Acreage Holdings Inc
Acreage Holdings, Inc. operates in cannabis industry in the United States. It cultivates and processes cannabis plants; manufactures branded consumer products; distributes cannabis flower and manufactured products; and retails dosable cannabis products to consumers. The company serves medical and adult recreational use customers in Connecticut, Illinois, Maine, Massachusetts, New Jersey, New York… Read more
Acreage Holdings Inc (ACRDF) - Total Assets
Latest total assets as of June 2024: $296.07 Million USD
Based on the latest financial reports, Acreage Holdings Inc (ACRDF) holds total assets worth $296.07 Million USD as of June 2024.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
Acreage Holdings Inc - Total Assets Trend (2017–2023)
This chart illustrates how Acreage Holdings Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Acreage Holdings Inc - Asset Composition Analysis
Current Asset Composition (December 2023)
Acreage Holdings Inc's total assets of $296.07 Million consist of 25.6% current assets and 74.4% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 4.3% |
| Accounts Receivable | $8.46 Million | 2.6% |
| Inventory | $47.67 Million | 14.9% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $31.04 Million | 9.7% |
| Goodwill | $13.35 Million | 4.2% |
Asset Composition Trend (2017–2023)
This chart illustrates how Acreage Holdings Inc's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Acreage Holdings Inc's current assets represent 25.6% of total assets in 2023, a decrease from 3683223.4% in 2017.
- Cash Position: Cash and equivalents constituted 4.3% of total assets in 2023, down from 100.0% in 2017.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 13.0% of total assets, an increase from 0.0% in 2017.
- Asset Diversification: The largest asset category is inventory at 14.9% of total assets.
Acreage Holdings Inc Competitors by Total Assets
Key competitors of Acreage Holdings Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Swedish Orphan Biovitrum AB (publ)
PINK:BIOVF
|
USA | $67.26 Billion |
|
Kamada
NASDAQ:KMDA
|
USA | $378.79 Million |
|
One World Pharma Inc
OTCQB:OWPC
|
USA | $6.62 Million |
|
Dongwha Pharm.Co.Ltd
KO:000020
|
Korea | ₩654.63 Billion |
|
Shenzhen Neptunus Bioengineering Co Ltd
SHE:000078
|
China | CN¥27.28 Billion |
|
Yuhan Corp.
KO:000100
|
Korea | ₩3.05 Trillion |
|
Anhui Fengyuan Pharmaceutical Co Ltd
SHE:000153
|
China | CN¥4.97 Billion |
|
Kotra Industries Bhd
KLSE:0002
|
Malaysia | RM363.90 Million |
Acreage Holdings Inc - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Moderate asset utilization - Acreage Holdings Inc generates 0.70x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Acreage Holdings Inc is currently not profitable relative to its asset base.
Acreage Holdings Inc - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 1.03 | 1.00 | 4.31 |
| Quick Ratio | 0.42 | 0.49 | 2.54 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $1.55 Million | $ -167.00K | $ 71.29 Million |
Acreage Holdings Inc - Advanced Valuation Insights
This section examines the relationship between Acreage Holdings Inc's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 0.59 |
| Latest Market Cap to Assets Ratio | 0.00 |
| Asset Growth Rate (YoY) | -11.2% |
| Total Assets | $320.29 Million |
| Market Capitalization | $13.48K USD |
Valuation Analysis
Below Book Valuation: The market values Acreage Holdings Inc's assets below their book value (0.00 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Acreage Holdings Inc's assets decreased by 11.2% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Acreage Holdings Inc (2017–2023)
The table below shows the annual total assets of Acreage Holdings Inc from 2017 to 2023.
| Year | Total Assets | Change |
|---|---|---|
| 2023-12-31 | $320.29 Million | -11.17% |
| 2022-12-31 | $360.57 Million | -26.65% |
| 2021-12-31 | $491.55 Million | -12.54% |
| 2020-12-31 | $562.05 Million | -18.74% |
| 2019-12-31 | $691.68 Million | +20.96% |
| 2018-12-31 | $571.82 Million | +120502502.58% |
| 2017-12-31 | $474.53 | -- |