OCTO (Eightco Holdings) Total Assets : $49.24 Mil (As of Sep. 2024)

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What is Eightco Holdings Total Assets?

Eightco Holdings's Total Assets for the quarter that ended in Sep. 2024 was $49.24 Mil.

During the past 12 months, Eightco Holdings's average Total Assets Growth Rate was -17.30% per year.

Total Assets is connected with ROA %. Eightco Holdings's annualized ROA % for the quarter that ended in Sep. 2024 was -26.04%. Total Assets is also linked to Revenue through Asset Turnover. Eightco Holdings's Asset Turnover for the quarter that ended in Sep. 2024 was 0.16.

Eightco Holdings Total Assets Historical Data

The historical data trend for Eightco 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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Eightco Holdings Total Assets Chart

Eightco Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Total Assets

13.98

58.60

55.41

Eightco Holdings Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Assets	Get a 7-Day Free Trial										60.29	55.41	50.24	48.37	49.24

Eightco 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.

Eightco Holdings's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	-4.348	+	59.759
	=	55.41

Eightco Holdings's Total Assets for the quarter that ended in Sep. 2024 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2024 )	+	Total Liabilities (Q: Sep. 2024 )
	=	12.635	+	36.605
	=	49.24

Eightco Holdings (NAS:OCTO) Total Assets Explanation

Total Assets is connected with ROA %.

Eightco Holdings's annualized ROA % for the quarter that ended in Sep. 2024 is

ROA %	=	Net Income (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
	=	-12.708	/	( (48.366	+	49.24)	/ 2 )
	=	-12.708	/	48.803
	=	-26.04 %

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

Eightco Holdings's Asset Turnover for the quarter that ended in Sep. 2024 is

	Asset Turnover
=	Revenue (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
=	7.672	/	( (48.366	+	49.24)	/ 2 )
=	7.672	/	48.803
=	0.16

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.

Eightco Holdings Total Assets Related Terms

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Eightco Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Eightco Holdings Inc (NAS:OCTO) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

101 Larry Holmes Dr., Easton, Safety Harbor, PA, USA, 18042

Website

https://www.8co.holdings

Eightco Holdings Inc operates in three main businesses: Forever 8 Inventory Cash Flow Solution, Web3 Business, and Packaging Business. Forever 8 focuses on purchasing inventory for e-commerce retailers and is part of its Inventory Solution Business. Web3 Business but has no intention of continuing this business at this time. The Packaging Business manufactures and sells custom packaging for a wide variety of products and helps customers generate brand awareness and promote brand image through packaging. The Company's two reportable segments were the Inventory Management Solutions segment and the Corrugated segment. Key revenue is generated from Inventory Management Solutions segment.

Executives

Brian Mcfadden	director, officer: President and CEO	855 BAYWAY BLVD, CLEARWATER BEACH FL 33767
Louis Foreman	director	520 ELLIOT STREET, CHARLOTTE NC 28202
Frank D Jennings	director	1739 SAILMAKER STREET, CHARLESTON SC 29492
Vroman Brett Earl James	officer: Chief Financial Officer	C/O EDISON NATION, INC., 909 NEW BRUNSWICK AVENUE, PHILLIPSBURG NJ 08865
Kevin J O'donnell	director, officer: Chairman	91 OAKLEIGH LANE, MAITLAND FL 32751
Vinco Ventures, Inc.	10 percent owner	C/O INCORP SERVICES, 3773 HOWARD HUGHES PKWY. STE 500S, LAS VEGAS NV 89169
Mary Ann Halford	director	12 BRIARBROOK DRIVE, BRIARCLIFF MANOR NY 10510