AgriFORCE Growing Systems (AgriFORCE Growing Systems) Total Assets : $15.99 Mil (As of Mar. 2024)

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What is AgriFORCE Growing Systems Total Assets?

AgriFORCE Growing Systems's Total Assets for the quarter that ended in Mar. 2024 was $15.99 Mil.

During the past 12 months, AgriFORCE Growing Systems's average Total Assets Growth Rate was -23.50% per year. During the past 3 years, the average Total Assets Growth Rate was 70.70% per year. During the past 5 years, the average Total Assets Growth Rate was 132.90% per year.

During the past 6 years, AgriFORCE Growing Systems's highest 3-Year average Total Assets Growth Rate was 201.90%. The lowest was 70.70%. And the median was 106.90%.

Total Assets is connected with ROA %. AgriFORCE Growing Systems's annualized ROA % for the quarter that ended in Mar. 2024 was -79.82%. Total Assets is also linked to Revenue through Asset Turnover. AgriFORCE Growing Systems's Asset Turnover for the quarter that ended in Mar. 2024 was 0.00.

AgriFORCE Growing Systems Total Assets Historical Data

The historical data trend for AgriFORCE Growing Systems'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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AgriFORCE Growing Systems Total Assets Chart

AgriFORCE Growing Systems Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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4.37

3.37

11.77

21.85

17.37

AgriFORCE Growing Systems Quarterly Data
	Dec18	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															19.88	18.23	17.34	17.37	15.99

AgriFORCE Growing Systems 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.

AgriFORCE Growing Systems'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 )
	=	8.565	+	8.803
	=	17.37

AgriFORCE Growing Systems'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 )
	=	8.939	+	7.047
	=	15.99

AgriFORCE Growing Systems (NAS:AGRI) Total Assets Explanation

Total Assets is connected with ROA %.

AgriFORCE Growing Systems'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 )
	=	-13.312	/	( (17.368	+	15.986)	/ 2 )
	=	-13.312	/	16.677
	=	-79.82 %

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.

AgriFORCE Growing Systems'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 )
=	0	/	( (17.368	+	15.986)	/ 2 )
=	0	/	16.677
=	0.00

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.

AgriFORCE Growing Systems Total Assets Related Terms

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AgriFORCE Growing Systems (AgriFORCE Growing Systems) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » AgriFORCE Growing Systems Ltd (NAS:AGRI) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

300-2233 Columbia Street, Vancouver, BC, CAN, V5Y 0M6

Website

https://www.agriforcegs.com

AgriFORCE Growing Systems Ltd is a Canada-based company dedicated to transforming modern agricultural development through its proprietary patent-pending facility design and automated growing system. Its methods are designed to produce high-quality, pesticide-free, locally cultivated crops, cost-effectively and with the ability to quickly scale, in virtually any climate.

Executives

Ingo Wilhelm Mueller	director, officer: Chief Executive Officer	300 - 2233 COLUMBIA STREET, VANCOUVER A1 V5Y 0M6
Amy Griffith	director	718 OLD LANCASTER ROAD, BRYN MAWR PA 19010
Richard Levychin	director	189 MONTAGUE STREET, APT. 28A, BROOKLYN NY 11201
Don Nicholson	director	1602-1228 WEST HASTINGS ST, VANCOUVER A1 V6E 4S6
David Ryan Welch	director	500 SOUTH GRAND AVENUE,, SUITE 1800, LOS ANGELES CA 90071
William John Meekison	director	4475 ROSS CRESCENT, WEST VANCOUVER A1 V7W 1B4
Troy Mcclellan	officer: President, AgriFORCE Solutions	C/O AGRIFORCE GROWING SYSTEMS LTD, 300 - 2233 COLUMBIA STREET, VANCOUVER A1 V5Y 0M6