TAAT Global Alternatives Inc
TAAT Global Alternatives Inc. develops, manufactures, and distributes tobacco, hemp, and other consumer packaged goods in Canada and the United States. It also offers non-tobacco based smokable products and flavorings; and nicotine-free and tobacco-free alternatives to traditional cigarettes under the TAAT brand. The company was formerly known as TAAT Lifestyle & Wellness Ltd. and changed its nam… Read more
TAAT Global Alternatives Inc (TOBAF) - Total Assets
Latest total assets as of July 2024: $10.62 Million USD
Based on the latest financial reports, TAAT Global Alternatives Inc (TOBAF) holds total assets worth $10.62 Million USD as of July 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.
TAAT Global Alternatives Inc - Total Assets Trend (2006–2023)
This chart illustrates how TAAT Global Alternatives Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
TAAT Global Alternatives Inc - Asset Composition Analysis
Current Asset Composition (October 2023)
TAAT Global Alternatives Inc's total assets of $10.62 Million consist of 71.9% current assets and 28.1% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 4.0% |
| Accounts Receivable | $4.52 Million | 33.7% |
| Inventory | $4.20 Million | 31.3% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2006–2023)
This chart illustrates how TAAT Global Alternatives 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: TAAT Global Alternatives Inc's current assets represent 71.9% of total assets in 2023, a decrease from 100.0% in 2006.
- Cash Position: Cash and equivalents constituted 4.0% of total assets in 2023, down from 99.5% in 2006.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2006.
- Asset Diversification: The largest asset category is accounts receivable at 33.7% of total assets.
TAAT Global Alternatives Inc Competitors by Total Assets
Key competitors of TAAT Global Alternatives Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Cartel Blue Inc
PINK:CRTL
|
USA | $1.72 Million |
|
Gold Flora Corp
PINK:GRAMW
|
USA | $209.69 Million |
|
British American Tobacco Malaysia Bhd
KLSE:4162
|
Malaysia | RM1.26 Billion |
|
MERAVEST CAP.
DU:AEE1
|
Germany | €70.12 Million |
|
American Cannabis Company Inc
PINK:AMMJ
|
USA | $2.12 Million |
|
British American Tobacco p.l.c.
NYSE:BTI
|
USA | $109.29 Billion |
|
1606 Corp.
PINK:CBDW
|
USA | $14.60K |
|
Charlie's Holdings Inc.
OTCQB:CHUC
|
USA | $10.56 Million |
TAAT Global Alternatives 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
Strong asset utilization - TAAT Global Alternatives Inc generates 7.05x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - TAAT Global Alternatives Inc is currently not profitable relative to its asset base.
TAAT Global Alternatives 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 | 0.96 | 0.96 | 0.82 |
| Quick Ratio | 0.55 | 0.53 | 0.84 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-416.62K | $ -461.89K | $ -123.28K |
TAAT Global Alternatives Inc - Advanced Valuation Insights
This section examines the relationship between TAAT Global Alternatives 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 | 9.31 |
| Latest Market Cap to Assets Ratio | 0.05 |
| Asset Growth Rate (YoY) | -27.8% |
| Total Assets | $13.42 Million |
| Market Capitalization | $693.29K USD |
Valuation Analysis
Below Book Valuation: The market values TAAT Global Alternatives Inc's assets below their book value (0.05 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: TAAT Global Alternatives Inc's assets decreased by 27.8% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for TAAT Global Alternatives Inc (2006–2023)
The table below shows the annual total assets of TAAT Global Alternatives Inc from 2006 to 2023.
| Year | Total Assets | Change |
|---|---|---|
| 2023-10-31 | $13.42 Million | -27.78% |
| 2022-10-31 | $18.59 Million | -14.01% |
| 2021-10-31 | $21.61 Million | +48.04% |
| 2020-10-31 | $14.60 Million | +2416.22% |
| 2019-10-31 | $580.28K | +285.90% |
| 2018-10-31 | $150.37K | -97.21% |
| 2017-10-31 | $5.39 Million | +101.31% |
| 2016-10-31 | $2.68 Million | -12.65% |
| 2015-10-31 | $3.06 Million | -82.90% |
| 2014-10-31 | $17.92 Million | +9.93% |
| 2013-10-31 | $16.30 Million | -25.72% |
| 2012-10-31 | $21.94 Million | +1335.37% |
| 2011-10-31 | $1.53 Million | -6.46% |
| 2010-10-31 | $1.63 Million | +282.36% |
| 2009-10-31 | $427.44K | +64.07% |
| 2008-10-31 | $260.52K | -19.67% |
| 2007-10-31 | $324.33K | +117.44% |
| 2006-10-31 | $149.16K | -- |