High Tide (FRA:2LYA) Total Assets : €155.5 Mil (As of Jan. 2024)

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What is High Tide Total Assets?

High Tide's Total Assets for the quarter that ended in Jan. 2024 was €155.5 Mil.

Warning Sign:

If a company builds assets at 72.1% a year, faster than its revenue growth rate of 48.4% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, High Tide's average Total Assets Growth Rate was -20.40% per year. During the past 3 years, the average Total Assets Growth Rate was 48.30% per year. During the past 5 years, the average Total Assets Growth Rate was 72.10% per year.

During the past 7 years, High Tide's highest 3-Year average Total Assets Growth Rate was 135.40%. The lowest was 48.30%. And the median was 86.15%.

Total Assets is connected with ROA %. High Tide's annualized ROA % for the quarter that ended in Jan. 2024 was -0.59%. Total Assets is also linked to Revenue through Asset Turnover. High Tide's Asset Turnover for the quarter that ended in Jan. 2024 was 0.55.

High Tide Total Assets Historical Data

The historical data trend for High Tide'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.

* Premium members only.

High Tide Total Assets Chart

High Tide Annual Data

Trend

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Total Assets

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27.93

44.89

170.69

203.71

161.20

High Tide Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Oct23	Jan24
Total Assets	Get a 7-Day Free Trial															203.71	189.33	181.33	161.20	155.46

High Tide 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.

High Tide'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 )
	=	92.315	+	68.881
	=	161.2

High Tide's Total Assets for the quarter that ended in Jan. 2024 is calculated as

Total Assets	=	Total Equity (Q: Jan. 2024 )	+	Total Liabilities (Q: Jan. 2024 )
	=	95.811	+	59.645
	=	155.5

High Tide (FRA:2LYA) Total Assets Explanation

Total Assets is connected with ROA %.

High Tide's annualized ROA % for the quarter that ended in Jan. 2024 is

ROA %	=	Net Income (Q: Jan. 2024 )	/	( (Total Assets (Q: Oct. 2023 )	+	Total Assets (Q: Jan. 2024 ))	/ count )
	=	-0.932	/	( (161.195	+	155.456)	/ 2 )
	=	-0.932	/	158.3255
	=	-0.59 %

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

High Tide's Asset Turnover for the quarter that ended in Jan. 2024 is

	Asset Turnover
=	Revenue (Q: Jan. 2024 )	/	( (Total Assets (Q: Oct. 2023 )	+	Total Assets (Q: Jan. 2024 ))	/ count )
=	87.586	/	( (161.195	+	155.456)	/ 2 )
=	87.586	/	158.3255
=	0.55

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.

High Tide Total Assets Related Terms

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High Tide (FRA:2LYA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » High Tide Inc (FRA:2LYA) » Definitions » Total Assets

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HITI:USA HITI:Canada

Address

11127 - 15 Street NE, Unit 112, Calgary, AB, CAN, T3K 2M4

Website

https://www.hightideinc.com

High Tide Inc is a downstream-focused retailer of cannabis products, distributor, and seller of smoking accessories and cannabis lifestyle products. It is a vertically-integrated company in the Canadian cannabis market with portfolio subsidiaries including RGR Canada Inc., Famous Brandz Inc., Kush West Distribution Inc., Smoker's Corner Ltd., Grasscity.com, Canna Cabana Inc., and KushBar Inc. The firm has established two main segments, retail and wholesale. It generates substantial revenue from retail stores' e-commerce platforms. Geographically it serves Canada, the USA, and other international markets and earns key revenue from domestic sales.

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