MYLKF (The Planting Hope Co) Total Assets: $7.86 Mil (As of Sep. 2023)


What is The Planting Hope Co Total Assets?

The Planting Hope Co MYLKF -99.99% Total Assets is $7.86 Mil as of Sep. 2023.

The Planting Hope Co's Total Assets for the quarter that ended in Sep. 2023 was $7.86 Mil.

Total Assets is connected with ROA %. The Planting Hope Co's annualized ROA % for the quarter that ended in Sep. 2023 was -137.95%. Total Assets is also linked to Revenue through Asset Turnover. The Planting Hope Co's Asset Turnover for the quarter that ended in Sep. 2023 was 0.20.

The Planting Hope Co  (OTCPK:MYLKF) Total Assets Explanation

Total Assets is connected with ROA %.

The Planting Hope Co'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 )
=-10.848/( (0+7.864)/ 1 )
=-10.848/7.864
=-137.95 %

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.

The Planting Hope Co'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 )
=1.592/( (0+7.864)/ 1 )
=1.592/7.864
=0.20

* 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.

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.

The Planting Hope Co Total Assets Related Terms

The Planting Hope Co Total Assets Historical Data

* Premium members only.

The historical data trend for The Planting Hope Co'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.

The Planting Hope Co Total Assets Chart

The Planting Hope Co Annual Data
Trend Dec21 Dec22
Total Assets
7.59 9.84

The Planting Hope Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 11.27 9.84 10.24 0.00 7.86

The Planting Hope Co 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.

The Planting Hope Co'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 )
=1.639+8.202
=9.84

The Planting Hope Co'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 )
=-3.824+11.688
=7.86

* 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.

Frequently Asked Questions Learn more about Total Assets →
What does a Total Assets of $7.86 Mil mean?
The Planting Hope Co (MYLKF) has a Total Assets of $7.86 Mil as of Sep. 2023. The total amount of assets as recorded on a company's balance sheet. View historical data on The Planting Hope Co and its competitors.
Is The Planting Hope Co's Total Assets too high?
The Planting Hope Co's current Total Assets is $7.86 Mil.
How does The Planting Hope Co's Total Assets compare to KHC and GIS?
The Planting Hope Co's Total Assets of $7.86 Mil can be compared against companies in the Consumer Packaged Goods industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Assets for a Consumer Packaged Goods company?
A good Total Assets depends on the Consumer Packaged Goods industry context. However, Total Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Assets mean?
A high Total Assets can signal that a stock is expensive relative to its fundamentals. The total amount of assets as recorded on a company's balance sheet. View historical data on The Planting Hope Co and its competitors. The Planting Hope Co's current Total Assets is $7.86 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Planting Hope Co stock overvalued right now?
The Planting Hope Co (MYLKF) has a current Total Assets of $7.86 Mil. The current Total Assets is $7.86 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Assets calculated?
Total Assets is calculated from a company's financial statements. For The Planting Hope Co (MYLKF), the current Total Assets is $7.86 Mil as of Sep. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

The Planting Hope Co Business Description

Address 725 Granville Street, Suite 400, Vancouver, BC, CAN, V7Y 1G5
The Planting Hope Co Inc develops, launches, and scales plant-based, nutritious, and planet-friendly food and beverage brands across the United States and Canada. The company's products fill key unmet needs in the skyrocketing plant-based food and beverage space. It focuses on nutrition, sustainability, and diversity, with an ongoing mission. Its brands include Hope and Sesame sesame milk, a sustainable dairy alternative that is nutritionally comparable to dairy milk; Mozaics real veggie chips, a popped alternative to fried potato chips featuring visible peas and beans as principal ingredients; Veggicopia single-serving plant-based dips cups and snack olives that have extended shelf-life, require no refrigeration and lowers the carbon footprint.