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Silo Wellness (XCNQ:SILO) Total Assets : C$0.08 Mil (As of Jul. 2023)


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What is Silo Wellness Total Assets?

Silo Wellness's Total Assets for the quarter that ended in Jul. 2023 was C$0.08 Mil.

During the past 12 months, Silo Wellness's average Total Assets Growth Rate was -51.70% per year.

Total Assets is connected with ROA %. Silo Wellness's annualized ROA % for the quarter that ended in Jul. 2023 was -1,376.19%. Total Assets is also linked to Revenue through Asset Turnover. Silo Wellness's Asset Turnover for the quarter that ended in Jul. 2023 was 1.13.


Silo Wellness Total Assets Historical Data

The historical data trend for Silo Wellness'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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Silo Wellness Total Assets Chart

Silo Wellness Annual Data
Trend Oct20 Oct21 Oct22
Total Assets
0.42 0.76 0.09

Silo Wellness Quarterly Data
Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23
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 0.39 0.09 0.09 0.09 0.08

Silo Wellness 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.

Silo Wellness's Total Assets for the fiscal year that ended in Oct. 2022 is calculated as

Total Assets=Total Equity (A: Oct. 2022 )+Total Liabilities (A: Oct. 2022 )
=-7.261+7.348
=0.09

Silo Wellness's Total Assets for the quarter that ended in Jul. 2023 is calculated as

Total Assets=Total Equity (Q: Jul. 2023 )+Total Liabilities (Q: Jul. 2023 )
=-2.33+2.414
=0.08

* 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.


Silo Wellness  (XCNQ:SILO) Total Assets Explanation

Total Assets is connected with ROA %.

Silo Wellness's annualized ROA % for the quarter that ended in Jul. 2023 is

ROA %=Net Income (Q: Jul. 2023 )/( (Total Assets (Q: Apr. 2023 )+Total Assets (Q: Jul. 2023 ))/ count )
=-1.156/( (0.085+0.083)/ 2 )
=-1.156/0.084
=-1,376.19 %

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

Silo Wellness's Asset Turnover for the quarter that ended in Jul. 2023 is

Asset Turnover
=Revenue (Q: Jul. 2023 )/( (Total Assets (Q: Apr. 2023 )+Total Assets (Q: Jul. 2023 ))/ count )
=0.095/( (0.085+0.083)/ 2 )
=0.095/0.084
=1.13

* 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.

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.

Silo Wellness Total Assets Related Terms

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Silo Wellness (XCNQ:SILO) Business Description

Traded in Other Exchanges
N/A
Address
200 Consumers Road, Suite 702, Toronto, ON, CAN, M2J 4R4
Silo Wellness Inc operates psychedelic clinics and develops legal functional mushroom consumer products. It is focused on health and wellness by developing and introducing psychedelic medicine to reduce trauma and increase performance by destigmatizing the active compounds in psychedelics and innovating ease of administration and ingestion.
Executives
Michael Hartman Director