West Island Brands Inc
West Island Brands Inc. operates as a cannabis company in Canada. It offers its products under the OUEST, CITOYEN, and Silk Road brand names. The company was formerly known as Matica Enterprises Inc. and changed its name to West Island Brands Inc. in October 2021. West Island Brands Inc. was incorporated in 2007 and is based in Toronto, Canada.
West Island Brands Inc (WIBFF) - Total Assets
Latest total assets as of September 2022: $6.42 Million USD
Based on the latest financial reports, West Island Brands Inc (WIBFF) holds total assets worth $6.42 Million USD as of September 2022.
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.
West Island Brands Inc - Total Assets Trend (2007–2021)
This chart illustrates how West Island Brands Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
West Island Brands Inc - Asset Composition Analysis
Current Asset Composition (December 2021)
West Island Brands Inc's total assets of $6.42 Million consist of 28.7% current assets and 71.3% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 3.3% |
| Accounts Receivable | $708.34K | 11.5% |
| Inventory | $461.28K | 7.5% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $1.14 Million | 18.6% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2007–2021)
This chart illustrates how West Island Brands 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: West Island Brands Inc's current assets represent 28.7% of total assets in 2021, a decrease from 100.0% in 2007.
- Cash Position: Cash and equivalents constituted 3.3% of total assets in 2021, down from 96.5% in 2007.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 18.0% of total assets, an increase from 0.0% in 2007.
- Asset Diversification: The largest asset category is intangible assets at 18.6% of total assets.
West Island Brands Inc Competitors by Total Assets
Key competitors of West Island Brands 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 |
West Island Brands 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 - West Island Brands Inc generates 0.38x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - West Island Brands Inc is currently not profitable relative to its asset base.
West Island Brands 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 | 0.97 | 3.45 | 21.39 |
| Quick Ratio | 0.68 | 0.95 | 21.39 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-82.59K | $ 2.59 Million | $ 4.67 Million |
West Island Brands Inc - Advanced Valuation Insights
This section examines the relationship between West Island Brands 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 | 0.03 |
| Latest Market Cap to Assets Ratio | 0.01 |
| Asset Growth Rate (YoY) | -34.3% |
| Total Assets | $6.14 Million |
| Market Capitalization | $50.21K USD |
Valuation Analysis
Below Book Valuation: The market values West Island Brands Inc's assets below their book value (0.01 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: West Island Brands Inc's assets decreased by 34.3% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for West Island Brands Inc (2007–2021)
The table below shows the annual total assets of West Island Brands Inc from 2007 to 2021.
| Year | Total Assets | Change |
|---|---|---|
| 2021-12-31 | $6.14 Million | -34.34% |
| 2020-12-31 | $9.35 Million | -37.54% |
| 2019-12-31 | $14.97 Million | +1.66% |
| 2018-12-31 | $14.73 Million | +69.17% |
| 2017-12-31 | $8.71 Million | +4797.32% |
| 2016-12-31 | $177.78K | -3.00% |
| 2015-12-31 | $183.29K | -84.97% |
| 2014-12-31 | $1.22 Million | +437.58% |
| 2013-12-31 | $226.83K | +21.30% |
| 2012-12-31 | $186.99K | -32.56% |
| 2011-12-31 | $277.27K | +733.95% |
| 2010-12-31 | $33.25K | -84.90% |
| 2009-12-31 | $220.20K | +50.21% |
| 2008-12-31 | $146.59K | +41.50% |
| 2007-12-31 | $103.60K | -- |