MustGrow Biologics (TSXV:MGRO) Total Assets : C$6.03 Mil (As of Mar. 2024)

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What is MustGrow Biologics Total Assets?

MustGrow Biologics's Total Assets for the quarter that ended in Mar. 2024 was C$6.03 Mil.

During the past 12 months, MustGrow Biologics's average Total Assets Growth Rate was 20.30% per year. During the past 3 years, the average Total Assets Growth Rate was 27.10% per year. During the past 5 years, the average Total Assets Growth Rate was 31.80% per year.

During the past 8 years, MustGrow Biologics's highest 3-Year average Total Assets Growth Rate was 87.20%. The lowest was 22.60%. And the median was 35.95%.

Total Assets is connected with ROA %. MustGrow Biologics's annualized ROA % for the quarter that ended in Mar. 2024 was -63.86%. Total Assets is also linked to Revenue through Asset Turnover. MustGrow Biologics's Asset Turnover for the quarter that ended in Mar. 2024 was 0.00.

MustGrow Biologics Total Assets Historical Data

The historical data trend for MustGrow Biologics'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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MustGrow Biologics Total Assets Chart

MustGrow Biologics Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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4.09

3.37

9.70

7.13

6.94

MustGrow Biologics Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															7.13	6.32	4.34	6.94	6.03

MustGrow Biologics 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.

MustGrow Biologics'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 )
	=	5.584	+	1.354
	=	6.94

MustGrow Biologics's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	4.694	+	1.334
	=	6.03

MustGrow Biologics (TSXV:MGRO) Total Assets Explanation

Total Assets is connected with ROA %.

MustGrow Biologics's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	-4.14	/	( (6.938	+	6.028)	/ 2 )
	=	-4.14	/	6.483
	=	-63.86 %

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.

MustGrow Biologics's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	0	/	( (6.938	+	6.028)	/ 2 )
=	0	/	6.483
=	0.00

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.

MustGrow Biologics Total Assets Related Terms

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MustGrow Biologics (TSXV:MGRO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » MustGrow Biologics Corp (TSXV:MGRO) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

MGROF:USA 0C0:Germany

Address

1005 - 201 1st Avenue South, Saskatoon, SK, CAN, S7K 1J5

Website

https://www.mustgrow.ca

MustGrow Biologics Corp is a company engaged in the development of natural biopesticide products from mustard seed. It is focused on the development and commercialization of non-synthetic AITC (Allyl Isothiocyanate) from mustard seed for use as a natural biofumigant for the control of nematodes, soil-borne diseases, and other soil pests.

Executives

Corey Joseph Giasson	Director, Senior Officer
Colin Michael Bletsky	Director

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