Veritas Farms (Veritas Farms) Total Assets : $8.32 Mil (As of Sep. 2023)

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What is Veritas Farms Total Assets?

Veritas Farms's Total Assets for the quarter that ended in Sep. 2023 was $8.32 Mil.

During the past 12 months, Veritas Farms's average Total Assets Growth Rate was 0.40% per year. During the past 3 years, the average Total Assets Growth Rate was -20.00% per year.

During the past 7 years, Veritas Farms's highest 3-Year average Total Assets Growth Rate was 5.80%. The lowest was -20.00%. And the median was -7.10%.

Total Assets is connected with ROA %. Veritas Farms's annualized ROA % for the quarter that ended in Sep. 2023 was -65.89%. Total Assets is also linked to Revenue through Asset Turnover. Veritas Farms's Asset Turnover for the quarter that ended in Sep. 2023 was 0.03.

Veritas Farms Total Assets Historical Data

The historical data trend for Veritas Farms'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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Veritas Farms Total Assets Chart

Veritas Farms Annual Data

Trend

Jan16

Jan17

Dec18

Dec19

Dec20

Dec21

Dec22

Total Assets

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7.01

14.22

12.41

8.60

6.79

Veritas Farms Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Total Assets	Get a 7-Day Free Trial															8.35	6.79	6.35	5.46	8.32

Veritas Farms 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.

Veritas Farms's Total Assets for the fiscal year that ended in Dec. 2022 is calculated as

Total Assets	=	Total Equity (A: Dec. 2022 )	+	Total Liabilities (A: Dec. 2022 )
	=	-0.606	+	7.401
	=	6.80

Veritas Farms's Total Assets for the quarter that ended in Sep. 2023 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2023 )	+	Total Liabilities (Q: Sep. 2023 )
	=	0.207	+	8.112
	=	8.32

Veritas Farms (OTCPK:VFRM) Total Assets Explanation

Total Assets is connected with ROA %.

Veritas Farms's annualized ROA % for the quarter that ended in Sep. 2023 is

ROA %	=	Net Income (Q: Sep. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
	=	-4.54	/	( (5.462	+	8.319)	/ 2 )
	=	-4.54	/	6.8905
	=	-65.89 %

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

Veritas Farms's Asset Turnover for the quarter that ended in Sep. 2023 is

	Asset Turnover
=	Revenue (Q: Sep. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
=	0.236	/	( (5.462	+	8.319)	/ 2 )
=	0.236	/	6.8905
=	0.03

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.

Veritas Farms Total Assets Related Terms

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Veritas Farms (Veritas Farms) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Veritas Farms Inc (OTCPK:VFRM) » Definitions » Total Assets

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Address

401 E. Las Olas Boulevard, Suite 1400, Fort Lauderdale, FL, USA, 33001

Website

https://www.theveritasfarms.com

Veritas Farms Inc is engaged in producing natural rich-hemp products, using strict natural protocols and materials yielding broad spectrum phytocannabinoid rich hemp oils, distillates and isolates. Its products include Full Spectrum CBD Tincture, Full Spectrum CBD Salve, Full Spectrum CBD Capsules, Full Spectrum CBD Lotion and Others.