Prime Drink Group (Prime Drink Group) Total Assets : $6.83 Mil (As of Mar. 2024)

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What is Prime Drink Group Total Assets?

Prime Drink Group's Total Assets for the quarter that ended in Mar. 2024 was $6.83 Mil.

During the past 12 months, Prime Drink Group's average Total Assets Growth Rate was 9.30% per year. During the past 3 years, the average Total Assets Growth Rate was 5.80% per year.

During the past 5 years, Prime Drink Group's highest 3-Year average Total Assets Growth Rate was 9.00%. The lowest was 5.80%. And the median was 7.40%.

Total Assets is connected with ROA %. Prime Drink Group's annualized ROA % for the quarter that ended in Mar. 2024 was -14.68%. Total Assets is also linked to Revenue through Asset Turnover. Prime Drink Group's Asset Turnover for the quarter that ended in Mar. 2024 was 0.00.

Prime Drink Group Total Assets Historical Data

The historical data trend for Prime Drink Group'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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Prime Drink Group Total Assets Chart

Prime Drink Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

3.73

4.19

4.94

6.35

6.62

Prime Drink Group 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													6.82	6.94	6.66	6.62	6.83

Prime Drink Group 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.

Prime Drink Group'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 )
	=	6.541	+	0.082
	=	6.62

Prime Drink Group'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 )
	=	6.325	+	0.508
	=	6.83

Prime Drink Group (OTCPK:DOMWF) Total Assets Explanation

Total Assets is connected with ROA %.

Prime Drink Group'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 )
	=	-0.988	/	( (6.622	+	6.834)	/ 2 )
	=	-0.988	/	6.728
	=	-14.68 %

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.

Prime Drink Group'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	/	( (6.622	+	6.834)	/ 2 )
=	0	/	6.728
=	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.

Prime Drink Group Total Assets Related Terms

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Prime Drink Group (Prime Drink Group) Business Description

Industry

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PRME:Canada

Address

1188 Union Avenue, Suite 609, Montreal, QC, CAN, H3B 0E5

Website

https://www.dwrcorp.ca

Prime Drink Group Corp is engaged in the business of acquiring and managing spring water permits to develop operations in the spring water market in Quebec and elsewhere.