BevCanna Enterprises (XCNQ:BEV) Total Assets : C$13.07 Mil (As of Dec. 2023)

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What is BevCanna Enterprises Total Assets?

BevCanna Enterprises's Total Assets for the quarter that ended in Dec. 2023 was C$13.07 Mil.

During the past 12 months, BevCanna Enterprises's average Total Assets Growth Rate was -40.30% per year. During the past 3 years, the average Total Assets Growth Rate was -18.40% per year. During the past 5 years, the average Total Assets Growth Rate was 3.20% per year.

During the past 6 years, BevCanna Enterprises's highest 3-Year average Total Assets Growth Rate was 16.60%. The lowest was -18.40%. And the median was 10.70%.

Total Assets is connected with ROA %. BevCanna Enterprises's annualized ROA % for the quarter that ended in Dec. 2023 was -181.02%. Total Assets is also linked to Revenue through Asset Turnover. BevCanna Enterprises's Asset Turnover for the quarter that ended in Dec. 2023 was -0.07.

BevCanna Enterprises Total Assets Historical Data

The historical data trend for BevCanna Enterprises'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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BevCanna Enterprises Total Assets Chart

BevCanna Enterprises Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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16.24

24.33

18.93

21.80

13.07

BevCanna Enterprises Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial															21.80	21.57	21.36	20.35	13.07

BevCanna Enterprises 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.

BevCanna Enterprises'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 )
	=	-4.313	+	17.383
	=	13.07

BevCanna Enterprises's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	-4.313	+	17.383
	=	13.07

BevCanna Enterprises (XCNQ:BEV) Total Assets Explanation

Total Assets is connected with ROA %.

BevCanna Enterprises's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	-30.244	/	( (20.346	+	13.069)	/ 2 )
	=	-30.244	/	16.7075
	=	-181.02 %

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

BevCanna Enterprises's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	-1.109	/	( (20.346	+	13.069)	/ 2 )
=	-1.109	/	16.7075
=	-0.07

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.

BevCanna Enterprises Total Assets Related Terms

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BevCanna Enterprises (XCNQ:BEV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » BevCanna Enterprises Inc (XCNQ:BEV) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

BVNNF:USA 7BC0:Germany

Address

300 1008 Homer Street, Vancouver, BC, CAN, V6B 2X1

Website

https://www.bevcanna.com

BevCanna Enterprises Inc develops and manufactures cannabidiol (CBD) and tetrahydrocannabinol (THC) beverages and supplements for both in-house brands and white-label customers. It also provides direct-to-customer sales of natural health products, including nutraceutical and hemp-based CBD products. Its geographical segments are Canada and the United States.

Executives

Martino Ciambrelli

Senior Officer

BevCanna Enterprises (XCNQ:BEV) Headlines

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