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Nature's Miracle Holding (Nature's Miracle Holding) Total Assets : $12.01 Mil (As of Mar. 2024)


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What is Nature's Miracle Holding Total Assets?

Nature's Miracle Holding's Total Assets for the quarter that ended in Mar. 2024 was $12.01 Mil.

During the past 3 years, the average Total Assets Growth Rate was 9.00% per year.

During the past 4 years, Nature's Miracle Holding's highest 3-Year average Total Assets Growth Rate was 9.00%. The lowest was 9.00%. And the median was 9.00%.

Total Assets is connected with ROA %. Nature's Miracle Holding's annualized ROA % for the quarter that ended in Mar. 2024 was -70.42%. Total Assets is also linked to Revenue through Asset Turnover. Nature's Miracle Holding's Asset Turnover for the quarter that ended in Mar. 2024 was 0.17.

Nature's Miracle Holding Total Assets Historical Data

The historical data trend for Nature's Miracle Holding'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.

Nature's Miracle Holding Total Assets Chart

Nature's Miracle Holding Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Total Assets
11.28 11.80 20.85 14.20

Nature's Miracle Holding Quarterly Data
Dec20 Jun21 Sep21 Dec21 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 19.53 18.47 14.20 12.01

Nature's Miracle Holding 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.

Nature's Miracle Holding'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 )
=-6.72+20.92
=14.20

Nature's Miracle Holding'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 )
=-11.558+23.565
=12.01

* 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.

Nature's Miracle Holding  (NAS:NMHI) Total Assets Explanation

Total Assets is connected with ROA %.

Nature's Miracle Holding'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 )
=-9.228/( (14.2+12.007)/ 2 )
=-9.228/13.1035
=-70.42 %

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.

Nature's Miracle Holding'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 )
=2.205/( (14.2+12.007)/ 2 )
=2.205/13.1035
=0.17

* 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.

Nature's Miracle Holding Total Assets Related Terms

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Nature's Miracle Holding (Nature's Miracle Holding) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Nature's Miracle Holding Inc (NAS:NMHI) » Definitions » Total Assets
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Traded in Other Exchanges
N/A
Address
858 North Central Avenue, Upland, Upland, CA, USA, 91786
Website
https://www.nature-miracle.com
Nature's Miracle Holding Inc is a fast-growing agriculture technology company providing services to growers in the Controlled Environment Agriculture ("CEA") industry which also include vertical farming in North America. It offers integrated solutions which include hardware as well as software to design, build and operate various indoor growing settings including greenhouse and indoor-growing spaces.

Nature's Miracle Holding (Nature's Miracle Holding) Headlines

From GuruFocus

NATURE'S MIRACLE HOLDING INC. RECENTLY RANG THE CLOSING BELL AT NASDAQ, TIMES SQUARE NYC

By PRNewswire • 03-19-2024