Numinus Wellness (Numinus Wellness) Total Assets : $14.28 Mil (As of Feb. 2024)

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What is Numinus Wellness Total Assets?

Numinus Wellness's Total Assets for the quarter that ended in Feb. 2024 was $14.28 Mil.

During the past 12 months, Numinus Wellness's average Total Assets Growth Rate was -39.40% per year. During the past 3 years, the average Total Assets Growth Rate was 65.30% per year.

During the past 5 years, Numinus Wellness's highest 3-Year average Total Assets Growth Rate was 87.10%. The lowest was 65.30%. And the median was 76.20%.

Total Assets is connected with ROA %. Numinus Wellness's annualized ROA % for the quarter that ended in Feb. 2024 was -123.81%. Total Assets is also linked to Revenue through Asset Turnover. Numinus Wellness's Asset Turnover for the quarter that ended in Feb. 2024 was 0.26.

Numinus Wellness Total Assets Historical Data

The historical data trend for Numinus Wellness'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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Numinus Wellness Total Assets Chart

Numinus Wellness Annual Data

Trend

Aug19

Aug20

Aug21

Aug22

Aug23

Total Assets

2.32

3.87

50.91

40.75

18.05

Numinus Wellness 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															30.20	24.34	18.05	14.22	14.28

Numinus Wellness 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.

Numinus Wellness'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 )
	=	10.424	+	7.629
	=	18.05

Numinus Wellness'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 )
	=	7.47	+	6.81
	=	14.28

Numinus Wellness (OTCPK:NMNWF) Total Assets Explanation

Total Assets is connected with ROA %.

Numinus Wellness'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 )
	=	-17.64	/	( (14.215	+	14.281)	/ 2 )
	=	-17.64	/	14.248
	=	-123.81 %

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.

Numinus Wellness'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 )
=	3.727	/	( (14.215	+	14.281)	/ 2 )
=	3.727	/	14.248
=	0.26

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.

Numinus Wellness Total Assets Related Terms

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Numinus Wellness (Numinus Wellness) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Numinus Wellness Inc (OTCPK:NMNWF) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

NUMIF:USA LR23:Germany NUMI:Canada

Address

801 - 33 Water Street, Vancouver, BC, CAN, V6B 1R4

Website

https://www.numinus.ca

Numinus Wellness Inc develops proprietary, psychedelic-centered, therapeutic products and services through its laboratory and research & development processes. The company's clinic network consists of Numinus Health, Mindspace Services, and the Neurology Center of Toronto. Its services include Ketamine-assisted psychotherapy for depression, neurological care, psychotherapy, and counseling by registered psychologists among others. The company's operating segments are; Clinical research operations, Canadian clinic network, US clinic network and Corporate. The majority of the revenue for the company is generated from US clinic network segment. Geographically, the company has its presence in United States and Canada.