Ascend Wellness Holdings (XCNQ:AAWH.U) Total Assets : $921.9 Mil (As of Mar. 2024)

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What is Ascend Wellness Holdings Total Assets?

Ascend Wellness Holdings's Total Assets for the quarter that ended in Mar. 2024 was $921.9 Mil.

During the past 12 months, Ascend Wellness Holdings's average Total Assets Growth Rate was 6.50% per year. During the past 3 years, the average Total Assets Growth Rate was 31.70% per year.

During the past 5 years, Ascend Wellness Holdings's highest 3-Year average Total Assets Growth Rate was 31.70%. The lowest was 31.70%. And the median was 31.70%.

Total Assets is connected with ROA %. Ascend Wellness Holdings's annualized ROA % for the quarter that ended in Mar. 2024 was -7.89%. Total Assets is also linked to Revenue through Asset Turnover. Ascend Wellness Holdings's Asset Turnover for the quarter that ended in Mar. 2024 was 0.15.

Ascend Wellness Holdings Total Assets Historical Data

The historical data trend for Ascend Wellness Holdings'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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Ascend Wellness Holdings Total Assets Chart

Ascend Wellness Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

427.75

723.44

872.16

919.55

Ascend Wellness Holdings Quarterly Data
	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													870.09	899.56	907.99	919.55	921.86

Ascend Wellness Holdings 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.

Ascend Wellness Holdings'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 )
	=	142.872	+	776.678
	=	919.6

Ascend Wellness Holdings'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 )
	=	135.83	+	786.027
	=	921.9

Ascend Wellness Holdings (XCNQ:AAWH.U) Total Assets Explanation

Total Assets is connected with ROA %.

Ascend Wellness Holdings'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 )
	=	-72.652	/	( (919.55	+	921.857)	/ 2 )
	=	-72.652	/	920.7035
	=	-7.89 %

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.

Ascend Wellness Holdings'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 )
=	142.41	/	( (919.55	+	921.857)	/ 2 )
=	142.41	/	920.7035
=	0.15

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.

Ascend Wellness Holdings Total Assets Related Terms

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Ascend Wellness Holdings (XCNQ:AAWH.U) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Ascend Wellness Holdings Inc (XCNQ:AAWH.U) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

AAWH:USA

Address

1411 Broadway, 16th Floor, New York, NY, USA, 10018

Website

https://www.awholdings.com

Ascend Wellness Holdings Inc is a vertically integrated multi-state operator focused on adult-use or near-term adult-use cannabis states in limited license markets. The company's core business is the cultivation, manufacturing, and distribution of cannabis consumer packaged goods, which it sells through company-owned retail stores and third-party licensed cannabis retail stores. It generates maximum revenue from the retail product segment.

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