Vibe Growth (XCNQ:VIBE) Total Assets : C$21.31 Mil (As of Mar. 2024)

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What is Vibe Growth Total Assets?

Vibe Growth's Total Assets for the quarter that ended in Mar. 2024 was C$21.31 Mil.

During the past 12 months, Vibe Growth's average Total Assets Growth Rate was -29.40% per year. During the past 3 years, the average Total Assets Growth Rate was -0.20% per year. During the past 5 years, the average Total Assets Growth Rate was 91.50% per year. During the past 10 years, the average Total Assets Growth Rate was 39.90% per year.

During the past 12 years, Vibe Growth's highest 3-Year average Total Assets Growth Rate was 341.50%. The lowest was -47.30%. And the median was 43.30%.

Total Assets is connected with ROA %. Vibe Growth's annualized ROA % for the quarter that ended in Mar. 2024 was -18.04%. Total Assets is also linked to Revenue through Asset Turnover. Vibe Growth's Asset Turnover for the quarter that ended in Mar. 2024 was 0.19.

Vibe Growth Total Assets Historical Data

The historical data trend for Vibe Growth'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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Vibe Growth Total Assets Chart

Vibe Growth Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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16.56

23.49

42.11

35.17

21.84

Vibe Growth Quarterly Data
	Jun19	Sep19	Dec19	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															33.18	31.65	30.34	21.84	21.31

Vibe Growth 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.

Vibe Growth'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 )
	=	1.448	+	20.392
	=	21.84

Vibe Growth'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 )
	=	0.644	+	20.665
	=	21.31

Vibe Growth (XCNQ:VIBE) Total Assets Explanation

Total Assets is connected with ROA %.

Vibe Growth'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 )
	=	-3.892	/	( (21.84	+	21.31)	/ 2 )
	=	-3.892	/	21.575
	=	-18.04 %

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.

Vibe Growth'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 )
=	3.997	/	( (21.84	+	21.31)	/ 2 )
=	3.997	/	21.575
=	0.19

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.

Vibe Growth Total Assets Related Terms

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Vibe Growth (XCNQ:VIBE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Vibe Growth Corp (XCNQ:VIBE) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

VIBEF:USA

Address

997 Seymour Street, Suite 250, Vancouver, BC, CAN, V6B3M1

Website

https://www.vibebycalifornia.com

Vibe Growth Corp is engaged in evaluation, acquiring and developing cannabis cultivation, distribution and manufacturing assets and retail cannabis dispensaries, predominantly in the U.S., in order to become a vertically integrated cannabis operator. The Company currently operates five dispensaries, one distribution and two cultivation operations in the State of California plus one dispensary in Portland, Oregon.

Executives

Hadron Capital (cayman) Limited

10% Security Holder

Vibe Growth (XCNQ:VIBE) Headlines

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