Aurora Cannabis Stock Total Asset

ACB Stock  USD 4.39  0.36  7.58%   
Aurora Cannabis fundamentals help investors to digest information that contributes to Aurora Cannabis' financial success or failures. It also enables traders to predict the movement of Aurora Stock. The fundamental analysis module provides a way to measure Aurora Cannabis' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Aurora Cannabis stock.
As of March 29, 2024, Total Assets is expected to decline to about 982.1 M.
  
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Aurora Total Asset Analysis

Aurora Cannabis' Total Asset is everything that a business owns. It is the sum of current and long-term assets owned by a firm at a given time. These assets are listed on a balance sheet and typically valued based on their purchasing prices, not the current market value.
 2021 2022 2023 2024 (projected)
Reconciled Depreciation93.7M65.2M75.0M74.4M
Interest Income4.5M9.9M8.9M8.4M

Total Asset

 = 

Tangible Assets

+

Intangible Assets

More About Total Asset | All Equity Analysis

Current Aurora Cannabis Total Asset

    
  926.32 M  
Most of Aurora Cannabis' fundamental indicators, such as Total Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Aurora Cannabis is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Aurora Total Asset Driver Correlations

Understanding the fundamental principles of building solid financial models for Aurora Cannabis is extremely important. It helps to project a fair market value of Aurora Stock properly, considering its historical fundamentals such as Total Asset. Since Aurora Cannabis' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Aurora Cannabis' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Aurora Cannabis' interrelated accounts and indicators.
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Click cells to compare fundamentals

Aurora Total Asset Historical Pattern

Today, most investors in Aurora Cannabis Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Aurora Cannabis' growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's total asset growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Aurora Cannabis total asset as a starting point in their analysis.
   Aurora Cannabis Total Asset   
       Timeline  
Total Asset is typically divided on the balance sheet on current asset and long-term asset. Long-term is the value of company property and other capital assets that are expected to be useable for more than one year. Long term assets are reported net of depreciation. On the other hand current assets are assets that are expected to be sold or converted to cash as part of normal business operation.
Competition

Aurora Total Assets

Total Assets

982.1 Million

At present, Aurora Cannabis' Total Assets are projected to increase significantly based on the last few years of reporting.
Based on the latest financial disclosure, Aurora Cannabis has a Total Asset of 926.32 M. This is 87.68% lower than that of the Pharmaceuticals sector and significantly higher than that of the Health Care industry. The total asset for all United States stocks is 96.86% higher than that of the company.

Aurora Total Asset Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Aurora Cannabis' direct or indirect competition against its Total Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Aurora Cannabis could also be used in its relative valuation, which is a method of valuing Aurora Cannabis by comparing valuation metrics of similar companies.
Aurora Cannabis is currently under evaluation in total asset category among related companies.

Aurora Cannabis Institutional Holders

Institutional Holdings refers to the ownership stake in Aurora Cannabis that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Aurora Cannabis' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Aurora Cannabis' value.
Shares
Two Sigma Advisers, Llc2023-12-31
294.8 K
Amvescap Plc.2023-12-31
269.4 K
Barclays Plc2023-12-31
222.6 K
Greenwich Wealth Management Llc2023-12-31
200 K
Mackenzie Investments2023-12-31
200 K
Commonwealth Equity Services Inc2023-12-31
198.6 K
Lpl Financial Corp2023-12-31
171.8 K
Goldman Sachs Group Inc2023-09-30
167.3 K
Creative Planning Inc2023-12-31
152.6 K
Renaissance Technologies Corp2023-12-31
10.3 M
Mirae Asset Global Investments (korea) Co Ltd2023-12-31
2.6 M

Aurora Fundamentals

About Aurora Cannabis Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Aurora Cannabis's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Aurora Cannabis using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Aurora Cannabis based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Last ReportedProjected for 2024
Total Assets1.1 B982.1 M

Pair Trading with Aurora Cannabis

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Aurora Cannabis position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Aurora Cannabis will appreciate offsetting losses from the drop in the long position's value.

Moving against Aurora Stock

  0.82MGNX MacroGenics Financial Report 14th of May 2024 PairCorr
  0.7EQ Equillium Financial Report 9th of May 2024 PairCorr
  0.66MDWD Mediwound Downward RallyPairCorr
  0.57CLVRW Clever Leaves HoldingsPairCorr
The ability to find closely correlated positions to Aurora Cannabis could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aurora Cannabis when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Aurora Cannabis - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Aurora Cannabis to buy it.
The correlation of Aurora Cannabis is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Aurora Cannabis moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aurora Cannabis moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Aurora Cannabis can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Aurora Cannabis offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Aurora Cannabis' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Aurora Cannabis Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Aurora Cannabis Stock:
Check out Aurora Cannabis Piotroski F Score and Aurora Cannabis Altman Z Score analysis.
For information on how to trade Aurora Stock refer to our How to Trade Aurora Stock guide.
Note that the Aurora Cannabis information on this page should be used as a complementary analysis to other Aurora Cannabis' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.

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When running Aurora Cannabis' price analysis, check to measure Aurora Cannabis' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Aurora Cannabis is operating at the current time. Most of Aurora Cannabis' value examination focuses on studying past and present price action to predict the probability of Aurora Cannabis' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aurora Cannabis' price. Additionally, you may evaluate how the addition of Aurora Cannabis to your portfolios can decrease your overall portfolio volatility.
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Is Aurora Cannabis' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Aurora Cannabis. If investors know Aurora will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Aurora Cannabis listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.92)
Earnings Share
(58.28)
Revenue Per Share
6.784
Quarterly Revenue Growth
0.055
Return On Assets
(0.08)
The market value of Aurora Cannabis is measured differently than its book value, which is the value of Aurora that is recorded on the company's balance sheet. Investors also form their own opinion of Aurora Cannabis' value that differs from its market value or its book value, called intrinsic value, which is Aurora Cannabis' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Aurora Cannabis' market value can be influenced by many factors that don't directly affect Aurora Cannabis' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Aurora Cannabis' value and its price as these two are different measures arrived at by different means. Investors typically determine if Aurora Cannabis is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Aurora Cannabis' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.