Forte Group Holdings (XCNQ:FGH) Total Assets : C$15.38 Mil (As of Sep. 2024)

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What is Forte Group Holdings Total Assets?

Forte Group Holdings's Total Assets for the quarter that ended in Sep. 2024 was C$15.38 Mil.

During the past 12 months, Forte Group Holdings's average Total Assets Growth Rate was -24.00% per year. During the past 3 years, the average Total Assets Growth Rate was -18.40% per year. During the past 5 years, the average Total Assets Growth Rate was 3.20% per year.

During the past 6 years, Forte Group Holdings's highest 3-Year average Total Assets Growth Rate was 16.60%. The lowest was -18.40%. And the median was 10.70%.

Total Assets is connected with ROA %. Forte Group Holdings's annualized ROA % for the quarter that ended in Sep. 2024 was -35.10%. Total Assets is also linked to Revenue through Asset Turnover. Forte Group Holdings's Asset Turnover for the quarter that ended in Sep. 2024 was 0.00.

Forte Group Holdings Total Assets Historical Data

The historical data trend for Forte Group Holdings'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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Forte Group Holdings Total Assets Chart

Forte Group Holdings Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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16.24

24.33

18.93

21.80

13.07

Forte Group Holdings Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Assets	Get a 7-Day Free Trial															20.35	13.07	13.01	12.93	15.38

Forte Group Holdings 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.

Forte Group Holdings'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 )
	=	-4.313	+	17.383
	=	13.07

Forte Group Holdings's Total Assets for the quarter that ended in Sep. 2024 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2024 )	+	Total Liabilities (Q: Sep. 2024 )
	=	0.421	+	14.96
	=	15.38

Forte Group Holdings (XCNQ:FGH) Total Assets Explanation

Total Assets is connected with ROA %.

Forte Group Holdings's annualized ROA % for the quarter that ended in Sep. 2024 is

ROA %	=	Net Income (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
	=	-4.968	/	( (12.927	+	15.381)	/ 2 )
	=	-4.968	/	14.154
	=	-35.10 %

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

Forte Group Holdings's Asset Turnover for the quarter that ended in Sep. 2024 is

	Asset Turnover
=	Revenue (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
=	0.027	/	( (12.927	+	15.381)	/ 2 )
=	0.027	/	14.154
=	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.

Forte Group Holdings Total Assets Related Terms

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Forte Group Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Forte Group Holdings Inc (XCNQ:FGH) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

FGHFF:USA 7BC0:Germany

Address

1108 West 8th Avenue, Vancouver, BC, CAN, V6H 4C8

Website

https://www.bevcanna.com

Forte Group Holdings Inc lifestyle and wellness beverages and nutraceuticals under the flagship TRACE brand, while expanding white-label production for partners. It is also preparing to launch its TRACE BLACKwater products internationally, alongside a new line of proprietary nutraceutical health products in the U.S. under the TRACE brand, its recent acquisition of the U.S.-based direct-to-consumer (DTC) e-commerce and nutraceutical product company.

Executives

Marcello Leone	Director, Senior Officer
Martino Ciambrelli	Senior Officer
Melise Panetta	Senior Officer
Douglas Lawrence Mason	Director
Norman John Campbell	Director, Senior Officer
Bevcanna Enterprises Inc.	Issuer