MJ Holdings Inc
MJ Holdings, Inc., a cannabis holding company, engages in cultivation management, asset, and infrastructure development business in Nevada. It is also involved in production of cannabis related products; and provision of management services, dispensaries, and consulting services. The company is headquartered in Las Vegas, Nevada.
MJ Holdings Inc (MJNE) - Total Assets
Latest total assets as of September 2023: $4.46 Million USD
Based on the latest financial reports, MJ Holdings Inc (MJNE) holds total assets worth $4.46 Million USD as of September 2023.
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.
MJ Holdings Inc - Total Assets Trend (2010–2022)
This chart illustrates how MJ Holdings Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
MJ Holdings Inc - Asset Composition Analysis
Current Asset Composition (December 2022)
MJ Holdings Inc's total assets of $4.46 Million consist of 31.7% current assets and 68.3% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 26.1% |
| Accounts Receivable | $222.62K | 4.3% |
| Inventory | $-274.91 Million | -5358.2% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2010–2022)
This chart illustrates how MJ 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: MJ Holdings Inc's current assets represent 31.7% of total assets in 2022, a decrease from 48.5% in 2010.
- Cash Position: Cash and equivalents constituted 26.1% of total assets in 2022, up from 11.1% in 2010.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2010.
- Asset Diversification: The largest asset category is accounts receivable at 4.3% of total assets.
MJ Holdings Inc Competitors by Total Assets
Key competitors of MJ 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 |
MJ 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
Lower asset utilization - MJ Holdings Inc generates 0.07x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - MJ Holdings Inc is currently not profitable relative to its asset base.
MJ 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 | 0.35 | 0.61 | 1.87 |
| Quick Ratio | 140.86 | 0.61 | 0.41 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-1.43 Million | $ -1.91 Million | $ 1.14 Million |
MJ Holdings Inc - Advanced Valuation Insights
This section examines the relationship between MJ 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 | 0.00 |
| Latest Market Cap to Assets Ratio | 0.00 |
| Asset Growth Rate (YoY) | -42.0% |
| Total Assets | $5.13 Million |
| Market Capitalization | $1.94K USD |
Valuation Analysis
Below Book Valuation: The market values MJ 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: MJ Holdings Inc's assets decreased by 42.0% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for MJ Holdings Inc (2010–2022)
The table below shows the annual total assets of MJ Holdings Inc from 2010 to 2022.
| Year | Total Assets | Change |
|---|---|---|
| 2022-12-31 | $5.13 Million | -41.98% |
| 2021-12-31 | $8.84 Million | +18.05% |
| 2020-12-31 | $7.49 Million | +31.85% |
| 2019-12-31 | $5.68 Million | +97.26% |
| 2018-12-31 | $2.88 Million | 0.00% |
| 2017-12-31 | $2.88 Million | -34.01% |
| 2016-12-31 | $4.36 Million | +1.90% |
| 2015-12-31 | $4.28 Million | +25.45% |
| 2014-12-31 | $3.41 Million | +714108.37% |
| 2013-12-31 | $478.00 | -91.33% |
| 2012-12-31 | $5.51K | -9.55% |
| 2011-12-31 | $6.10K | +64.76% |
| 2010-12-31 | $3.70K | -- |