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Promino Nutritional Sciences (XCNQ:MUSL) Total Assets : C$1.02 Mil (As of Mar. 2024)


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What is Promino Nutritional Sciences Total Assets?

Promino Nutritional Sciences's Total Assets for the quarter that ended in Mar. 2024 was C$1.02 Mil.

During the past 12 months, Promino Nutritional Sciences's average Total Assets Growth Rate was -55.20% per year. During the past 3 years, the average Total Assets Growth Rate was -49.20% per year.

During the past 4 years, Promino Nutritional Sciences's highest 3-Year average Total Assets Growth Rate was -49.20%. The lowest was -49.20%. And the median was -49.20%.

Total Assets is connected with ROA %. Promino Nutritional Sciences's annualized ROA % for the quarter that ended in Mar. 2024 was -2,052.38%. Total Assets is also linked to Revenue through Asset Turnover. Promino Nutritional Sciences's Asset Turnover for the quarter that ended in Mar. 2024 was 0.04.

Promino Nutritional Sciences Total Assets Historical Data

The historical data trend for Promino Nutritional 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.

* Premium members only.

Promino Nutritional Sciences Total Assets Chart

Promino Nutritional Sciences Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Total Assets
1.30 5.00 2.65 0.16

Promino Nutritional Sciences Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 2.06 3.47 2.46 0.16 1.02

Promino Nutritional 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.

Promino Nutritional 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 )
=-8.469+8.628
=0.16

Promino Nutritional Sciences'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 )
=-6.878+7.895
=1.02

* 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.

Promino Nutritional Sciences  (XCNQ:MUSL) Total Assets Explanation

Total Assets is connected with ROA %.

Promino Nutritional Sciences'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 )
=-12.068/( (0.16+1.016)/ 2 )
=-12.068/0.588
=-2,052.38 %

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.

Promino Nutritional Sciences'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 )
=0.021/( (0.16+1.016)/ 2 )
=0.021/0.588
=0.04

* 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.

Promino Nutritional Sciences Total Assets Related Terms

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Promino Nutritional Sciences (XCNQ:MUSL) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Promino Nutritional Sciences Inc (XCNQ:MUSL) » Definitions » Total Assets
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Traded in Other Exchanges
ELNSF:USA 93X:Germany
Address
1100 Walkers Line, Suite 401, Burlington, ON, CAN, L7N 2G3
Website
https://www.elmtinc.com
Element Nutritional Sciences Inc is engaged in developing science-based nutritional products for the aging demographic 45 and over. Its products are widely available, scientifically formulated, and clinically proven to help rebuild, restore and rejuvenate muscle.

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