Globex Mining Enterprises (Globex Mining Enterprises) Total Assets : $24.32 Mil (As of Mar. 2024)

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What is Globex Mining Enterprises Total Assets?

Globex Mining Enterprises's Total Assets for the quarter that ended in Mar. 2024 was $24.32 Mil.

Warning Sign:

If a company builds assets at 40.4% a year, faster than its revenue growth rate of 6.1% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Globex Mining Enterprises's average Total Assets Growth Rate was -16.30% per year. During the past 3 years, the average Total Assets Growth Rate was 70.50% per year. During the past 5 years, the average Total Assets Growth Rate was 40.40% per year. During the past 10 years, the average Total Assets Growth Rate was -3.20% per year.

During the past 13 years, Globex Mining Enterprises's highest 3-Year average Total Assets Growth Rate was 106.20%. The lowest was -59.00%. And the median was 5.80%.

Total Assets is connected with ROA %. Globex Mining Enterprises's annualized ROA % for the quarter that ended in Mar. 2024 was 0.33%. Total Assets is also linked to Revenue through Asset Turnover. Globex Mining Enterprises's Asset Turnover for the quarter that ended in Mar. 2024 was 0.01.

Globex Mining Enterprises Total Assets Historical Data

The historical data trend for Globex Mining Enterprises'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.

* Premium members only.

Globex Mining Enterprises Total Assets Chart

Globex Mining Enterprises Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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4.40

9.40

29.30

23.01

24.17

Globex Mining Enterprises Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															22.93	23.30	21.16	24.17	24.32

Globex Mining Enterprises 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.

Globex Mining Enterprises's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	24.04	+	0.127
	=	24.17

Globex Mining Enterprises's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	23.804	+	0.519
	=	24.32

Globex Mining Enterprises (OTCPK:GLBXF) Total Assets Explanation

Total Assets is connected with ROA %.

Globex Mining Enterprises's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	0.08	/	( (24.168	+	24.323)	/ 2 )
	=	0.08	/	24.2455
	=	0.33 %

Note: The Net Income data used here is four times the quarterly (Mar. 2024) 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.

Globex Mining Enterprises's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	0.326	/	( (24.168	+	24.323)	/ 2 )
=	0.326	/	24.2455
=	0.01

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.

Globex Mining Enterprises Total Assets Related Terms

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Globex Mining Enterprises (Globex Mining Enterprises) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Globex Mining Enterprises Inc (OTCPK:GLBXF) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

G1MN:Germany G1MN:Germany GMX:Canada

Address

89 Belsize Drive, Toronto, ON, CAN, M4S 1L3

Website

https://www.globexmining.com

Globex Mining Enterprises Inc is a Canada-based exploration company. The company is engaged in the acquisition, development, and exploration of mineral properties in North America. The company's mineral portfolio consists of early to mid-stage exploration, development and royalty properties which contain Base Metals, Specialty Metals and Minerals and Industrial Minerals.