Jack Nathan Medical (TSXV:JNH) Total Assets : C$11.91 Mil (As of Oct. 2023)

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What is Jack Nathan Medical Total Assets?

Jack Nathan Medical's Total Assets for the quarter that ended in Oct. 2023 was C$11.91 Mil.

During the past 12 months, Jack Nathan Medical's average Total Assets Growth Rate was -3.70% per year. During the past 3 years, the average Total Assets Growth Rate was 43.60% per year.

During the past 6 years, Jack Nathan Medical's highest 3-Year average Total Assets Growth Rate was 43.60%. The lowest was 43.60%. And the median was 43.60%.

Total Assets is connected with ROA %. Jack Nathan Medical's annualized ROA % for the quarter that ended in Oct. 2023 was -67.13%. Total Assets is also linked to Revenue through Asset Turnover. Jack Nathan Medical's Asset Turnover for the quarter that ended in Oct. 2023 was 0.40.

Jack Nathan Medical Total Assets Historical Data

The historical data trend for Jack Nathan Medical'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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Jack Nathan Medical Total Assets Chart

Jack Nathan Medical Annual Data

Trend

Dec18

Dec19

Jan20

Jan21

Jan22

Jan23

Total Assets

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0.41

1.69

10.65

8.14

6.50

Jack Nathan Medical Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Total Assets	Get a 7-Day Free Trial															8.48	6.50	5.80	12.57	11.91

Jack Nathan Medical 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.

Jack Nathan Medical's Total Assets for the fiscal year that ended in Jan. 2023 is calculated as

Total Assets	=	Total Equity (A: Jan. 2023 )	+	Total Liabilities (A: Jan. 2023 )
	=	-1.868	+	6.5
	=	4.63

Jack Nathan Medical's Total Assets for the quarter that ended in Oct. 2023 is calculated as

Total Assets	=	Total Equity (Q: Oct. 2023 )	+	Total Liabilities (Q: Oct. 2023 )
	=	-4.846	+	16.752
	=	11.91

Jack Nathan Medical (TSXV:JNH) Total Assets Explanation

Total Assets is connected with ROA %.

Jack Nathan Medical's annualized ROA % for the quarter that ended in Oct. 2023 is

ROA %	=	Net Income (Q: Oct. 2023 )	/	( (Total Assets (Q: Jul. 2023 )	+	Total Assets (Q: Oct. 2023 ))	/ count )
	=	-8.216	/	( (12.573	+	11.906)	/ 2 )
	=	-8.216	/	12.2395
	=	-67.13 %

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

Jack Nathan Medical's Asset Turnover for the quarter that ended in Oct. 2023 is

	Asset Turnover
=	Revenue (Q: Oct. 2023 )	/	( (Total Assets (Q: Jul. 2023 )	+	Total Assets (Q: Oct. 2023 ))	/ count )
=	4.94	/	( (12.573	+	11.906)	/ 2 )
=	4.94	/	12.2395
=	0.40

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.

Jack Nathan Medical Total Assets Related Terms

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Jack Nathan Medical (TSXV:JNH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Jack Nathan Medical Corp (TSXV:JNH) » Definitions » Total Assets

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JNHMF:USA

Address

6 - 6150 Highway 7, Suite 491, Jack Nathan Health, Woodbridge, ON, CAN, L4H 0R6

Website

https://www.jacknathanhealth.com

Jack Nathan Medical Corp is a healthcare company that is improving access for millions of patients by co-locating physician and ancillary medical services, conveniently inside Walmart stores. The company generates the majority of its revenues from license fees, which are charged in exchange for the right to use its brand name and the licensed premises. Its geographical segments are Canada, which accounts for the vast majority of revenue; Mexico; and China.

Executives

George Barakat

10% Security Holder, Director

Jack Nathan Medical (TSXV:JNH) Headlines

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