Canyon Creek Food Co (TSXV:CYF) Total Assets : C$7.34 Mil (As of Feb. 2024)

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What is Canyon Creek Food Co Total Assets?

Canyon Creek Food Co's Total Assets for the quarter that ended in Feb. 2024 was C$7.34 Mil.

Warning Sign:

If a company builds assets at 32.4% a year, faster than its revenue growth rate of 8.6% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Canyon Creek Food Co's average Total Assets Growth Rate was -3.30% per year. During the past 3 years, the average Total Assets Growth Rate was 11.00% per year. During the past 5 years, the average Total Assets Growth Rate was 32.40% per year. During the past 10 years, the average Total Assets Growth Rate was 19.80% per year.

During the past 13 years, Canyon Creek Food Co's highest 3-Year average Total Assets Growth Rate was 47.90%. The lowest was -18.70%. And the median was -4.00%.

Total Assets is connected with ROA %. Canyon Creek Food Co's annualized ROA % for the quarter that ended in Feb. 2024 was -12.72%. Total Assets is also linked to Revenue through Asset Turnover. Canyon Creek Food Co's Asset Turnover for the quarter that ended in Feb. 2024 was 0.75.

Canyon Creek Food Co Total Assets Historical Data

The historical data trend for Canyon Creek Food Co'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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Canyon Creek Food Co Total Assets Chart

Canyon Creek Food Co Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Total Assets

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2.77

4.86

5.53

7.82

6.65

Canyon Creek Food Co 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															7.59	6.65	7.01	7.64	7.34

Canyon Creek Food Co 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.

Canyon Creek Food Co's Total Assets for the fiscal year that ended in May. 2023 is calculated as

Total Assets	=	Total Equity (A: May. 2023 )	+	Total Liabilities (A: May. 2023 )
	=	-36.646	+	43.294
	=	6.65

Canyon Creek Food Co'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 )
	=	-37.963	+	45.298
	=	7.34

Canyon Creek Food Co (TSXV:CYF) Total Assets Explanation

Total Assets is connected with ROA %.

Canyon Creek Food Co'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 )
	=	-0.952	/	( (7.639	+	7.335)	/ 2 )
	=	-0.952	/	7.487
	=	-12.72 %

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.

Canyon Creek Food Co'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 )
=	5.598	/	( (7.639	+	7.335)	/ 2 )
=	5.598	/	7.487
=	0.75

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.

Canyon Creek Food Co Total Assets Related Terms

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Canyon Creek Food Co (TSXV:CYF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Canyon Creek Food Co Ltd (TSXV:CYF) » Definitions » Total Assets

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Address

8704 - 53rd Avenue, Edmonton, AB, CAN, T6E 5G2

Website

http://www.canyoncreekfood.com

Canyon Creek Food Co Ltd is a food processing company based in Edmonton, Alberta providing fresh soups and other prepared food products for the health-conscious consumer. The company's product offerings include fresh sauces, gravies, mash potatoes, stews and chillies, and others. It provides its fresh food product line to both grocery retailers and a broad range of food service establishments, such as restaurants and institutions throughout Canada. Geographically it caters to Canada and USA and earns key revenue from Canada.

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