Greenlane Renewables (TSX:GRN) Total Assets : C$59.59 Mil (As of Mar. 2024)

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What is Greenlane Renewables Total Assets?

Greenlane Renewables's Total Assets for the quarter that ended in Mar. 2024 was C$59.59 Mil.

During the past 12 months, Greenlane Renewables's average Total Assets Growth Rate was -16.00% per year. During the past 3 years, the average Total Assets Growth Rate was 16.80% per year. During the past 5 years, the average Total Assets Growth Rate was 314.20% per year.

During the past 6 years, Greenlane Renewables's highest 3-Year average Total Assets Growth Rate was 2178.50%. The lowest was 16.80%. And the median was 36.70%.

Total Assets is connected with ROA %. Greenlane Renewables's annualized ROA % for the quarter that ended in Mar. 2024 was -5.74%. Total Assets is also linked to Revenue through Asset Turnover. Greenlane Renewables's Asset Turnover for the quarter that ended in Mar. 2024 was 0.32.

Greenlane Renewables Total Assets Historical Data

The historical data trend for Greenlane Renewables'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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Greenlane Renewables Total Assets Chart

Greenlane Renewables Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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26.57

43.17

78.79

83.39

54.36

Greenlane Renewables 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															78.61	78.60	70.09	54.36	59.59

Greenlane Renewables 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.

Greenlane Renewables'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 )
	=	25.302	+	29.053
	=	54.36

Greenlane Renewables'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 )
	=	24.229	+	35.357
	=	59.59

Greenlane Renewables (TSX:GRN) Total Assets Explanation

Total Assets is connected with ROA %.

Greenlane Renewables'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 )
	=	-3.272	/	( (54.355	+	59.586)	/ 2 )
	=	-3.272	/	56.9705
	=	-5.74 %

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.

Greenlane Renewables'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 )
=	18.129	/	( (54.355	+	59.586)	/ 2 )
=	18.129	/	56.9705
=	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.

Greenlane Renewables Total Assets Related Terms

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Greenlane Renewables (TSX:GRN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Greenlane Renewables Inc (TSX:GRN) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

GRNWF:USA 52G:Germany

Address

3605 Gilmore Way, Suite 110, Burnaby, BC, CAN, V5G 4X5

Website

https://www.greenlanerenewables.com

Greenlane Renewables Inc is a provider of biogas upgrading systems. Its systems produce clean, renewable natural gas from organic waste sources, including landfills, wastewater treatment plants, dairy farms, and food waste, suitable for either injection into the natural gas grid or for direct use as vehicle fuel. The company generates revenue in the form of System sales and Aftercare services. The company has its geographic presence in Canada, Europe and United States and Others.

Executives

Candice Alderson

Director