Greenlane Holdings's Total Assets for the quarter that ended in Sep. 2023 was $48.45 Mil.
During the past 12 months, Greenlane Holdings's average Total Assets Growth Rate was -70.80% per year.
During the past 3 years, the average Total Assets Growth Rate was -7.60% per year.
During the past 5 years, the average Total Assets Growth Rate was 31.00% per year.
During the past 6 years, Greenlane Holdings's highest 3-Year average Total Assets Growth Rate was 56.90%. The lowest was -7.60%. And the median was 49.70%.
Total Assets is connected with ROA %. Greenlane Holdings's annualizedROA % for the quarter that ended in Sep. 2023 was -49.68%. Total Assets is also linked to Revenue through Asset Turnover. Greenlane Holdings's Asset Turnover for the quarter that ended in Sep. 2023 was 0.14.
Greenlane Holdings Total Assets Historical Data
The historical data trend for Greenlane Holdings'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.
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.
Greenlane Holdings's Total Assets for the fiscal year that ended in Dec. 2022 is calculated as
* 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.
Greenlane Holdings (NAS:GNLN) Total Assets Explanation
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.
Greenlane Holdings's Asset Turnover for the quarter that ended in Sep. 2023 is
* 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.
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.
Greenlane Holdings Total Assets Related Terms
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Greenlane Holdings (Greenlane Holdings) Business Description
Greenlane Holdings Inc is a distributor of vaporization products and consumption accessories in the United States. It offers a selection of stock-keeping units including vaporizers and parts, cleaning products, grinders and storage containers, pipes, rolling papers and customized lines of premium specialty packaging. The company markets and sells its products in both the business to business and business to consumer sectors of the marketplace. Its geographical segment includes the United States; Canada and Europe. It derives a majority of revenue from the United States.
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