TAAT Global Alternatives (XCNQ:TAAT) Total Assets : C$16.80 Mil (As of Jul. 2023)

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What is TAAT Global Alternatives Total Assets?

TAAT Global Alternatives's Total Assets for the quarter that ended in Jul. 2023 was C$16.80 Mil.

During the past 12 months, TAAT Global Alternatives's average Total Assets Growth Rate was -21.60% per year. During the past 3 years, the average Total Assets Growth Rate was 324.00% per year. During the past 5 years, the average Total Assets Growth Rate was 113.10% per year. During the past 10 years, the average Total Assets Growth Rate was -12.00% per year.

During the past 13 years, TAAT Global Alternatives's highest 3-Year average Total Assets Growth Rate was 753.20%. The lowest was -68.10%. And the median was 162.50%.

Total Assets is connected with ROA %. TAAT Global Alternatives's annualized ROA % for the quarter that ended in Jul. 2023 was -129.47%. Total Assets is also linked to Revenue through Asset Turnover. TAAT Global Alternatives's Asset Turnover for the quarter that ended in Jul. 2023 was 1.45.

TAAT Global Alternatives Total Assets Historical Data

The historical data trend for TAAT Global Alternatives'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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TAAT Global Alternatives Total Assets Chart

TAAT Global Alternatives Annual Data

Trend

Oct13

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Total Assets

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0.15

0.58

14.60

21.62

18.59

TAAT Global Alternatives Quarterly Data
	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23
Total Assets	Get a 7-Day Free Trial															23.38	18.59	18.35	17.38	16.80

TAAT Global Alternatives 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.

TAAT Global Alternatives'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 )
	=	8.797	+	9.789
	=	18.59

TAAT Global Alternatives'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 )
	=	2.888	+	13.913
	=	16.80

TAAT Global Alternatives (XCNQ:TAAT) Total Assets Explanation

Total Assets is connected with ROA %.

TAAT Global Alternatives'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 )
	=	-22.128	/	( (17.381	+	16.801)	/ 2 )
	=	-22.128	/	17.091
	=	-129.47 %

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.

TAAT Global Alternatives'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 )
=	24.717	/	( (17.381	+	16.801)	/ 2 )
=	24.717	/	17.091
=	1.45

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.

TAAT Global Alternatives Total Assets Related Terms

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TAAT Global Alternatives (XCNQ:TAAT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » TAAT Global Alternatives Inc (XCNQ:TAAT) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

TOBAF:USA 2TP0:Germany

Address

789 West Pender Street, Suite 810, Vancouver, BC, CAN, V6C1H2

Website

https://www.taatglobal.com

TAAT Global Alternatives Inc is a Canada-based company, which develops, manufactures, and distributes alternative product categories such as tobacco, hemp, and other emerging CPG segments. The company has two reportable segments, the sale of non-tobacco and tobacco products. The company generates the majority of its revenue from the tobacco products segment.

TAAT Global Alternatives (XCNQ:TAAT) Headlines

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