CLS Holdings USA (XCNQ:CLSH) Total Assets : C$12.33 Mil (As of Feb. 2024)

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What is CLS Holdings USA Total Assets?

CLS Holdings USA's Total Assets for the quarter that ended in Feb. 2024 was C$12.33 Mil.

During the past 12 months, CLS Holdings USA's average Total Assets Growth Rate was -37.50% per year. During the past 3 years, the average Total Assets Growth Rate was -9.70% per year. During the past 5 years, the average Total Assets Growth Rate was 12.80% per year.

During the past 11 years, CLS Holdings USA's highest 3-Year average Total Assets Growth Rate was 511.40%. The lowest was -28.30%. And the median was 129.70%.

Total Assets is connected with ROA %. CLS Holdings USA's annualized ROA % for the quarter that ended in Feb. 2024 was -174.87%. Total Assets is also linked to Revenue through Asset Turnover. CLS Holdings USA's Asset Turnover for the quarter that ended in Feb. 2024 was 0.49.

CLS Holdings USA Total Assets Historical Data

The historical data trend for CLS Holdings USA'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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CLS Holdings USA Total Assets Chart

CLS Holdings USA Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Total Assets

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62.59

21.33

14.06

20.35

13.61

CLS Holdings USA Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Total Assets	Get a 7-Day Free Trial															19.35	13.61	13.84	14.66	12.33

CLS Holdings USA 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.

CLS Holdings USA's Total Assets for the fiscal year that ended in May. 2023 is calculated as

Total Assets	=	Total Equity (A: May. 2023 )	+	Total Liabilities (A: May. 2023 )
	=	-18.655	+	32.266
	=	13.61

CLS Holdings USA's Total Assets for the quarter that ended in Feb. 2024 is calculated as

Total Assets	=	Total Equity (Q: Feb. 2024 )	+	Total Liabilities (Q: Feb. 2024 )
	=	-15.545	+	27.871
	=	12.33

CLS Holdings USA (XCNQ:CLSH) Total Assets Explanation

Total Assets is connected with ROA %.

CLS Holdings USA's annualized ROA % for the quarter that ended in Feb. 2024 is

ROA %	=	Net Income (Q: Feb. 2024 )	/	( (Total Assets (Q: Nov. 2023 )	+	Total Assets (Q: Feb. 2024 ))	/ count )
	=	-23.592	/	( (14.656	+	12.326)	/ 2 )
	=	-23.592	/	13.491
	=	-174.87 %

Note: The Net Income data used here is four times the quarterly (Feb. 2024) 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.

CLS Holdings USA's Asset Turnover for the quarter that ended in Feb. 2024 is

	Asset Turnover
=	Revenue (Q: Feb. 2024 )	/	( (Total Assets (Q: Nov. 2023 )	+	Total Assets (Q: Feb. 2024 ))	/ count )
=	6.65	/	( (14.656	+	12.326)	/ 2 )
=	6.65	/	13.491
=	0.49

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.

CLS Holdings USA Total Assets Related Terms

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CLS Holdings USA (XCNQ:CLSH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » CLS Holdings USA Inc (XCNQ:CLSH) » Definitions » Total Assets

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CLSH:USA

Address

1800 Industrial Road, Suite 100, Las Vegas, NV, USA, 89102

Website

https://www.clsholdingsinc.com

CLS Holdings USA Inc is a diversified cannabis company that acts as an integrated cannabis producer and retailer through its Oasis Cannabis subsidiaries in Nevada and plans to expand to other states. CLS stands for Cannabis Life Sciences in recognition of the company's patented proprietary method of extracting various cannabinoids from the marijuana plant and converting them into products with a higher level of quality and consistency. The company's business model includes licensing operations, processing operations, processing facilities, sale of products, brand creation and consulting services. The company generates the majority of its revenues and corresponding accounts receivable from the sale of cannabis, and cannabis related products.