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Indigenous Bloom Hemp (Indigenous Bloom Hemp) Total Assets : $0.42 Mil (As of Feb. 2023)


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What is Indigenous Bloom Hemp Total Assets?

Indigenous Bloom Hemp's Total Assets for the quarter that ended in Feb. 2023 was $0.42 Mil.

Total Assets is connected with ROA %. Indigenous Bloom Hemp's annualized ROA % for the quarter that ended in Feb. 2023 was -33.74%. Total Assets is also linked to Revenue through Asset Turnover. Indigenous Bloom Hemp's Asset Turnover for the quarter that ended in Feb. 2023 was 0.00.


Indigenous Bloom Hemp Total Assets Historical Data

The historical data trend for Indigenous Bloom Hemp'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.

* Premium members only.

Indigenous Bloom Hemp Total Assets Chart

Indigenous Bloom Hemp Annual Data
Trend Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 May22
Total Assets
Get a 7-Day Free Trial Premium Member Only 3.67 0.57 0.01 - 0.59

Indigenous Bloom Hemp Quarterly Data
Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Nov21 Feb22 May22 Aug22 Feb23
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.03 1.83 0.59 0.48 0.42

Indigenous Bloom Hemp 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.

Indigenous Bloom Hemp's Total Assets for the fiscal year that ended in May. 2022 is calculated as

Total Assets=Total Equity (A: May. 2022 )+Total Liabilities (A: May. 2022 )
=-1.905+2.496
=0.59

Indigenous Bloom Hemp's Total Assets for the quarter that ended in Feb. 2023 is calculated as

Total Assets=Total Equity (Q: Feb. 2023 )+Total Liabilities (Q: Feb. 2023 )
=-2.053+2.47
=0.42

* 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.


Indigenous Bloom Hemp  (OTCPK:VRTHF) Total Assets Explanation

Total Assets is connected with ROA %.

Indigenous Bloom Hemp's annualized ROA % for the quarter that ended in Feb. 2023 is

ROA %=Net Income (Q: Feb. 2023 )/( (Total Assets (Q: Aug. 2022 )+Total Assets (Q: Feb. 2023 ))/ count )
=-0.152/( (0.484+0.417)/ 2 )
=-0.152/0.4505
=-33.74 %

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

Indigenous Bloom Hemp's Asset Turnover for the quarter that ended in Feb. 2023 is

Asset Turnover
=Revenue (Q: Feb. 2023 )/( (Total Assets (Q: Aug. 2022 )+Total Assets (Q: Feb. 2023 ))/ count )
=0/( (0.484+0.417)/ 2 )
=0/0.4505
=0.00

* 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.

Indigenous Bloom Hemp Total Assets Related Terms

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Indigenous Bloom Hemp (Indigenous Bloom Hemp) Business Description

Traded in Other Exchanges
N/A
Address
3200-650 West Georgia Street, Vancouver, BC, CAN, V6B 4P7
Indigenous Bloom Hemp Corp is in business to produce and sell hemp extracts. It is engaged in the farming and cultivation of hemp biomass for third-party processing to extract cannabidiol (CBD) oils, distillate or isolate. The resulting solution can then be used for the production of many CBD products.