 0.32.

GreenFirst Forest Products Total Assets Historical Data

The historical data trend for GreenFirst Forest Products'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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GreenFirst Forest Products Total Assets Chart

GreenFirst Forest Products Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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13.29

17.31

417.39

371.50

277.94

GreenFirst Forest Products Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															325.70	283.66	284.23	277.94	302.84

GreenFirst Forest Products 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.

GreenFirst Forest Products's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	185.238	+	92.706
	=	277.9

GreenFirst Forest Products's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	167.711	+	135.127
	=	302.8

GreenFirst Forest Products (TSX:GFP) Total Assets Explanation

Total Assets is connected with ROA %.

GreenFirst Forest Products's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	-53.404	/	( (277.944	+	302.838)	/ 2 )
	=	-53.404	/	290.391
	=	-18.39 %

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

GreenFirst Forest Products's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	93.068	/	( (277.944	+	302.838)	/ 2 )
=	93.068	/	290.391
=	0.32

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.

GreenFirst Forest Products Total Assets Related Terms

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GreenFirst Forest Products (TSX:GFP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » GreenFirst Forest Products Inc (TSX:GFP) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

ICLTF:USA IMT:Germany

Address

401 The West Mall, Suite 1000, Vancouver, BC, CAN, M9C 5J5

Website

https://www.greenfirst.ca

GreenFirst Forest Products Inc is a forest-first business, focused on sustainable forest management and lumber production. The Company operates through two business segments: forest products and paper products. Through its forest products segment, the Company produces and markets a wide range of forest products for use in residential and commercial construction, including SPF lumber, wood chips, and by-products. The Paper Products segment manufactures and sells paper-grade products used in printing newspapers, promotional materials, food service bags, and other related paper products.

Executives

Michael Clark Mitchell

Director

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