Cannabis Bioscience International Holdings (Cannabis Bioscience International Holdings) Total Assets : $0.10 Mil (As of Nov. 2023)

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What is Cannabis Bioscience International Holdings Total Assets?

Cannabis Bioscience International Holdings's Total Assets for the quarter that ended in Nov. 2023 was $0.10 Mil.

During the past 12 months, Cannabis Bioscience International Holdings's average Total Assets Growth Rate was -99.90% per year.

During the past 5 years, Cannabis Bioscience International Holdings's highest 3-Year average Total Assets Growth Rate was 1887.10%. The lowest was 1887.10%. And the median was 1887.10%.

Total Assets is connected with ROA %. Cannabis Bioscience International Holdings's annualized ROA % for the quarter that ended in Nov. 2023 was -600.00%. Total Assets is also linked to Revenue through Asset Turnover. Cannabis Bioscience International Holdings's Asset Turnover for the quarter that ended in Nov. 2023 was 1.34.

Cannabis Bioscience International Holdings Total Assets Historical Data

The historical data trend for Cannabis Bioscience International Holdings'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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Cannabis Bioscience International Holdings Total Assets Chart

Cannabis Bioscience International Holdings Annual Data

Trend

Dec06

Dec07

May09

May10

May11

Total Assets

0.03

0.04

34.84

71.71

93.04

Cannabis Bioscience International Holdings Semi-Annual Data
	Dec06	Jun07	Dec07	Jun08	May09	Nov09	May10	Nov10	May11	Nov11	Nov22	Nov23
Total Assets	Get a 7-Day Free Trial							87.79	93.04	110.85	-	0.10

Cannabis Bioscience International Holdings 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.

Cannabis Bioscience International Holdings's Total Assets for the fiscal year that ended in May. 2011 is calculated as

Total Assets	=	Total Equity (A: May. 2011 )	+	Total Liabilities (A: May. 2011 )
	=	65.069	+	27.974
	=	93.04

Cannabis Bioscience International Holdings'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 )
	=	-0.842	+	0.944
	=	0.10

Cannabis Bioscience International Holdings (OTCPK:CBIH) Total Assets Explanation

Total Assets is connected with ROA %.

Cannabis Bioscience International Holdings's annualized ROA % for the quarter that ended in Nov. 2023 is

ROA %	=	Net Income (Q: Nov. 2023 )	/	( (Total Assets (Q: Nov. 2022 )	+	Total Assets (Q: Nov. 2023 ))	/ count )
	=	-0.612	/	( (0	+	0.102)	/ 1 )
	=	-0.612	/	0.102
	=	-600.00 %

Note: The Net Income data used here is two times the semi-annual (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.

Cannabis Bioscience International Holdings's Asset Turnover for the quarter that ended in Nov. 2023 is

	Asset Turnover
=	Revenue (Q: Nov. 2023 )	/	( (Total Assets (Q: Nov. 2022 )	+	Total Assets (Q: Nov. 2023 ))	/ count )
=	0.137	/	( (0	+	0.102)	/ 1 )
=	0.137	/	0.102
=	1.34

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.

Cannabis Bioscience International Holdings Total Assets Related Terms

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Cannabis Bioscience International Holdings (Cannabis Bioscience International Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Cannabis Bioscience International Holdings Inc (OTCPK:CBIH) » Definitions » Total Assets

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Traded in Other Exchanges

N/A

Address

6201 Bonhomme Road, Suite 466S, Houston, TX, USA, 77036

Website

https://www.cbih.net

Cannabis Bioscience International Holdings Inc is engaged in providing educational systems relating to cannabis and services in therapeutic areas. of clinical trials and services relating to sleep disorders through its sleep center in Houston, Texas. The Company generates revenue from multiple streams, namely, clinical trials, consulting fees, video courses, seminars, royalties, and merchandise sales. The company generates the majority of its revenue from clinical trials.