Elixinol Wellness (Elixinol Wellness) Total Assets : $7.84 Mil (As of Dec. 2023)

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What is Elixinol Wellness Total Assets?

Elixinol Wellness's Total Assets for the quarter that ended in Dec. 2023 was $7.84 Mil.

During the past 12 months, Elixinol Wellness's average Total Assets Growth Rate was 3.60% per year. During the past 3 years, the average Total Assets Growth Rate was -9.10% per year. During the past 5 years, the average Total Assets Growth Rate was -41.00% per year.

During the past 6 years, Elixinol Wellness's highest 3-Year average Total Assets Growth Rate was -9.10%. The lowest was -52.80%. And the median was -51.40%.

Total Assets is connected with ROA %. Elixinol Wellness's annualized ROA % for the quarter that ended in Dec. 2023 was -69.13%. Total Assets is also linked to Revenue through Asset Turnover. Elixinol Wellness's Asset Turnover for the quarter that ended in Dec. 2023 was 0.40.

Elixinol Wellness Total Assets Historical Data

The historical data trend for Elixinol Wellness'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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Elixinol Wellness Total Assets Chart

Elixinol Wellness Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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83.38

31.98

18.12

9.10

7.84

Elixinol Wellness Semi-Annual Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial							18.12	12.14	9.10	8.09	7.84

Elixinol Wellness 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.

Elixinol Wellness'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 )
	=	4.325	+	3.513
	=	7.84

Elixinol Wellness's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	4.325	+	3.513
	=	7.84

Elixinol Wellness (OTCPK:ELLXF) Total Assets Explanation

Total Assets is connected with ROA %.

Elixinol Wellness's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	-5.504	/	( (8.085	+	7.839)	/ 2 )
	=	-5.504	/	7.962
	=	-69.13 %

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

Elixinol Wellness's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	3.222	/	( (8.085	+	7.839)	/ 2 )
=	3.222	/	7.962
=	0.40

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.

Elixinol Wellness Total Assets Related Terms

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Elixinol Wellness (Elixinol Wellness) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Elixinol Wellness Ltd (OTCPK:ELLXF) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

EXL:Australia

Address

680 George Street, Level 12, Sydney, NSW, AUS, 2000

Website

https://www.elixinolwellness.com

Elixinol Wellness Ltd is engaged in the hemp industry, innovating, marketing, and selling hemp-derived nutraceutical, cosmetic, and food products. It operates in the geographical segments of the Americas, Australia, Europe and other regions of which key revenue is derived from the Americas segment. The Americas segment includes the trading results of Elixinol LLC (Elixinol Americas) and its investments and joint ventures in the US through the manufacture and distribution of hemp-derived cannabidiol products.