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1CM (XCNQ:EPIC) Total Assets : C$36.14 Mil (As of Feb. 2024)


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What is 1CM Total Assets?

1CM's Total Assets for the quarter that ended in Feb. 2024 was C$36.14 Mil.

During the past 3 years, the average Total Assets Growth Rate was 46.40% per year. During the past 5 years, the average Total Assets Growth Rate was 11.40% per year. During the past 10 years, the average Total Assets Growth Rate was 108.30% per year.

During the past 12 years, 1CM's highest 3-Year average Total Assets Growth Rate was 1191.80%. The lowest was -76.80%. And the median was 46.40%.

Total Assets is connected with ROA %. 1CM's annualized ROA % for the quarter that ended in Feb. 2024 was -0.16%. Total Assets is also linked to Revenue through Asset Turnover. 1CM's Asset Turnover for the quarter that ended in Feb. 2024 was 0.37.


1CM Total Assets Historical Data

The historical data trend for 1CM'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.

* Premium members only.

1CM Total Assets Chart

1CM Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Total Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.26 9.88 9.32 28.23 34.02

1CM 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 31.15 34.02 35.28 36.14

1CM 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.

1CM'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 )
=24.595+9.424
=34.02

1CM'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 )
=26.454+9.683
=36.14

* 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.


1CM  (XCNQ:EPIC) Total Assets Explanation

Total Assets is connected with ROA %.

1CM'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 )
=-0.056/( (35.276+36.137)/ 2 )
=-0.056/35.7065
=-0.16 %

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.

1CM'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 )
=13.292/( (35.276+36.137)/ 2 )
=13.292/35.7065
=0.37

* 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.

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.

1CM Total Assets Related Terms

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1CM (XCNQ:EPIC) Business Description

Traded in Other Exchanges
Address
625 Cochrane Drive, Suite 802, Markham, ON, CAN, L3R9R9
1CM Inc is a multi-jurisdictional cannabis company focused on it's retail customers and technology to democratize cannabis markets. The Company is focuses on expanding its current operations through organic growth and by way of merger and acquisition transactions.

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