Modern Plant Based Foods (XCNQ:MEAT) Total Assets : C$0.81 Mil (As of Feb. 2024)

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What is Modern Plant Based Foods Total Assets?

Modern Plant Based Foods's Total Assets for the quarter that ended in Feb. 2024 was C$0.81 Mil.

During the past 12 months, Modern Plant Based Foods's average Total Assets Growth Rate was -26.60% per year. During the past 3 years, the average Total Assets Growth Rate was 2.20% per year. During the past 5 years, the average Total Assets Growth Rate was 134.60% per year. During the past 10 years, the average Total Assets Growth Rate was 5.00% per year.

During the past 13 years, Modern Plant Based Foods's highest 3-Year average Total Assets Growth Rate was 352.50%. The lowest was -85.80%. And the median was -0.10%.

Total Assets is connected with ROA %. Modern Plant Based Foods's annualized ROA % for the quarter that ended in Feb. 2024 was -45.63%. Total Assets is also linked to Revenue through Asset Turnover. Modern Plant Based Foods's Asset Turnover for the quarter that ended in Feb. 2024 was 0.26.

Modern Plant Based Foods Total Assets Historical Data

The historical data trend for Modern Plant Based Foods'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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Modern Plant Based Foods Total Assets Chart

Modern Plant Based Foods Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Aug20

Aug21

Aug22

Aug23

Total Assets

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0.62

3.40

3.48

1.24

0.70

Modern Plant Based Foods Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Total Assets	Get a 7-Day Free Trial															1.01	0.90	0.70	0.77	0.81

Modern Plant Based Foods 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.

Modern Plant Based Foods's Total Assets for the fiscal year that ended in Aug. 2023 is calculated as

Total Assets	=	Total Equity (A: Aug. 2023 )	+	Total Liabilities (A: Aug. 2023 )
	=	-0.959	+	1.661
	=	0.70

Modern Plant Based Foods'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 )
	=	-1.191	+	2.004
	=	0.81

Modern Plant Based Foods (XCNQ:MEAT) Total Assets Explanation

Total Assets is connected with ROA %.

Modern Plant Based Foods'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 )
	=	-0.36	/	( (0.765	+	0.813)	/ 2 )
	=	-0.36	/	0.789
	=	-45.63 %

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.

Modern Plant Based Foods'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 )
=	0.206	/	( (0.765	+	0.813)	/ 2 )
=	0.206	/	0.789
=	0.26

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.

Modern Plant Based Foods Total Assets Related Terms

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Modern Plant Based Foods (XCNQ:MEAT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Modern Plant Based Foods Inc (XCNQ:MEAT) » Definitions » Total Assets

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MDRNF:USA L3OP:Germany

Address

700 West Georgia Street, Suite 2500, Vancouver, BC, CAN, V7Y 1B3

Website

https://www.themodernmeat.com

Modern Plant Based Foods Inc is a Canadian food company based in Vancouver, British Columbia that offers a portfolio of plant-based products including meat alternatives, dairy-free cheeses, homemade style soups and vegan snacks. The company understands the importance of providing nutritious and sustainable alternatives without sacrificing taste. All products are made free of soy, gluten, nuts and GMOs. Modern Plant-Based Foods' objective is to change the way food is produced and consumed for the benefit of people, animals and the environment by using natural plant-based ingredients. The products are available for purchase at various retail locations and on e-commerce platforms.

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