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PGFF (Pioneer Green Farms) Total Assets : $0.62 Mil (As of Sep. 2024)


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What is Pioneer Green Farms Total Assets?

Pioneer Green Farms's Total Assets for the quarter that ended in Sep. 2024 was $0.62 Mil.

During the past 12 months, Pioneer Green Farms's average Total Assets Growth Rate was 3.50% per year.

Total Assets is connected with ROA %. Pioneer Green Farms's annualized ROA % for the quarter that ended in Sep. 2024 was -1,061.66%. Total Assets is also linked to Revenue through Asset Turnover. Pioneer Green Farms's Asset Turnover for the quarter that ended in Sep. 2024 was 0.00.

Pioneer Green Farms Total Assets Historical Data

The historical data trend for Pioneer Green Farms'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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Pioneer Green Farms Total Assets Chart

Pioneer Green Farms Annual Data
Trend Dec22 Dec23
Total Assets
0.61 0.59

Pioneer Green Farms Quarterly Data
Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.61 0.59 0.60 0.61 0.62

Pioneer Green Farms 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.

Pioneer Green Farms'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 )
=-0.612+1.205
=0.59

Pioneer Green Farms'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 )
=-0.498+1.117
=0.62

* 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.

Pioneer Green Farms  (OTCPK:PGFF) Total Assets Explanation

Total Assets is connected with ROA %.

Pioneer Green Farms'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 )
=-6.508/( (0.607+0.619)/ 2 )
=-6.508/0.613
=-1,061.66 %

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.

Pioneer Green Farms'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 )
=0/( (0.607+0.619)/ 2 )
=0/0.613
=0.00

* 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.

Pioneer Green Farms Total Assets Related Terms

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Pioneer Green Farms Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Pioneer Green Farms Inc (OTCPK:PGFF) » Definitions » Total Assets
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SANW SDOT LOCL SISI EDBL DTCK AGRI AQB SHMP AAGR SZSE:002714 ADM TSN SZSE:300498 OSL:MOWI BG SFD OSL:SALM SZSE:000876 BKK:CPF
Traded in Other Exchanges
N/A
Address
1301 10th Avenue East, Suite G, Palmetto, FL, USA, 34221
Website
https://pioneergreenfarm.com
Pioneer Green Farms Inc is engaged in growing hemp flowers from seeds to oil. The seed is planted and harvested then extracted to oil. The Company engages an extraction facility to extract the oil from the plants. Its Vision is to grow the highest quality hemp flower and provide organic products on its owned and family-operated farms. The hemp is hand-seeded, cultivated, and harvested at optimum bloom. In addition to hemp cultivation, at the Drymon Farm, it is also producing peaches, lychee, dragon fruit, passion fruit, and longan fruit stock trees for resale.

Pioneer Green Farms Headlines

From GuruFocus

Pioneer Green Farms Plants First Indoor Hemp Crop With Six Proprietary Hemp Strains in the State of Florida

By ACCESSWIRE • 12-03-2024