Avricore Health (TSXV:AVCR) Total Assets : C$2.54 Mil (As of Dec. 2023)

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What is Avricore Health Total Assets?

Avricore Health's Total Assets for the quarter that ended in Dec. 2023 was C$2.54 Mil.

During the past 12 months, Avricore Health's average Total Assets Growth Rate was 16.20% per year. During the past 3 years, the average Total Assets Growth Rate was 154.20% per year. During the past 5 years, the average Total Assets Growth Rate was 37.30% per year. During the past 10 years, the average Total Assets Growth Rate was 6.30% per year.

During the past 13 years, Avricore Health's highest 3-Year average Total Assets Growth Rate was 256.90%. The lowest was -61.20%. And the median was 19.05%.

Total Assets is connected with ROA %. Avricore Health's annualized ROA % for the quarter that ended in Dec. 2023 was 9.62%. Total Assets is also linked to Revenue through Asset Turnover. Avricore Health's Asset Turnover for the quarter that ended in Dec. 2023 was 0.54.

Avricore Health Total Assets Historical Data

The historical data trend for Avricore Health'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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Avricore Health Total Assets Chart

Avricore Health Annual Data

Trend

Jun14

Jun15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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0.21

0.44

2.28

2.57

2.54

Avricore Health Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial															2.13	2.57	2.14	2.45	2.54

Avricore Health 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.

Avricore Health'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 )
	=	2.009	+	0.529
	=	2.54

Avricore Health's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	2.009	+	0.529
	=	2.54

Avricore Health (TSXV:AVCR) Total Assets Explanation

Total Assets is connected with ROA %.

Avricore Health's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	0.24	/	( (2.453	+	2.538)	/ 2 )
	=	0.24	/	2.4955
	=	9.62 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) 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.

Avricore Health's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	1.354	/	( (2.453	+	2.538)	/ 2 )
=	1.354	/	2.4955
=	0.54

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.

Avricore Health Total Assets Related Terms

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Avricore Health (TSXV:AVCR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Avricore Health Inc (TSXV:AVCR) » Definitions » Total Assets

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AVCRF:USA 8VP1:Germany

Address

1120 - 789 West Pender Street, Vancouver, BC, CAN, V6C 1H2

Website

https://www.avricorehealth.com

Avricore Health Inc is a Canada based company. The company is involved in the business of health data and point-of-care technologies. The Company has only one segment, being the HealthTab - Point of Care Business in Canada. The Company's revenues are generated from operating leases of the POCT system and sale of testing panels.

Executives

Sukhwinder Singh Rai

Director

Avricore Health (TSXV:AVCR) Headlines

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