Ceres Global Ag (TSX:CRP) Total Assets : C$424 Mil (As of Dec. 2023)

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What is Ceres Global Ag Total Assets?

Ceres Global Ag's Total Assets for the quarter that ended in Dec. 2023 was C$424 Mil.

During the past 12 months, Ceres Global Ag's average Total Assets Growth Rate was -5.30% per year. During the past 3 years, the average Total Assets Growth Rate was -0.20% per year. During the past 5 years, the average Total Assets Growth Rate was 9.00% per year. During the past 10 years, the average Total Assets Growth Rate was 4.00% per year.

During the past 13 years, Ceres Global Ag's highest 3-Year average Total Assets Growth Rate was 784.40%. The lowest was -7.20%. And the median was 8.50%.

Total Assets is connected with ROA %. Ceres Global Ag's annualized ROA % for the quarter that ended in Dec. 2023 was 3.06%. Total Assets is also linked to Revenue through Asset Turnover. Ceres Global Ag's Asset Turnover for the quarter that ended in Dec. 2023 was 0.81.

Ceres Global Ag Total Assets Historical Data

The historical data trend for Ceres Global Ag'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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Ceres Global Ag Total Assets Chart

Ceres Global Ag Annual Data

Trend

Mar14

Mar15

Mar16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Assets

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283.01

345.56

413.76

427.59

350.26

Ceres Global Ag Quarterly Data
	Mar19	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															451.12	374.52	350.26	513.79	423.83

Ceres Global Ag 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.

Ceres Global Ag's Total Assets for the fiscal year that ended in Jun. 2023 is calculated as

Total Assets	=	Total Equity (A: Jun. 2023 )	+	Total Liabilities (A: Jun. 2023 )
	=	189.535	+	160.723
	=	350

Ceres Global Ag'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 )
	=	202.08	+	221.752
	=	424

Ceres Global Ag (TSX:CRP) Total Assets Explanation

Total Assets is connected with ROA %.

Ceres Global Ag'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 )
	=	14.328	/	( (513.791	+	423.832)	/ 2 )
	=	14.328	/	468.8115
	=	3.06 %

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.

Ceres Global Ag'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 )
=	378.6	/	( (513.791	+	423.832)	/ 2 )
=	378.6	/	468.8115
=	0.81

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.

Ceres Global Ag Total Assets Related Terms

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Ceres Global Ag (TSX:CRP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Ceres Global Ag Corp (TSX:CRP) » Definitions » Total Assets

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CERGF:USA

Address

701 Xenia Avenue S., Suite 400, Golden Valley, MN, USA, 55416

Website

https://www.ceresglobalagcorp.com

Ceres Global Ag Corp is engaged in the agricultural, energy, and industrial supply chains through sourcing, storing, transporting, and marketing of commodity-based products and raw materials. It has three operating segments. The Grain segment, which is the key revenue driver, is engaged in grain procurement and merchandising of specialty grains and oilseeds such as oats, barley, rye, hard red spring wheat, durum wheat, canola, and pulses. The Supply Chain Services segment utilizes the corporation's facilities to provide logistics services, storage, and transloading for commodities and industrial products. The Seed and Processing segment is engaged in soybean crush, specialty crops blending, birdfeed production, and seed distribution in Western Canada.

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