Planet 13 Holdings's Total Assets for the quarter that ended in Mar. 2024 was $157.39 Mil.
Warning Sign:
If a company builds assets at 45.9% a year, faster than its revenue growth rate of 11.8% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Planet 13 Holdings's average Total Assets Growth Rate was -26.80% per year.
During the past 3 years, the average Total Assets Growth Rate was 27.50% per year.
During the past 5 years, the average Total Assets Growth Rate was 45.90% per year.
During the past 8 years, Planet 13 Holdings's highest 3-Year average Total Assets Growth Rate was 79.50%. The lowest was 27.50%. And the median was 55.10%.
The historical data trend for Planet 13 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.
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.
Planet 13 Holdings's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Planet 13 Holdings (OTCPK:PLNH) Total Assets Explanation
Note:
The Net Income data used here is four times the quarterly (Mar. 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.
Planet 13 Holdings's Asset Turnover for the quarter that ended in Mar. 2024 is
* 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.
Planet 13 Holdings Total Assets Related Terms
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Planet 13 Holdings (Planet 13 Holdings) Business Description
Planet 13 Holdings Inc operates as an integrated cannabis company based in Nevada, with cultivation, production, and dispensary operations in Las Vegas. The company is focused on providing an unparalleled dispensary experience and optimizing cultivation efficiencies through its technology as the vanguard of cannabis.
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