CO2 Gro (CO2 Gro) Total Assets : $0.53 Mil (As of Sep. 2023)

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What is CO2 Gro Total Assets?

CO2 Gro's Total Assets for the quarter that ended in Sep. 2023 was $0.53 Mil.

During the past 12 months, CO2 Gro's average Total Assets Growth Rate was 27.30% per year. During the past 3 years, the average Total Assets Growth Rate was 6.70% per year. During the past 5 years, the average Total Assets Growth Rate was 42.70% per year. During the past 10 years, the average Total Assets Growth Rate was 5.50% per year.

During the past 12 years, CO2 Gro's highest 3-Year average Total Assets Growth Rate was 116.40%. The lowest was -57.50%. And the median was 16.00%.

Total Assets is connected with ROA %. CO2 Gro's annualized ROA % for the quarter that ended in Sep. 2023 was -54.76%. Total Assets is also linked to Revenue through Asset Turnover. CO2 Gro's Asset Turnover for the quarter that ended in Sep. 2023 was 0.29.

CO2 Gro Total Assets Historical Data

The historical data trend for CO2 Gro'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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CO2 Gro Total Assets Chart

CO2 Gro Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Total Assets

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1.14

0.54

1.04

0.69

1.05

CO2 Gro Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23
Total Assets	Get a 7-Day Free Trial															1.50	1.34	1.05	0.89	0.53

CO2 Gro 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.

CO2 Gro'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 )
	=	0.678	+	0.37
	=	1.05

CO2 Gro'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 )
	=	0.175	+	0.35
	=	0.53

CO2 Gro (OTCPK:BLONF) Total Assets Explanation

Total Assets is connected with ROA %.

CO2 Gro's annualized ROA % for the quarter that ended in Sep. 2023 is

ROA %	=	Net Income (Q: Sep. 2023 )	/	( (Total Assets (Q: Mar. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
	=	-0.388	/	( (0.892	+	0.525)	/ 2 )
	=	-0.388	/	0.7085
	=	-54.76 %

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.

CO2 Gro's Asset Turnover for the quarter that ended in Sep. 2023 is

	Asset Turnover
=	Revenue (Q: Sep. 2023 )	/	( (Total Assets (Q: Mar. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
=	0.209	/	( (0.892	+	0.525)	/ 2 )
=	0.209	/	0.7085
=	0.29

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.

CO2 Gro Total Assets Related Terms

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CO2 Gro (CO2 Gro) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » CO2 Gro Inc (OTCPK:BLONF) » Definitions » Total Assets

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GROW:Canada

Address

40 King Street West, Suite 5800, Toronto, ON, CAN, M5H 3S1

Website

https://www.co2gro.ca

CO2 GRO Inc is engaged in commercializing its patent-licensed CO2 gas infusion technology and its patent-pending US PTO CO2 Delivery Solutions system, both of which form the company's saturated CO2 solutions plant platform. Saturated CO2 solution when misted onto plants provides growers that cannot gas with CO2 the opportunity to increase plant yields. The company's sole focus is working with its plant growers and agri-industrial partners in proving and adopting its CO2 technologies for specific growers' plant yield needs.