Rocky Mountain High Brands (Rocky Mountain High Brands) Total Assets : $4.84 Mil (As of Jun. 2020)

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What is Rocky Mountain High Brands Total Assets?

Rocky Mountain High Brands's Total Assets for the quarter that ended in Jun. 2020 was $4.84 Mil.

Total Assets is connected with ROA %. Rocky Mountain High Brands's annualized ROA % for the quarter that ended in Jun. 2020 was -218.38%. Total Assets is also linked to Revenue through Asset Turnover. Rocky Mountain High Brands's Asset Turnover for the quarter that ended in Jun. 2020 was 0.25.

Rocky Mountain High Brands Total Assets Historical Data

The historical data trend for Rocky Mountain High Brands'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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Rocky Mountain High Brands Total Assets Chart

Rocky Mountain High Brands Annual Data

Trend

Dec09

Jun10

Jun11

Jun12

Jun16

Jun17

Dec18

Dec19

Total Assets

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0.06

2.26

1.28

1.38

0.55

Rocky Mountain High Brands Quarterly Data
	Dec09	Jun10	Dec10	Jun11	Jun12	Jun16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20
Total Assets	Get a 7-Day Free Trial															1.16	1.13	0.55	0.54	4.84

Rocky Mountain High Brands 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.

Rocky Mountain High Brands's Total Assets for the fiscal year that ended in Dec. 2019 is calculated as

Total Assets	=	Total Equity (A: Dec. 2019 )	+	Total Liabilities (A: Dec. 2019 )
	=	-2.622	+	3.168
	=	0.55

Rocky Mountain High Brands's Total Assets for the quarter that ended in Jun. 2020 is calculated as

Total Assets	=	Total Equity (Q: Jun. 2020 )	+	Total Liabilities (Q: Jun. 2020 )
	=	-1.972	+	6.816
	=	4.84

Rocky Mountain High Brands (OTCPK:RMHB) Total Assets Explanation

Total Assets is connected with ROA %.

Rocky Mountain High Brands's annualized ROA % for the quarter that ended in Jun. 2020 is

ROA %	=	Net Income (Q: Jun. 2020 )	/	( (Total Assets (Q: Mar. 2020 )	+	Total Assets (Q: Jun. 2020 ))	/ count )
	=	-5.88	/	( (0.541	+	4.844)	/ 2 )
	=	-5.88	/	2.6925
	=	-218.38 %

Note: The Net Income data used here is four times the quarterly (Jun. 2020) 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.

Rocky Mountain High Brands's Asset Turnover for the quarter that ended in Jun. 2020 is

	Asset Turnover
=	Revenue (Q: Jun. 2020 )	/	( (Total Assets (Q: Mar. 2020 )	+	Total Assets (Q: Jun. 2020 ))	/ count )
=	0.669	/	( (0.541	+	4.844)	/ 2 )
=	0.669	/	2.6925
=	0.25

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.

Rocky Mountain High Brands Total Assets Related Terms

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Rocky Mountain High Brands (Rocky Mountain High Brands) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Rocky Mountain High Brands Inc (OTCPK:RMHB) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

1000 Shiloh Road, Suite 200, Plano, TX, USA, 75074

Website

https://www.rockymountainhighbrands.com

Rocky Mountain High Brands Inc is a brand management company. RMHB specializes in developing, manufacturing, marketing, and distributing high-quality, health-conscious, cannabidiol and hemp-infused products that span various categories including beverage, food, fitness, skincare, and more. It also markets a naturally high alkaline spring water as part of the company's brand portfolio.

Executives

Winton Morrison	director	9101 LBJ FREEWAY, SUITE 200 DALLAS TX 75243
Jens R. Mielke	officer: Chief Financial Officer	9101 LBJ FREEWAY, SUITE 200 DALLAS TX 75243
Michael R. Welch	director, officer: President and CEO	9101 LBJ FREEWAY, SUITE 200 DALLAS TX 75243
Charles Walter Smith	director, officer: Chief Operating Officer	9101 LBJ FREEWAY, SUITE 200 DALLAS TX 75243
David M. Seeberger	director, officer: Vice President	9101 LBJ FREEWAY, SUITE 200 DALLAS TX 75243
Kevin Harrington	director	14044 ICOT BLVD., CLEARWATER FL 33760
Gerard Vincent David	director, officer: Chairman of the Board	3615 5TH AVENUE NE BRADENTON FL 34208
Jerome A. Grisaffi	director, officer: Secretary and Chairman	9101 LBJ FREEWAY, SUITE 200 DALLAS TX 75243
Lily Li	10 percent owner, officer: Executive Vice President	4858 ROUTE 32 CATSKILL NY 12414