Entourage Health (Entourage Health) Total Assets : $23.40 Mil (As of Dec. 2023)

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What is Entourage Health Total Assets?

Entourage Health's Total Assets for the quarter that ended in Dec. 2023 was $23.40 Mil.

During the past 12 months, Entourage Health's average Total Assets Growth Rate was -45.90% per year. During the past 3 years, the average Total Assets Growth Rate was -48.60% per year. During the past 5 years, the average Total Assets Growth Rate was -27.20% per year.

During the past 10 years, Entourage Health's highest 3-Year average Total Assets Growth Rate was 578.50%. The lowest was -48.60%. And the median was 115.30%.

Total Assets is connected with ROA %. Entourage Health's annualized ROA % for the quarter that ended in Dec. 2023 was -196.69%. Total Assets is also linked to Revenue through Asset Turnover. Entourage Health's Asset Turnover for the quarter that ended in Dec. 2023 was 0.28.

Entourage Health Total Assets Historical Data

The historical data trend for Entourage Health'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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Entourage Health Total Assets Chart

Entourage Health Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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159.31

133.76

112.68

34.21

23.40

Entourage Health Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial															34.21	39.87	28.08	28.68	23.40

Entourage Health 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.

Entourage Health'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 )
	=	-109.791	+	133.189
	=	23.40

Entourage Health'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 )
	=	-109.791	+	133.189
	=	23.40

Entourage Health (OTCPK:ETRGF) Total Assets Explanation

Total Assets is connected with ROA %.

Entourage Health's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	-51.212	/	( (28.675	+	23.4)	/ 2 )
	=	-51.212	/	26.0375
	=	-196.69 %

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

Entourage Health's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	7.42	/	( (28.675	+	23.4)	/ 2 )
=	7.42	/	26.0375
=	0.28

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.

Entourage Health Total Assets Related Terms

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Entourage Health (Entourage Health) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Entourage Health Corp (OTCPK:ETRGF) » Definitions » Total Assets

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4WE0:Germany ENTG:Canada

Address

250 Elm Street, Aylmer, ON, CAN, N5H 2M8

Website

https://www.weedmd.com

Entourage Health Corp is a licence holder producing and distributing cannabis products for both the medical and adult-use markets. It owns and operates greenhouse, outdoor, and processing facility located in Strathroy as well as a fully licensed Aylmer processing facility, specializing in cannabis extraction. With the addition of Starseed Medicinal, a medical-centric brand, it has expanded its multi-channeled distribution. The company operates in one segment, the production and sale of cannabis in Canada.