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Planet Based Foods Global (XCNQ:PBF) Total Assets : C$0.80 Mil (As of Sep. 2023)


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What is Planet Based Foods Global Total Assets?

Planet Based Foods Global's Total Assets for the quarter that ended in Sep. 2023 was C$0.80 Mil.

During the past 12 months, Planet Based Foods Global's average Total Assets Growth Rate was -59.60% per year.

Total Assets is connected with ROA %. Planet Based Foods Global's annualized ROA % for the quarter that ended in Sep. 2023 was -333.73%. Total Assets is also linked to Revenue through Asset Turnover. Planet Based Foods Global's Asset Turnover for the quarter that ended in Sep. 2023 was 0.09.

Planet Based Foods Global Total Assets Historical Data

The historical data trend for Planet Based Foods Global'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.

Planet Based Foods Global Total Assets Chart

Planet Based Foods Global Annual Data
Trend Dec21 Dec22
Total Assets
8.46 2.89

Planet Based Foods Global Quarterly Data
Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Total Assets Get a 7-Day Free Trial 4.59 2.89 1.55 0.89 0.80

Planet Based Foods Global 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.

Planet Based Foods Global's Total Assets for the fiscal year that ended in Dec. 2022 is calculated as

Total Assets=Total Equity (A: Dec. 2022 )+Total Liabilities (A: Dec. 2022 )
=2.247+0.647
=2.89

Planet Based Foods Global's Total Assets for the quarter that ended in Sep. 2023 is calculated as

Total Assets=Total Equity (Q: Sep. 2023 )+Total Liabilities (Q: Sep. 2023 )
=-0.629+1.426
=0.80

* 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.

Planet Based Foods Global  (XCNQ:PBF) Total Assets Explanation

Total Assets is connected with ROA %.

Planet Based Foods Global's annualized ROA % for the quarter that ended in Sep. 2023 is

ROA %=Net Income (Q: Sep. 2023 )/( (Total Assets (Q: Jun. 2023 )+Total Assets (Q: Sep. 2023 ))/ count )
=-2.82/( (0.893+0.797)/ 2 )
=-2.82/0.845
=-333.73 %

Note: The Net Income data used here is four times the quarterly (Sep. 2023) 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.

Planet Based Foods Global's Asset Turnover for the quarter that ended in Sep. 2023 is

Asset Turnover
=Revenue (Q: Sep. 2023 )/( (Total Assets (Q: Jun. 2023 )+Total Assets (Q: Sep. 2023 ))/ count )
=0.076/( (0.893+0.797)/ 2 )
=0.076/0.845
=0.09

* 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.

Planet Based Foods Global Total Assets Related Terms

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Planet Based Foods Global (XCNQ:PBF) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Planet Based Foods Global Inc (XCNQ:PBF) » Definitions » Total Assets
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Traded in Other Exchanges
PBFFF:USA AZ00:Germany
Address
1055 West Hastings Street, Suite 2250, Vancouver, BC, CAN, V6E 2E9
Website
https://www.planetbasedfoods.com
Planet Based Foods Global Inc is focused on producing natural, low processed, and nutritional choices that are better for people and the planet. The Company currently offers vegan meat alternatives derived from hemp proteins including burgers, breakfast sausages, burger crumbles, and sausage crumbles.