OILFF (Nextleaf Solutions) Total Assets : $6.05 Mil (As of Dec. 2024)

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What is Nextleaf Solutions Total Assets?

Nextleaf Solutions's Total Assets for the quarter that ended in Dec. 2024 was $6.05 Mil.

During the past 12 months, Nextleaf Solutions's average Total Assets Growth Rate was -5.50% per year. During the past 3 years, the average Total Assets Growth Rate was -0.60% per year. During the past 5 years, the average Total Assets Growth Rate was 4.10% per year.

During the past 8 years, Nextleaf Solutions's highest 3-Year average Total Assets Growth Rate was 1538.10%. The lowest was -4.60%. And the median was 7.70%.

Total Assets is connected with ROA %. Nextleaf Solutions's annualized ROA % for the quarter that ended in Dec. 2024 was 24.05%. Total Assets is also linked to Revenue through Asset Turnover. Nextleaf Solutions's Asset Turnover for the quarter that ended in Dec. 2024 was 0.33.

Nextleaf Solutions Total Assets Historical Data

The historical data trend for Nextleaf Solutions'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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Nextleaf Solutions Total Assets Chart

Nextleaf Solutions Annual Data

Trend

Mar17

Mar18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

Total Assets

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7.39

7.26

5.36

6.31

6.32

Nextleaf Solutions Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Total Assets	Get a 7-Day Free Trial															6.79	7.11	6.61	6.32	6.05

Nextleaf Solutions 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.

Nextleaf Solutions's Total Assets for the fiscal year that ended in Sep. 2024 is calculated as

Total Assets	=	Total Equity (A: Sep. 2024 )	+	Total Liabilities (A: Sep. 2024 )
	=	3.326	+	2.997
	=	6.32

Nextleaf Solutions's Total Assets for the quarter that ended in Dec. 2024 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2024 )	+	Total Liabilities (Q: Dec. 2024 )
	=	3.622	+	2.428
	=	6.05

Nextleaf Solutions (OTCPK:OILFF) Total Assets Explanation

Total Assets is connected with ROA %.

Nextleaf Solutions's annualized ROA % for the quarter that ended in Dec. 2024 is

ROA %	=	Net Income (Q: Dec. 2024 )	/	( (Total Assets (Q: Sep. 2024 )	+	Total Assets (Q: Dec. 2024 ))	/ count )
	=	1.488	/	( (6.323	+	6.05)	/ 2 )
	=	1.488	/	6.1865
	=	24.05 %

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

Nextleaf Solutions's Asset Turnover for the quarter that ended in Dec. 2024 is

	Asset Turnover
=	Revenue (Q: Dec. 2024 )	/	( (Total Assets (Q: Sep. 2024 )	+	Total Assets (Q: Dec. 2024 ))	/ count )
=	2.026	/	( (6.323	+	6.05)	/ 2 )
=	2.026	/	6.1865
=	0.33

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.

Nextleaf Solutions Total Assets Related Terms

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Nextleaf Solutions Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Nextleaf Solutions Ltd (OTCPK:OILFF) » Definitions » Total Assets

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OILS:Canada

Address

68 Schooner Street, Suite 3, Coquitlam, BC, CAN, V3B 7B1

Website

https://www.nextleafsolutions.com

Nextleaf Solutions Ltd is is a Canadian cannabis extractor and processor, with a focus on developing intellectual property for the extraction, distillation formulation, and delivery of cannabinoids. The Company has a single reportable segment being the provision of goods and services to the cannabis industry in Canada. All the Company's revenues are generated in Canada. Revenue from sale of goods and services includes sales of bulk distillate, branded (Glacial Gold) vape pens, oils, and softgels (branded extract products), and private label which includes toll processing and other services. Majority being from Branded extract products.