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Biome Grow (Biome Grow) Total Assets : $0.10 Mil (As of Sep. 2023)


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What is Biome Grow Total Assets?

Biome Grow's Total Assets for the quarter that ended in Sep. 2023 was $0.10 Mil.

During the past 12 months, Biome Grow's average Total Assets Growth Rate was -88.60% per year. During the past 3 years, the average Total Assets Growth Rate was -77.90% per year. During the past 5 years, the average Total Assets Growth Rate was 14.80% per year.

During the past 10 years, Biome Grow's highest 3-Year average Total Assets Growth Rate was 1049.20%. The lowest was -77.90%. And the median was 86.00%.

Total Assets is connected with ROA %. Biome Grow's annualized ROA % for the quarter that ended in Sep. 2023 was -316.48%. Total Assets is also linked to Revenue through Asset Turnover. Biome Grow's Asset Turnover for the quarter that ended in Sep. 2023 was 0.00.


Biome Grow Total Assets Historical Data

The historical data trend for Biome Grow'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.

Biome Grow Total Assets Chart

Biome Grow Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Total Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.66 10.41 9.82 8.65 0.34

Biome Grow Quarterly Data
Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Sep23
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 1.92 1.30 0.34 0.27 0.10

Biome Grow 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.

Biome Grow's Total Assets for the fiscal year that ended in Dec. 2022 is calculated as

Total Assets=Total Equity (A: Dec. 2022 )+Total Liabilities (A: Dec. 2022 )
=-3.254+3.595
=0.34

Biome Grow's Total Assets for the quarter that ended in Sep. 2023 is calculated as

Total Assets=Total Equity (Q: Sep. 2023 )+Total Liabilities (Q: Sep. 2023 )
=-3.561+3.658
=0.10

* 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.


Biome Grow  (OTCPK:BIOIF) Total Assets Explanation

Total Assets is connected with ROA %.

Biome Grow's annualized ROA % for the quarter that ended in Sep. 2023 is

ROA %=Net Income (Q: Sep. 2023 )/( (Total Assets (Q: Mar. 2023 )+Total Assets (Q: Sep. 2023 ))/ count )
=-0.576/( (0.268+0.096)/ 2 )
=-0.576/0.182
=-316.48 %

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.

Biome Grow's Asset Turnover for the quarter that ended in Sep. 2023 is

Asset Turnover
=Revenue (Q: Sep. 2023 )/( (Total Assets (Q: Mar. 2023 )+Total Assets (Q: Sep. 2023 ))/ count )
=0/( (0.268+0.096)/ 2 )
=0/0.182
=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.

Biome Grow Total Assets Related Terms

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Biome Grow (Biome Grow) Business Description

Traded in Other Exchanges
Address
480 University Avenue, Suite 1401, Toronto, ON, CAN, M5G 1V2
Biome Grow Inc is a Canada-based company engaged in medical and recreational cannabis businesses. Along with its subsidiaries, the firm is engaged in the cultivation of marijuana plants, dried marijuana and marijuana seeds. The company through its Weed VR platform connects customers with growers and distributors as well as retail partners.