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The Good Shroom Co (The Good Shroom Co) Total Assets : $1.27 Mil (As of Jan. 2024)


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What is The Good Shroom Co Total Assets?

The Good Shroom Co's Total Assets for the quarter that ended in Jan. 2024 was $1.27 Mil.

During the past 12 months, The Good Shroom Co's average Total Assets Growth Rate was 18.40% per year.

Total Assets is connected with ROA %. The Good Shroom Co's annualized ROA % for the quarter that ended in Jan. 2024 was 12.45%. Total Assets is also linked to Revenue through Asset Turnover. The Good Shroom Co's Asset Turnover for the quarter that ended in Jan. 2024 was 0.51.

The Good Shroom Co Total Assets Historical Data

The historical data trend for The Good Shroom Co'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.

* Premium members only.

The Good Shroom Co Total Assets Chart

The Good Shroom Co Annual Data
Trend Jul21 Jul22 Jul23
Total Assets
1.84 1.27 1.09

The Good Shroom Co Quarterly Data
Mar20 Mar21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.20 1.11 1.09 1.43 1.27

The Good Shroom Co 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.

The Good Shroom Co's Total Assets for the fiscal year that ended in Jul. 2023 is calculated as

Total Assets=Total Equity (A: Jul. 2023 )+Total Liabilities (A: Jul. 2023 )
=0.347+0.746
=1.09

The Good Shroom Co's Total Assets for the quarter that ended in Jan. 2024 is calculated as

Total Assets=Total Equity (Q: Jan. 2024 )+Total Liabilities (Q: Jan. 2024 )
=0.457+0.811
=1.27

* 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.

The Good Shroom Co  (OTCPK:TGSHF) Total Assets Explanation

Total Assets is connected with ROA %.

The Good Shroom Co's annualized ROA % for the quarter that ended in Jan. 2024 is

ROA %=Net Income (Q: Jan. 2024 )/( (Total Assets (Q: Oct. 2023 )+Total Assets (Q: Jan. 2024 ))/ count )
=0.168/( (1.432+1.267)/ 2 )
=0.168/1.3495
=12.45 %

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

The Good Shroom Co's Asset Turnover for the quarter that ended in Jan. 2024 is

Asset Turnover
=Revenue (Q: Jan. 2024 )/( (Total Assets (Q: Oct. 2023 )+Total Assets (Q: Jan. 2024 ))/ count )
=0.691/( (1.432+1.267)/ 2 )
=0.691/1.3495
=0.51

* 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.

The Good Shroom Co Total Assets Related Terms

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The Good Shroom Co (The Good Shroom Co) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » The Good Shroom Co Inc (OTCPK:TGSHF) » Definitions » Total Assets
Comparable Companies
Traded in Other Exchanges
MUSH:Canada
Address
324 Marie-Curie, Vaudreuil, QC, CAN, J7V 5V5
Website
https://www.thegoodshroom.co
The Good Shroom Co Inc operates a portfolio of brands that include traditional cannabis and beverage products. The company exists to promote the use of mushrooms through its brands; The Teo Nan brand is a functional mushroom beverage range serving the American and Canadian wellness market via DTC and retail; The Nordique Royale is a premium quality hash; and The Velada brand is a range of CBD-infused functional mushroom beverages serving the Canadian legal cannabis market.

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