Clean Air Metals (Clean Air Metals) Total Assets : $29.07 Mil (As of Oct. 2023)

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What is Clean Air Metals Total Assets?

Clean Air Metals's Total Assets for the quarter that ended in Oct. 2023 was $29.07 Mil.

During the past 12 months, Clean Air Metals's average Total Assets Growth Rate was -20.60% per year. During the past 3 years, the average Total Assets Growth Rate was 340.60% per year.

During the past 5 years, Clean Air Metals's highest 3-Year average Total Assets Growth Rate was 1192.10%. The lowest was 340.60%. And the median was 766.35%.

Total Assets is connected with ROA %. Clean Air Metals's annualized ROA % for the quarter that ended in Oct. 2023 was -9.89%. Total Assets is also linked to Revenue through Asset Turnover. Clean Air Metals's Asset Turnover for the quarter that ended in Oct. 2023 was 0.00.

Clean Air Metals Total Assets Historical Data

The historical data trend for Clean Air Metals's Total Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Clean Air Metals Total Assets Chart

Clean Air Metals Annual Data

Trend

Jan19

Jan20

Jan21

Jan22

Jan23

Total Assets

0.54

1.50

21.33

27.78

31.51

Clean Air Metals Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Total Assets	Get a 7-Day Free Trial															30.89	31.51	30.89	30.72	29.07

Clean Air Metals Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

Clean Air Metals's Total Assets for the fiscal year that ended in Jan. 2023 is calculated as

Total Assets	=	Total Equity (A: Jan. 2023 )	+	Total Liabilities (A: Jan. 2023 )
	=	28.955	+	2.553
	=	31.51

Clean Air Metals's Total Assets for the quarter that ended in Oct. 2023 is calculated as

Total Assets	=	Total Equity (Q: Oct. 2023 )	+	Total Liabilities (Q: Oct. 2023 )
	=	26.519	+	2.547
	=	29.07

Clean Air Metals (OTCPK:CLRMF) Total Assets Explanation

Total Assets is connected with ROA %.

Clean Air Metals's annualized ROA % for the quarter that ended in Oct. 2023 is

ROA %	=	Net Income (Q: Oct. 2023 )	/	( (Total Assets (Q: Jul. 2023 )	+	Total Assets (Q: Oct. 2023 ))	/ count )
	=	-2.956	/	( (30.716	+	29.066)	/ 2 )
	=	-2.956	/	29.891
	=	-9.89 %

Note: The Net Income data used here is four times the quarterly (Oct. 2023) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Clean Air Metals's Asset Turnover for the quarter that ended in Oct. 2023 is

	Asset Turnover
=	Revenue (Q: Oct. 2023 )	/	( (Total Assets (Q: Jul. 2023 )	+	Total Assets (Q: Oct. 2023 ))	/ count )
=	0	/	( (30.716	+	29.066)	/ 2 )
=	0	/	29.891
=	0.00

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Clean Air Metals Total Assets Related Terms

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Clean Air Metals (Clean Air Metals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Clean Air Metals Inc (OTCPK:CLRMF) » Definitions » Total Assets

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Traded in Other Exchanges

AIR:Canada

Address

100 King Street West, Suite 3400, Toronto, ON, CAN, M5X 1A4

Website

https://www.cleanairmetals.ca

Clean Air Metals Inc is engaged in mineral exploration and evaluation. The projects of the company include Thunder Bay North Property, Located approximately 50km northeast of the city of Thunder Bay, within the Thunder Bay Mining Division, in Ontario, Canada and Triple Flag Net Smelter Royalty.