BioHarvest Sciences (XCNQ:BHSC) Total Assets : C$37.02 Mil (As of Jun. 2024)

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What is BioHarvest Sciences Total Assets?

BioHarvest Sciences's Total Assets for the quarter that ended in Jun. 2024 was C$37.02 Mil.

During the past 12 months, BioHarvest Sciences's average Total Assets Growth Rate was 158.70% per year. During the past 3 years, the average Total Assets Growth Rate was 42.10% per year. During the past 5 years, the average Total Assets Growth Rate was 101.10% per year.

During the past 10 years, BioHarvest Sciences's highest 3-Year average Total Assets Growth Rate was 321.50%. The lowest was 15.10%. And the median was 109.30%.

Total Assets is connected with ROA %. BioHarvest Sciences's annualized ROA % for the quarter that ended in Jun. 2024 was -13.83%. Total Assets is also linked to Revenue through Asset Turnover. BioHarvest Sciences's Asset Turnover for the quarter that ended in Jun. 2024 was 0.30.

BioHarvest Sciences Total Assets Historical Data

The historical data trend for BioHarvest Sciences'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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BioHarvest Sciences Total Assets Chart

BioHarvest Sciences Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Dec20

Dec21

Dec22

Dec23

Total Assets

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7.53

6.79

13.07

12.76

20.13

BioHarvest Sciences Quarterly Data
	Jul19	Oct19	Jan20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Total Assets	Get a 7-Day Free Trial															13.98	14.33	20.13	17.48	37.02

BioHarvest Sciences 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.

BioHarvest Sciences'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 )
	=	-19.927	+	40.053
	=	20.13

BioHarvest Sciences's Total Assets for the quarter that ended in Jun. 2024 is calculated as

Total Assets	=	Total Equity (Q: Jun. 2024 )	+	Total Liabilities (Q: Jun. 2024 )
	=	9.185	+	27.838
	=	37.02

BioHarvest Sciences (XCNQ:BHSC) Total Assets Explanation

Total Assets is connected with ROA %.

BioHarvest Sciences's annualized ROA % for the quarter that ended in Jun. 2024 is

ROA %	=	Net Income (Q: Jun. 2024 )	/	( (Total Assets (Q: Mar. 2024 )	+	Total Assets (Q: Jun. 2024 ))	/ count )
	=	-3.768	/	( (17.479	+	37.023)	/ 2 )
	=	-3.768	/	27.251
	=	-13.83 %

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

BioHarvest Sciences's Asset Turnover for the quarter that ended in Jun. 2024 is

	Asset Turnover
=	Revenue (Q: Jun. 2024 )	/	( (Total Assets (Q: Mar. 2024 )	+	Total Assets (Q: Jun. 2024 ))	/ count )
=	8.26	/	( (17.479	+	37.023)	/ 2 )
=	8.26	/	27.251
=	0.30

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.

BioHarvest Sciences Total Assets Related Terms

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BioHarvest Sciences Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » BioHarvest Sciences Inc (XCNQ:BHSC) » Definitions » Total Assets

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CNVCD:USA 8MV0:Germany

Address

1140-625 Howe Street, Vancouver, BC, CAN, V6C 2T6

Website

https://www.bioharvest.com

BioHarvest Sciences Inc is the developer and owner of the patented bio-cell growth platform farming technology. This company is the industrial large-scale plant cell growth technology capable of directly and constantly producing active plant ingredients without the necessity to grow the plant itself. The company is focused on leveraging its botanical synthesis technology to develop the next generation of science-based and clinical therapeutic solutions, within two business verticals - nutraceutical health and wellness products such as dietary supplements, and the development of plant cell-based Active Pharmaceutical Ingredients (APIs) that focus on specific medical indications.

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