Mary Agrotechnologies (XCNQ:MARY) Total Assets : C$0.06 Mil (As of Mar. 2024)

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What is Mary Agrotechnologies Total Assets?

Mary Agrotechnologies's Total Assets for the quarter that ended in Mar. 2024 was C$0.06 Mil.

During the past 12 months, Mary Agrotechnologies's average Total Assets Growth Rate was -90.10% per year. During the past 3 years, the average Total Assets Growth Rate was -39.30% per year.

During the past 4 years, Mary Agrotechnologies's highest 3-Year average Total Assets Growth Rate was -39.30%. The lowest was -39.30%. And the median was -39.30%.

Total Assets is connected with ROA %. Mary Agrotechnologies's annualized ROA % for the quarter that ended in Mar. 2024 was -242.70%. Total Assets is also linked to Revenue through Asset Turnover. Mary Agrotechnologies's Asset Turnover for the quarter that ended in Mar. 2024 was 0.02.

Mary Agrotechnologies Total Assets Historical Data

The historical data trend for Mary Agrotechnologies'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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Mary Agrotechnologies Total Assets Chart

Mary Agrotechnologies Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

Total Assets

0.56

2.43

1.16

0.26

Mary Agrotechnologies Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial											0.97	0.92	0.26	0.12	0.06

Mary Agrotechnologies 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.

Mary Agrotechnologies's Total Assets for the fiscal year that ended in Sep. 2023 is calculated as

Total Assets	=	Total Equity (A: Sep. 2023 )	+	Total Liabilities (A: Sep. 2023 )
	=	0.141	+	0.121
	=	0.26

Mary Agrotechnologies's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	-0.035	+	0.094
	=	0.06

Mary Agrotechnologies (XCNQ:MARY) Total Assets Explanation

Total Assets is connected with ROA %.

Mary Agrotechnologies's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	-0.216	/	( (0.119	+	0.059)	/ 2 )
	=	-0.216	/	0.089
	=	-242.70 %

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

Mary Agrotechnologies's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	0.002	/	( (0.119	+	0.059)	/ 2 )
=	0.002	/	0.089
=	0.02

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.

Mary Agrotechnologies Total Assets Related Terms

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Mary Agrotechnologies (XCNQ:MARY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Mary Agrotechnologies Inc (XCNQ:MARY) » Definitions » Total Assets

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Traded in Other Exchanges

MRRYF:USA

Address

115 Apple Creek Boulevard, Unit 3 and 4, Markham, ON, CAN, L3R 6C9

Website

https://www.mary.ag

Mary Agrotechnologies Inc is a data-driven agriculture technology company. The primary business activity of the Company is to produce a fully automated plant-growing device managed and controlled by an artificially intelligent algorithm, allowing consumers to grow their herbs and vegetables effortlessly from seed to plant while providing optimal conditions to assure premium quality produce year-round. The Company operates mainly in the fields of development and distribution of home-growing automated machines and commercial containers for a variety of herbs and vegetables worldwide.

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