Clearmind Medicine (Clearmind Medicine) Total Assets : $8.85 Mil (As of Apr. 2024)

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What is Clearmind Medicine Total Assets?

Clearmind Medicine's Total Assets for the quarter that ended in Apr. 2024 was $8.85 Mil.

During the past 12 months, Clearmind Medicine's average Total Assets Growth Rate was 20.00% per year. During the past 3 years, the average Total Assets Growth Rate was 32.40% per year. During the past 5 years, the average Total Assets Growth Rate was 28.00% per year.

During the past 7 years, Clearmind Medicine's highest 3-Year average Total Assets Growth Rate was 86.90%. The lowest was 32.40%. And the median was 45.50%.

Total Assets is connected with ROA %. Clearmind Medicine's annualized ROA % for the quarter that ended in Apr. 2024 was -38.34%. Total Assets is also linked to Revenue through Asset Turnover. Clearmind Medicine's Asset Turnover for the quarter that ended in Apr. 2024 was 0.00.

Clearmind Medicine Total Assets Historical Data

The historical data trend for Clearmind Medicine'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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Clearmind Medicine Total Assets Chart

Clearmind Medicine Annual Data

Trend

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Total Assets

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0.14

0.39

4.16

0.61

4.31

Clearmind Medicine Quarterly Data
	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24
Total Assets	Get a 7-Day Free Trial															4.39	3.39	4.31	10.10	8.85

Clearmind Medicine 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.

Clearmind Medicine's Total Assets for the fiscal year that ended in Oct. 2023 is calculated as

Total Assets	=	Total Equity (A: Oct. 2023 )	+	Total Liabilities (A: Oct. 2023 )
	=	0.711	+	3.594
	=	4.31

Clearmind Medicine's Total Assets for the quarter that ended in Apr. 2024 is calculated as

Total Assets	=	Total Equity (Q: Apr. 2024 )	+	Total Liabilities (Q: Apr. 2024 )
	=	4.646	+	4.2
	=	8.85

Clearmind Medicine (NAS:CMND) Total Assets Explanation

Total Assets is connected with ROA %.

Clearmind Medicine's annualized ROA % for the quarter that ended in Apr. 2024 is

ROA %	=	Net Income (Q: Apr. 2024 )	/	( (Total Assets (Q: Jan. 2024 )	+	Total Assets (Q: Apr. 2024 ))	/ count )
	=	-3.632	/	( (10.098	+	8.846)	/ 2 )
	=	-3.632	/	9.472
	=	-38.34 %

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

Clearmind Medicine's Asset Turnover for the quarter that ended in Apr. 2024 is

	Asset Turnover
=	Revenue (Q: Apr. 2024 )	/	( (Total Assets (Q: Jan. 2024 )	+	Total Assets (Q: Apr. 2024 ))	/ count )
=	0	/	( (10.098	+	8.846)	/ 2 )
=	0	/	9.472
=	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.

Clearmind Medicine Total Assets Related Terms

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Clearmind Medicine (Clearmind Medicine) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Clearmind Medicine Inc (NAS:CMND) » Definitions » Total Assets

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CWY0:Germany CWY0:Germany CMND:Canada

Address

101-1220 West 6th Avenue, Vancouver, BC, CAN, V6H 1A5

Website

https://www.clearmindmedicine.com

Clearmind Medicine Inc is a psychedelic pharmaceutical biotech company focused on the discovery and development of novel psychedelic-derived therapeutics to solve widespread and underserved health problems, including alcohol use disorder. Its primary objective is to research and develop psychedelic-based compounds and attempt to commercialize them as regulated medicines, foods, or supplements. The company's intellectual portfolio currently consists of four patent families. The company intends to seek additional patents for its compounds whenever warranted and will remain opportunistic regarding the acquisition of additional intellectual property to build its portfolio.