The Hash (XCNQ:REZN) Total Assets : C$0.26 Mil (As of Dec. 2023)

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What is The Hash Total Assets?

The Hash's Total Assets for the quarter that ended in Dec. 2023 was C$0.26 Mil.

During the past 12 months, The Hash's average Total Assets Growth Rate was -48.90% per year. During the past 3 years, the average Total Assets Growth Rate was 4.10% per year.

During the past 5 years, The Hash's highest 3-Year average Total Assets Growth Rate was 172.20%. The lowest was 4.10%. And the median was 88.15%.

Total Assets is connected with ROA %. The Hash's annualized ROA % for the quarter that ended in Dec. 2023 was -91.55%. Total Assets is also linked to Revenue through Asset Turnover. The Hash's Asset Turnover for the quarter that ended in Dec. 2023 was 0.38.

The Hash Total Assets Historical Data

The historical data trend for The Hash'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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The Hash Total Assets Chart

The Hash Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

2.70

2.26

1.41

0.50

0.26

The Hash Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial														0.50	1.17	0.35	0.31	0.26

The Hash 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.

The Hash's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	-0.396	+	0.658
	=	0.26

The Hash's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	-0.396	+	0.658
	=	0.26

The Hash (XCNQ:REZN) Total Assets Explanation

Total Assets is connected with ROA %.

The Hash's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	-0.26	/	( (0.306	+	0.262)	/ 2 )
	=	-0.26	/	0.284
	=	-91.55 %

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

The Hash's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	0.107	/	( (0.306	+	0.262)	/ 2 )
=	0.107	/	0.284
=	0.38

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.

The Hash Total Assets Related Terms

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The Hash (XCNQ:REZN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » The Hash Corp (XCNQ:REZN) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

REZNF:USA

Address

1 Adelaide Street East, Suite 801, Toronto, ON, CAN, M5C 2V9

Website

https://www.thehashcorporation.com

The Hash Corp is engaged in the production and sale of cannabis-based hashish and other cannabis products. It applies its separation and curing techniques to produce a suite of high-quality cannabis resin products, which are all-natural and free of additive and carcinogenic solvents.

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