VGFCQ (The Very Good Food Co) Total Assets: $34.84 Mil (As of Sep. 2022)


VGFCQ The Very Good Food Co Inc VGFCQ
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What is The Very Good Food Co Total Assets?

The Very Good Food Co VGFCQ -99.98% 12 Total Assets is $34.84 Mil as of Sep. 2022. GuruFocus rates VGFCQ with a GF Score™ of 12/100.

The Very Good Food Co's Total Assets for the quarter that ended in Sep. 2022 was $34.84 Mil.

Total Assets is connected with ROA %. The Very Good Food Co's annualized ROA % for the quarter that ended in Sep. 2022 was -11.56%. Total Assets is also linked to Revenue through Asset Turnover. The Very Good Food Co's Asset Turnover for the quarter that ended in Sep. 2022 was 0.03.

The Very Good Food Co  (OTCPK:VGFCQ) Total Assets Explanation

Total Assets is connected with ROA %.

The Very Good Food Co's annualized ROA % for the quarter that ended in Sep. 2022 is

ROA %=Net Income (Q: Sep. 2022 )/( (Total Assets (Q: Jun. 2022 )+Total Assets (Q: Sep. 2022 ))/ count )
=-4.596/( (44.699+34.843)/ 2 )
=-4.596/39.771
=-11.56 %

Note: The Net Income data used here is four times the quarterly (Sep. 2022) 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 Very Good Food Co's Asset Turnover for the quarter that ended in Sep. 2022 is

Asset Turnover
=Revenue (Q: Sep. 2022 )/( (Total Assets (Q: Jun. 2022 )+Total Assets (Q: Sep. 2022 ))/ count )
=1.317/( (44.699+34.843)/ 2 )
=1.317/39.771
=0.03

* 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 Very Good Food Co Total Assets Related Terms

The Very Good Food Co Total Assets Historical Data

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The historical data trend for The Very Good Food 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.

The Very Good Food Co Total Assets Chart

The Very Good Food Co Annual Data
Trend Dec19 Dec20 Dec21
Total Assets
1.02 27.47 61.21

The Very Good Food Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 47.47 61.21 51.59 44.70 34.84
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The Very Good Food Co Inc VGFCQ
Total Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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The Very Good Food 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 Very Good Food Co's Total Assets for the fiscal year that ended in Dec. 2021 is calculated as

Total Assets=Total Equity (A: Dec. 2021 )+Total Liabilities (A: Dec. 2021 )
=31.388+29.819
=61.21

The Very Good Food Co's Total Assets for the quarter that ended in Sep. 2022 is calculated as

Total Assets=Total Equity (Q: Sep. 2022 )+Total Liabilities (Q: Sep. 2022 )
=11.367+23.476
=34.84

* 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.

Frequently Asked Questions Learn more about Total Assets →
What does a Total Assets of $34.84 Mil mean?
The Very Good Food Co (VGFCQ) has a Total Assets of $34.84 Mil as of Sep. 2022. The total amount of assets as recorded on a company's balance sheet. View historical data on The Very Good Food Co and its competitors.
Is The Very Good Food Co's Total Assets too high?
The Very Good Food Co's current Total Assets is $34.84 Mil. Overall, The Very Good Food Co has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does The Very Good Food Co's Total Assets compare to KHC and GIS?
The Very Good Food Co's Total Assets of $34.84 Mil can be compared against companies in the Consumer Packaged Goods industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Assets for a Consumer Packaged Goods company?
A good Total Assets depends on the Consumer Packaged Goods industry context. However, Total Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Assets mean?
A high Total Assets can signal that a stock is expensive relative to its fundamentals. The total amount of assets as recorded on a company's balance sheet. View historical data on The Very Good Food Co and its competitors. The Very Good Food Co's current Total Assets is $34.84 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Very Good Food Co stock overvalued right now?
The Very Good Food Co (VGFCQ) has a current Total Assets of $34.84 Mil. The current Total Assets is $34.84 Mil. The Very Good Food Co's overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Assets calculated?
Total Assets is calculated from a company's financial statements. For The Very Good Food Co (VGFCQ), the current Total Assets is $34.84 Mil as of Sep. 2022. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

The Very Good Food Co Business Description

Address 2748 Rupert Street, Vancouver, BC, CAN, M4W 3P4
The Very Good Food Co Inc operates in the food industry. The company is a food technology company that designs, develops, produces, distributes, and sells a variety of plant-based meat and other food alternatives.
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Total Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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