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CENTR Brands (XCNQ:CNTR) Total Assets : C$0.13 Mil (As of Feb. 2024)


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What is CENTR Brands Total Assets?

CENTR Brands's Total Assets for the quarter that ended in Feb. 2024 was C$0.13 Mil.

During the past 12 months, CENTR Brands's average Total Assets Growth Rate was -96.40% per year. During the past 3 years, the average Total Assets Growth Rate was 35.00% per year.

During the past 13 years, CENTR Brands's highest 3-Year average Total Assets Growth Rate was 261.20%. The lowest was -9.10%. And the median was 49.40%.

Total Assets is connected with ROA %. CENTR Brands's annualized ROA % for the quarter that ended in Feb. 2024 was -111.69%. Total Assets is also linked to Revenue through Asset Turnover. CENTR Brands's Asset Turnover for the quarter that ended in Feb. 2024 was 0.02.


CENTR Brands Total Assets Historical Data

The historical data trend for CENTR Brands'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.

* Premium members only.

CENTR Brands Total Assets Chart

CENTR Brands Annual Data
Trend May14 May15 May16 May17 May18 May19 May20 May21 May22 May23
Total Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.39 1.38 2.89 7.57 4.92

CENTR Brands Quarterly Data
Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Feb24
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.01 2.37 4.92 3.43 0.13

CENTR Brands 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.

CENTR Brands's Total Assets for the fiscal year that ended in May. 2023 is calculated as

Total Assets=Total Equity (A: May. 2023 )+Total Liabilities (A: May. 2023 )
=1.249+3.671
=4.92

CENTR Brands's Total Assets for the quarter that ended in Feb. 2024 is calculated as

Total Assets=Total Equity (Q: Feb. 2024 )+Total Liabilities (Q: Feb. 2024 )
=-1.299+1.428
=0.13

* 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.


CENTR Brands  (XCNQ:CNTR) Total Assets Explanation

Total Assets is connected with ROA %.

CENTR Brands's annualized ROA % for the quarter that ended in Feb. 2024 is

ROA %=Net Income (Q: Feb. 2024 )/( (Total Assets (Q: Aug. 2023 )+Total Assets (Q: Feb. 2024 ))/ count )
=-1.988/( (3.43+0.13)/ 2 )
=-1.988/1.78
=-111.69 %

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

CENTR Brands's Asset Turnover for the quarter that ended in Feb. 2024 is

Asset Turnover
=Revenue (Q: Feb. 2024 )/( (Total Assets (Q: Aug. 2023 )+Total Assets (Q: Feb. 2024 ))/ count )
=0.031/( (3.43+0.13)/ 2 )
=0.031/1.78
=0.02

* 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.

CENTR Brands Total Assets Related Terms

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CENTR Brands (XCNQ:CNTR) Business Description

Traded in Other Exchanges
Address
2318 Oak Street, Suite 100, Vancouver, BC, CAN, V6H 4J1
CENTR Brands Corp is a Canada-based company involved in the development and marketing of beverages infused with hemp-derived extracts and derivatives. It is focused on the creation and launch of the brand for the cannabidiol (CBD) infused beverage industry. The company's first product, CENTR, is a sparkling, low-calorie, CBD beverage.
Executives
Arjan Jagiit Chima Director, Senior Officer

CENTR Brands (XCNQ:CNTR) Headlines

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