Greenfern Industries (NZSE:GFI) Total Assets : NZ$4.35 Mil (As of Mar. 2023)

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What is Greenfern Industries Total Assets?

Greenfern Industries's Total Assets for the quarter that ended in Mar. 2023 was NZ$4.35 Mil.

During the past 12 months, Greenfern Industries's average Total Assets Growth Rate was 3.60% per year.

Total Assets is connected with ROA %. Greenfern Industries's annualized ROA % for the quarter that ended in Mar. 2023 was -47.22%. Total Assets is also linked to Revenue through Asset Turnover. Greenfern Industries's Asset Turnover for the quarter that ended in Mar. 2023 was 0.13.

Greenfern Industries Total Assets Historical Data

The historical data trend for Greenfern Industries'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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Greenfern Industries Total Assets Chart

Greenfern Industries Annual Data

Trend

Mar22

Mar23

Total Assets

4.22

4.35

Greenfern Industries Semi-Annual Data
	Mar22	Mar23
Total Assets	4.22	4.35

Greenfern Industries 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.

Greenfern Industries's Total Assets for the fiscal year that ended in Mar. 2023 is calculated as

Total Assets	=	Total Equity (A: Mar. 2023 )	+	Total Liabilities (A: Mar. 2023 )
	=	3.264	+	1.082
	=	4.35

Greenfern Industries's Total Assets for the quarter that ended in Mar. 2023 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2023 )	+	Total Liabilities (Q: Mar. 2023 )
	=	3.264	+	1.082
	=	4.35

Greenfern Industries (NZSE:GFI) Total Assets Explanation

Total Assets is connected with ROA %.

Greenfern Industries's annualized ROA % for the quarter that ended in Mar. 2023 is

ROA %	=	Net Income (Q: Mar. 2023 )	/	( (Total Assets (Q: Mar. 2022 )	+	Total Assets (Q: Mar. 2023 ))	/ count )
	=	-2.022	/	( (4.218	+	4.346)	/ 2 )
	=	-2.022	/	4.282
	=	-47.22 %

Note: The Net Income data used here is one times the annual (Mar. 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.

Greenfern Industries's Asset Turnover for the quarter that ended in Mar. 2023 is

	Asset Turnover
=	Revenue (Q: Mar. 2023 )	/	( (Total Assets (Q: Mar. 2022 )	+	Total Assets (Q: Mar. 2023 ))	/ count )
=	0.551	/	( (4.218	+	4.346)	/ 2 )
=	0.551	/	4.282
=	0.13

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.

Greenfern Industries Total Assets Related Terms

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Greenfern Industries (NZSE:GFI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Greenfern Industries Ltd (NZSE:GFI) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

115 Queen Street, Level 8, General Capital House, Auckland, NTL, NZL, 1040

Website

https://www.gfi.nz

Greenfern Industries Ltd is committed to the environmentally friendly production of medicinal cannabis and hemp-based products. It operates in two segments, Cannabis and therapeutics products the operations of this segment reflect the activities of manufacture and distribution of cannabis products, Electricity generation this segment includes the generation and distribution of electricity. The hemp seed and its by-products are used for a range of different products from a high protein ingredient in a plant-based meat substitute, a hemp-based skincare range, and hemp-based beverages amongst other things.