Lifeist Wellness (Lifeist Wellness) Total Assets : $9.80 Mil (As of Feb. 2024)

View and export this data going back to 2011. Start your Free Trial

What is Lifeist Wellness Total Assets?

Lifeist Wellness's Total Assets for the quarter that ended in Feb. 2024 was $9.80 Mil.

During the past 12 months, Lifeist Wellness's average Total Assets Growth Rate was -31.40% per year. During the past 3 years, the average Total Assets Growth Rate was -25.60% per year. During the past 5 years, the average Total Assets Growth Rate was -19.20% per year. During the past 10 years, the average Total Assets Growth Rate was 59.50% per year.

During the past 13 years, Lifeist Wellness's highest 3-Year average Total Assets Growth Rate was 827.20%. The lowest was -60.90%. And the median was 25.60%.

Total Assets is connected with ROA %. Lifeist Wellness's annualized ROA % for the quarter that ended in Feb. 2024 was -74.23%. Total Assets is also linked to Revenue through Asset Turnover. Lifeist Wellness's Asset Turnover for the quarter that ended in Feb. 2024 was 0.37.

Lifeist Wellness Total Assets Historical Data

The historical data trend for Lifeist 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.

* Premium members only.

Lifeist Wellness Total Assets Chart

Lifeist Wellness Annual Data

Trend

Mar14

Mar15

Aug16

Aug17

Aug18

Nov19

Nov20

Nov21

Nov22

Nov23

Total Assets

Get a 7-Day Free Trial

51.16

30.01

30.20

15.36

9.78

Lifeist Wellness Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	Aug23	Nov23	Feb24
Total Assets	Get a 7-Day Free Trial															15.36	13.01	12.65	9.78	9.80

Lifeist 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.

Lifeist Wellness's Total Assets for the fiscal year that ended in Nov. 2023 is calculated as

Total Assets	=	Total Equity (A: Nov. 2023 )	+	Total Liabilities (A: Nov. 2023 )
	=	2.523	+	7.252
	=	9.78

Lifeist Wellness's Total Assets for the quarter that ended in Feb. 2024 is calculated as

Total Assets	=	Total Equity (Q: Feb. 2024 )	+	Total Liabilities (Q: Feb. 2024 )
	=	0.803	+	8.994
	=	9.80

Lifeist Wellness (OTCPK:LFSWD) Total Assets Explanation

Total Assets is connected with ROA %.

Lifeist Wellness's annualized ROA % for the quarter that ended in Feb. 2024 is

ROA %	=	Net Income (Q: Feb. 2024 )	/	( (Total Assets (Q: Nov. 2023 )	+	Total Assets (Q: Feb. 2024 ))	/ count )
	=	-7.264	/	( (9.775	+	9.797)	/ 2 )
	=	-7.264	/	9.786
	=	-74.23 %

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

Lifeist Wellness's Asset Turnover for the quarter that ended in Feb. 2024 is

	Asset Turnover
=	Revenue (Q: Feb. 2024 )	/	( (Total Assets (Q: Nov. 2023 )	+	Total Assets (Q: Feb. 2024 ))	/ count )
=	3.646	/	( (9.775	+	9.797)	/ 2 )
=	3.646	/	9.786
=	0.37

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.

Lifeist Wellness Total Assets Related Terms

Thank you for viewing the detailed overview of Lifeist Wellness's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

Lifeist Wellness (Lifeist Wellness) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Lifeist Wellness Inc (OTCPK:LFSWD) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

M5B:Germany LFST:Canada

Address

18 Canso Road, Etobicoke, Toronto, ON, CAN, M9W 4L8

Website

https://www.lifeist.com

Lifeist Wellness Inc is a portfolio wellness company leveraging advancements in science and technology. Its portfolio of brands includes: CannMart Inc, a distributor of licensed and in-house branded adult-use cannabis and cannabis derived products in Canada; CannMart Marketplace Inc operates CannMart.com, an online marketplace for hemp-derived CBD and accessories in the U.S.; CannMart Labs Inc, licensed facility for BHO (butane hash oil) extraction within Canada; Findify, an artificial intelligence-powered technology platform, delivering solutions such as personalized search, recommendations, and advanced data analytics; Australian Vapes online supplier of hardware, including vaporizers, and related accessories and Mikra, a biosciences and consumer wellness company.