Argo Living Soils (XCNQ:ARGO) Total Assets : C$0.14 Mil (As of Nov. 2023)

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What is Argo Living Soils Total Assets?

Argo Living Soils's Total Assets for the quarter that ended in Nov. 2023 was C$0.14 Mil.

During the past 12 months, Argo Living Soils's average Total Assets Growth Rate was -61.00% per year. During the past 3 years, the average Total Assets Growth Rate was 2.70% per year.

During the past 4 years, Argo Living Soils's highest 3-Year average Total Assets Growth Rate was 2.70%. The lowest was 2.70%. And the median was 2.70%.

Total Assets is connected with ROA %. Argo Living Soils's annualized ROA % for the quarter that ended in Nov. 2023 was -836.95%. Total Assets is also linked to Revenue through Asset Turnover. Argo Living Soils's Asset Turnover for the quarter that ended in Nov. 2023 was 0.00.

Argo Living Soils Total Assets Historical Data

The historical data trend for Argo Living Soils'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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Argo Living Soils Total Assets Chart

Argo Living Soils Annual Data

Trend

Nov20

Nov21

Nov22

Nov23

Total Assets

0.23

0.44

0.18

0.14

Argo Living Soils Quarterly Data
	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Total Assets	Get a 7-Day Free Trial										0.18	0.14	0.34	0.30	0.14

Argo Living Soils 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.

Argo Living Soils's Total Assets for the fiscal year that ended in Nov. 2023 is calculated as

Total Assets	=	Total Equity (A: Nov. 2023 )	+	Total Liabilities (A: Nov. 2023 )
	=	0.108	+	0.03
	=	0.14

Argo Living Soils's Total Assets for the quarter that ended in Nov. 2023 is calculated as

Total Assets	=	Total Equity (Q: Nov. 2023 )	+	Total Liabilities (Q: Nov. 2023 )
	=	0.108	+	0.03
	=	0.14

Argo Living Soils (XCNQ:ARGO) Total Assets Explanation

Total Assets is connected with ROA %.

Argo Living Soils's annualized ROA % for the quarter that ended in Nov. 2023 is

ROA %	=	Net Income (Q: Nov. 2023 )	/	( (Total Assets (Q: Aug. 2023 )	+	Total Assets (Q: Nov. 2023 ))	/ count )
	=	-1.812	/	( (0.295	+	0.138)	/ 2 )
	=	-1.812	/	0.2165
	=	-836.95 %

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

Argo Living Soils's Asset Turnover for the quarter that ended in Nov. 2023 is

	Asset Turnover
=	Revenue (Q: Nov. 2023 )	/	( (Total Assets (Q: Aug. 2023 )	+	Total Assets (Q: Nov. 2023 ))	/ count )
=	0	/	( (0.295	+	0.138)	/ 2 )
=	0	/	0.2165
=	0.00

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.

Argo Living Soils Total Assets Related Terms

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Argo Living Soils (XCNQ:ARGO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Argo Living Soils Corp (XCNQ:ARGO) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

ARLSF:USA

Address

1130 Pender Street West, Suite 820, Vancouver, BC, CAN, V6E 4A4

Website

https://argolivingsoils.com

Argo Living Soils Corp is an agribusiness company specializing in producing and developing organic products including soil amendments, living soils, bio-fertilizers, vermicompost, and compost tea kits formulated specifically for high-value crops.

Executives

Robert Carlo Intile

Director