Branded Legacy (Branded Legacy) Total Assets : $0.12 Mil (As of Dec. 2021)

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What is Branded Legacy Total Assets?

Branded Legacy's Total Assets for the quarter that ended in Dec. 2021 was $0.12 Mil.

Total Assets is connected with ROA %. Branded Legacy's annualized ROA % for the quarter that ended in Dec. 2021 was 417.39%. Total Assets is also linked to Revenue through Asset Turnover. Branded Legacy's Asset Turnover for the quarter that ended in Dec. 2021 was -0.43.

Branded Legacy Total Assets Historical Data

The historical data trend for Branded Legacy'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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Branded Legacy Total Assets Chart

Branded Legacy Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Total Assets

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0.02

0.05

0.21

0.15

0.12

Branded Legacy Quarterly Data
	Dec15	Dec16	Dec17	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21
Total Assets	Get a 7-Day Free Trial												0.15	0.17	0.16	0.16	0.12

Branded Legacy 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.

Branded Legacy's Total Assets for the fiscal year that ended in Dec. 2021 is calculated as

Total Assets	=	Total Equity (A: Dec. 2021 )	+	Total Liabilities (A: Dec. 2021 )
	=	-1.871	+	1.991
	=	0.12

Branded Legacy's Total Assets for the quarter that ended in Dec. 2021 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2021 )	+	Total Liabilities (Q: Dec. 2021 )
	=	-1.871	+	1.991
	=	0.12

Branded Legacy (OTCPK:BLEG) Total Assets Explanation

Total Assets is connected with ROA %.

Branded Legacy's annualized ROA % for the quarter that ended in Dec. 2021 is

ROA %	=	Net Income (Q: Dec. 2021 )	/	( (Total Assets (Q: Sep. 2021 )	+	Total Assets (Q: Dec. 2021 ))	/ count )
	=	0.576	/	( (0.156	+	0.12)	/ 2 )
	=	0.576	/	0.138
	=	417.39 %

Note: The Net Income data used here is four times the quarterly (Dec. 2021) 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.

Branded Legacy's Asset Turnover for the quarter that ended in Dec. 2021 is

	Asset Turnover
=	Revenue (Q: Dec. 2021 )	/	( (Total Assets (Q: Sep. 2021 )	+	Total Assets (Q: Dec. 2021 ))	/ count )
=	-0.06	/	( (0.156	+	0.12)	/ 2 )
=	-0.06	/	0.138
=	-0.43

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.

Branded Legacy Total Assets Related Terms

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Branded Legacy (Branded Legacy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Branded Legacy Inc (OTCPK:BLEG) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

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Address

227 West 4th Street, Unit 108, Charlotte, NC, USA, 28202

Website

https://www.brandedlegacy.com

Branded Legacy Inc is a company engaged in the development and marketing of products for the fitness and wellness markets. The company is focused on creating products for health-conscious consumers. Through its subsidiary, the company focuses on the development and marketing of hemp-based food, beverage, and healthcare products including hemp coffee, hemp water, and hemp-based skincare products. It sells product to consumers, wholesalers as well as distributors.