GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Cannovum Cannabis AG (XTER:27N0) » Definitions » Total Assets

Cannovum Cannabis AG (XTER:27N0) Total Assets : €1.29 Mil (As of Jun. 2024)


View and export this data going back to 2022. Start your Free Trial

What is Cannovum Cannabis AG Total Assets?

Cannovum Cannabis AG's Total Assets for the quarter that ended in Jun. 2024 was €1.29 Mil.

During the past 12 months, Cannovum Cannabis AG's average Total Assets Growth Rate was -4.80% per year. During the past 3 years, the average Total Assets Growth Rate was -66.30% per year.

During the past 4 years, Cannovum Cannabis AG's highest 3-Year average Total Assets Growth Rate was -66.30%. The lowest was -66.30%. And the median was -66.30%.

Total Assets is connected with ROA %. Cannovum Cannabis AG's annualized ROA % for the quarter that ended in Jun. 2024 was -37.15%. Total Assets is also linked to Revenue through Asset Turnover. Cannovum Cannabis AG's Asset Turnover for the quarter that ended in Jun. 2024 was 0.00.

Cannovum Cannabis AG Total Assets Historical Data

The historical data trend for Cannovum Cannabis AG'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.

Cannovum Cannabis AG Total Assets Chart

Cannovum Cannabis AG Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Total Assets
10.69 11.60 2.67 0.41

Cannovum Cannabis AG Semi-Annual Data
Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Total Assets Get a 7-Day Free Trial Premium Member Only 12.28 2.67 1.36 0.41 1.29

Cannovum Cannabis AG 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.

Cannovum Cannabis AG'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 )
=0.136+0.272
=0.41

Cannovum Cannabis AG's Total Assets for the quarter that ended in Jun. 2024 is calculated as

Total Assets=Total Equity (Q: Jun. 2024 )+Total Liabilities (Q: Jun. 2024 )
=0.868+0.426
=1.29

* 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.

Cannovum Cannabis AG  (XTER:27N0) Total Assets Explanation

Total Assets is connected with ROA %.

Cannovum Cannabis AG's annualized ROA % for the quarter that ended in Jun. 2024 is

ROA %=Net Income (Q: Jun. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Jun. 2024 ))/ count )
=-0.316/( (0.408+1.293)/ 2 )
=-0.316/0.8505
=-37.15 %

Note: The Net Income data used here is two times the semi-annual (Jun. 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.

Cannovum Cannabis AG's Asset Turnover for the quarter that ended in Jun. 2024 is

Asset Turnover
=Revenue (Q: Jun. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Jun. 2024 ))/ count )
=0/( (0.408+1.293)/ 2 )
=0/0.8505
=0.00

* 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.

Cannovum Cannabis AG Total Assets Related Terms

Thank you for viewing the detailed overview of Cannovum Cannabis AG's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

Cannovum Cannabis AG Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Cannovum Cannabis AG (XTER:27N0) » Definitions » Total Assets
Comparable Companies
XTER:PA8 ZTS XTER:MRK TSE:4502 LSE:HLN NSE:SUNPHARMA TSE:4523 TSE:4507 SZSE:000538 XSWX:SDZ HKSE:03692 NBIX NSE:DIVISLAB BOM:500124 VTRS SZSE:000963 XPAR:IPN SHSE:600085 XTAE:TEVA SHSE:600196
Traded in Other Exchanges
27N0:Germany 27N0:Germany
Address
Rheinsberger Street 76/77, Berlin, BB, DEU, 10115
Website
https://www.cannovum.de
Cannovum Cannabis AG is a fully licensed pharmaceutical wholesaler, importer, and manufacturer of high-quality medical cannabis products based in Berlin. It focuses on the import of medical cannabis, medical-scientific education, and distribution for facilitated access to cannabis-based therapies.

Cannovum Cannabis AG Headlines

No Headlines