PlantX Life (PlantX Life) Total Assets : $5.25 Mil (As of Dec. 2023)

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What is PlantX Life Total Assets?

PlantX Life's Total Assets for the quarter that ended in Dec. 2023 was $5.25 Mil.

During the past 12 months, PlantX Life's average Total Assets Growth Rate was -35.00% per year. During the past 3 years, the average Total Assets Growth Rate was 322.60% per year.

During the past 5 years, PlantX Life's highest 3-Year average Total Assets Growth Rate was 425.80%. The lowest was 322.60%. And the median was 374.20%.

Total Assets is connected with ROA %. PlantX Life's annualized ROA % for the quarter that ended in Dec. 2023 was -19.63%. Total Assets is also linked to Revenue through Asset Turnover. PlantX Life's Asset Turnover for the quarter that ended in Dec. 2023 was 0.43.

PlantX Life Total Assets Historical Data

The historical data trend for PlantX Life'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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PlantX Life Total Assets Chart

PlantX Life Annual Data

Trend

Jul19

Jul20

Mar21

Mar22

Mar23

Total Assets

0.43

2.44

25.93

9.63

5.52

PlantX Life Quarterly Data
	Jul19	Mar20	Jul20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial											7.87	5.52	5.32	5.84	5.25

PlantX Life 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.

PlantX Life's Total Assets for the fiscal year that ended in Mar. 2023 is calculated as

Total Assets	=	Total Equity (A: Mar. 2023 )	+	Total Liabilities (A: Mar. 2023 )
	=	-13.201	+	18.722
	=	5.52

PlantX Life's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	-15.502	+	20.754
	=	5.25

PlantX Life (OTCPK:PLTXF) Total Assets Explanation

Total Assets is connected with ROA %.

PlantX Life's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	-1.088	/	( (5.836	+	5.251)	/ 2 )
	=	-1.088	/	5.5435
	=	-19.63 %

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

PlantX Life's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	2.408	/	( (5.836	+	5.251)	/ 2 )
=	2.408	/	5.5435
=	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.

PlantX Life Total Assets Related Terms

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PlantX Life (PlantX Life) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » PlantX Life Inc (OTCPK:PLTXF) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

WNT0:Germany VEGA:Canada

Address

100 Park Royal South, Suite 504, West Vancouver, Vancouver, BC, CAN, V7T 1A2

Website

https://www.plantx.com

PlantX Life Inc is a digital-based, one-stop-shop, and distribution company with a fast-growing database with a plan to offer customers across North America. The company's operating segment includes Vegaste, PlantX Living Inc, Bloombox, Score (Squamish), Israel, Little West, Plant-Based Deli, New Deli, PlantX UK, PlantX Nevada, EH Coffee, Portfolio Coffee, and PlantX Midwest. The company uses its digital platform to build a community of like-minded consumers, and most importantly, provide education. Its successful enterprise is being built and fortified on partnerships with top nutritionists, chefs, and brands. It has a presence in the United States, United Kingdom, Canada, Israel, and Germany.