Farmhouse (Farmhouse) Total Assets : $0.01 Mil (As of Sep. 2023)

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What is Farmhouse Total Assets?

Farmhouse's Total Assets for the quarter that ended in Sep. 2023 was $0.01 Mil.

During the past 12 months, Farmhouse's average Total Assets Growth Rate was -53.80% per year. During the past 3 years, the average Total Assets Growth Rate was -88.80% per year. During the past 5 years, the average Total Assets Growth Rate was -84.00% per year. During the past 10 years, the average Total Assets Growth Rate was -62.10% per year.

During the past 13 years, Farmhouse's highest 3-Year average Total Assets Growth Rate was 9.60%. The lowest was -94.20%. And the median was -30.80%.

Total Assets is connected with ROA %. Farmhouse's annualized ROA % for the quarter that ended in Sep. 2023 was -3,314.29%. Total Assets is also linked to Revenue through Asset Turnover. Farmhouse's Asset Turnover for the quarter that ended in Sep. 2023 was 0.43.

Farmhouse Total Assets Historical Data

The historical data trend for Farmhouse'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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Farmhouse Total Assets Chart

Farmhouse Annual Data

Trend

Dec00

Dec01

Apr03

Apr04

Apr05

Apr06

Apr07

Dec20

Dec21

Dec22

Total Assets

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5.91

3.83

0.01

0.07

Farmhouse Quarterly Data
	Jul06	Oct06	Jan07	Apr07	Jul07	Oct07	Mar08	Jun08	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Total Assets	Get a 7-Day Free Trial															0.13	0.07	0.02	0.02	0.01

Farmhouse 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.

Farmhouse's Total Assets for the fiscal year that ended in Dec. 2022 is calculated as

Total Assets	=	Total Equity (A: Dec. 2022 )	+	Total Liabilities (A: Dec. 2022 )
	=	-1.584	+	1.65
	=	0.07

Farmhouse's Total Assets for the quarter that ended in Sep. 2023 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2023 )	+	Total Liabilities (Q: Sep. 2023 )
	=	-1.888	+	1.9
	=	0.01

Farmhouse (OTCPK:FMHS) Total Assets Explanation

Total Assets is connected with ROA %.

Farmhouse's annualized ROA % for the quarter that ended in Sep. 2023 is

ROA %	=	Net Income (Q: Sep. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
	=	-0.464	/	( (0.017	+	0.011)	/ 2 )
	=	-0.464	/	0.014
	=	-3,314.29 %

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

Farmhouse's Asset Turnover for the quarter that ended in Sep. 2023 is

	Asset Turnover
=	Revenue (Q: Sep. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
=	0.006	/	( (0.017	+	0.011)	/ 2 )
=	0.006	/	0.014
=	0.43

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.

Farmhouse Total Assets Related Terms

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Farmhouse (Farmhouse) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Farmhouse Inc (OTCPK:FMHS) » Definitions » Total Assets

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Address

548 Market Street, Suite 90355, San Francisco, CA, USA, 94104

Website

https://www.weedclub.com

Farmhouse Inc is a platform provider to the regulated cannabis industry. Its core product is the WeedClub social network platform, which allows its members to digitally network with actual vetted cannabis industry stakeholders. It serves a wide range of areas within the professional cannabis and hemp industries, such as licensed growers, dispensers, laboratories, distributors, investors, accountants, lawyers, consultants, and others.