MJ Holdings (MJ Holdings) Total Assets : $4.47 Mil (As of Sep. 2023)

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What is MJ Holdings Total Assets?

MJ Holdings's Total Assets for the quarter that ended in Sep. 2023 was $4.47 Mil.

During the past 12 months, MJ Holdings's average Total Assets Growth Rate was -31.50% per year. During the past 3 years, the average Total Assets Growth Rate was -22.10% per year. During the past 5 years, the average Total Assets Growth Rate was 35.60% per year.

During the past 13 years, MJ Holdings's highest 3-Year average Total Assets Growth Rate was 771.20%. The lowest was -51.60%. And the median was 91.25%.

Total Assets is connected with ROA %. MJ Holdings's annualized ROA % for the quarter that ended in Sep. 2023 was 60.79%. Total Assets is also linked to Revenue through Asset Turnover. MJ Holdings's Asset Turnover for the quarter that ended in Sep. 2023 was 0.01.

MJ Holdings Total Assets Historical Data

The historical data trend for MJ Holdings'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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MJ Holdings Total Assets Chart

MJ Holdings Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Total Assets

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5.68

8.18

7.49

8.84

5.13

MJ Holdings Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Total Assets	Get a 7-Day Free Trial															7.97	5.13	4.30	4.29	4.47

MJ Holdings 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.

MJ Holdings's Total Assets for the fiscal year that ended in Dec. 2022 is calculated as

Total Assets	=	Total Equity (A: Dec. 2022 )	+	Total Liabilities (A: Dec. 2022 )
	=	0.375	+	4.756
	=	5.13

MJ Holdings's Total Assets for the quarter that ended in Sep. 2023 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2023 )	+	Total Liabilities (Q: Sep. 2023 )
	=	1.407	+	3.057
	=	4.46

MJ Holdings (OTCPK:MJNE) Total Assets Explanation

Total Assets is connected with ROA %.

MJ Holdings's annualized ROA % for the quarter that ended in Sep. 2023 is

ROA %	=	Net Income (Q: Sep. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
	=	2.66	/	( (4.286	+	4.465)	/ 2 )
	=	2.66	/	4.3755
	=	60.79 %

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

MJ Holdings's Asset Turnover for the quarter that ended in Sep. 2023 is

	Asset Turnover
=	Revenue (Q: Sep. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
=	0.023	/	( (4.286	+	4.465)	/ 2 )
=	0.023	/	4.3755
=	0.01

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.

MJ Holdings Total Assets Related Terms

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MJ Holdings (MJ Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » MJ Holdings Inc (OTCPK:MJNE) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

5730 Sky Pointe Dr., Suite 102, Las Vegas, NV, USA, 89130

Website

https://www.mjholdingsinc.com

MJ Holdings Inc engages in the provision of consulting and operating services to the regulated cannabis industry. It provides a full spectrum of infrastructure, cultivation management, production management, distribution consulting, and operating services to cultivation and production operators.

Executives

Paris Balaouras	director, 10 percent owner, officer: Chief Cultivation Officer	212 DESERT VIEW, LAS VEGAS NV 89107
David C. Dear	director	101 COLUMNS CIRCLE, SHELBY NC 28150
Bernard Thomas Moyle	officer: Chief Financial Officer	201 W NORTH RIVER DR. #100, SPOKANE WA 99201
Roger James Bloss	officer: Chief Executive Officer	201 W NORTH RIVER DR. #100, SPOKANE WA 99201
Terrence Mcgill Tierney	officer: President	245 E 54TH STREET, #9S, NEW YORK NY 10022
Rsgroberg Consulting Llc	officer: President	1256 PANINI DRIVE, ATTN: RICHARD GROBERG, HENDERSON NV 89052