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Cronos Group's Total Assets for the quarter that ended in Sep. 2024 was $1,184.1 Mil.
During the past 12 months, Cronos Group's average Total Assets Growth Rate was 3.80% per year. During the past 3 years, the average Total Assets Growth Rate was -22.90% per year. During the past 5 years, the average Total Assets Growth Rate was 2.10% per year.
During the past 10 years, Cronos Group's highest 3-Year average Total Assets Growth Rate was 169.90%. The lowest was -22.90%. And the median was 106.00%.
Total Assets is connected with ROA %. Cronos Group's annualized ROA % for the quarter that ended in Sep. 2024 was 2.94%. Total Assets is also linked to Revenue through Asset Turnover. Cronos Group's Asset Turnover for the quarter that ended in Sep. 2024 was 0.03.
The historical data trend for Cronos Group'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.
Cronos Group Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Total Assets | Get a 7-Day Free Trial | 2,090.44 | 1,925.68 | 1,397.74 | 1,213.01 | 1,140.09 |
Cronos Group Quarterly Data | ||||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
Total Assets | Get a 7-Day Free Trial | 1,150.11 | 1,140.09 | 1,108.54 | 1,091.05 | 1,184.13 |
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.
Cronos Group's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as
Total Assets | = | Total Equity (A: Dec. 2023 ) | + | Total Liabilities (A: Dec. 2023 ) |
= | 1096.124 | + | 43.961 | |
= | 1,140.1 |
Cronos Group's Total Assets for the quarter that ended in Sep. 2024 is calculated as
Total Assets | = | Total Equity (Q: Sep. 2024 ) | + | Total Liabilities (Q: Sep. 2024 ) |
= | 1131.311 | + | 52.822 | |
= | 1,184.1 |
* 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.
Cronos Group (NAS:CRON) Total Assets Explanation
Total Assets is connected with ROA %.
Cronos Group's annualized ROA % for the quarter that ended in Sep. 2024 is
ROA % | = | Net Income (Q: Sep. 2024 ) | / | ( (Total Assets (Q: Jun. 2024 ) | + | Total Assets (Q: Sep. 2024 )) | / count ) |
= | 33.396 | / | ( (1091.048 | + | 1184.133) | / 2 ) | |
= | 33.396 | / | 1137.5905 | ||||
= | 2.94 % |
Note: The Net Income data used here is four times the quarterly (Sep. 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.
Cronos Group's Asset Turnover for the quarter that ended in Sep. 2024 is
Asset Turnover | ||||||
= | Revenue (Q: Sep. 2024 ) | / | ( (Total Assets (Q: Jun. 2024 ) | + | Total Assets (Q: Sep. 2024 )) | / count ) |
= | 34.264 | / | ( (1091.048 | + | 1184.133) | / 2 ) |
= | 34.264 | / | 1137.5905 | |||
= | 0.03 |
* 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.
Thank you for viewing the detailed overview of Cronos Group's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Kamran Khan | director | 111 PETER STREET, SUITE 300, TORONTO A6 M5V 2H1 |
Elizabeth Seegar | director | 111 PETER STREET, SUITE 300, TORONTO A6 M5V 2H1 |
Dominik Meier | director | 111 PETER STREET, SUITE 300, TORONTO A6 M5V 2H1 |
Jason Marc Adler | director | 111 PETER STREET, SUITE 300, TORONTO A6 M5V 2G9 |
Mcginness James Andrew Iii | officer: VP, Controller | C/O MARKETWISE, 1125 N. CHARLES STREET, BALTIMORE MD 21201 |
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James Holm | officer: Chief Financial Officer | 111 PETER STREET, SUITE 300, TORONTO A6 M5V 2H1 |
Arye Weigensberg | officer: See Remarks | 111 PETER STREET, SUITE 300, TORONTO A6 MV5 2H1 |
Doucet Terrence Gregory Joseph | officer: See Remarks | 111 PETER STREET, SUITE 300, TORONTO A6 M5V 2H1 |
John Griese | officer: See Remarks | 111 PETER STREET, SUITE 300, TORONTO A6 M5V 2H1 |
Ran Gorelik | officer: General Manager (Israel) | 111 PETER STREET, SUITE 300, TORONTO A6 M5V 2H1 |
Robert L Madore | officer: Chief Financial Officer | C/O RALPH LAUREN CORPORATION, 650 MADISON AVENUE, NEW YORK NY 10022 |
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