Goldstorm Metals (Goldstorm Metals) Total Assets : $11.69 Mil (As of Sep. 2023)

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What is Goldstorm Metals Total Assets?

Goldstorm Metals's Total Assets for the quarter that ended in Sep. 2023 was $11.69 Mil.

Total Assets is connected with ROA %. Goldstorm Metals's annualized ROA % for the quarter that ended in Sep. 2023 was -3.55%. Total Assets is also linked to Revenue through Asset Turnover. Goldstorm Metals's Asset Turnover for the quarter that ended in Sep. 2023 was 0.00.

Goldstorm Metals Total Assets Historical Data

The historical data trend for Goldstorm 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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Goldstorm Metals Total Assets Chart

Goldstorm Metals Annual Data

Trend

Mar22

Mar23

Total Assets

11.81

Goldstorm Metals Quarterly Data
	Sep21	Mar22	Jun22	Sep22	Mar23	Jun23	Sep23
Total Assets	Get a 7-Day Free Trial			-	0.33	11.81	11.96	11.69

Goldstorm 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.

Goldstorm Metals's Total Assets for the fiscal year that ended in Mar. 2023 is calculated as

Total Assets	=	Total Equity (A: Mar. 2023 )	+	Total Liabilities (A: Mar. 2023 )
	=	11.627	+	0.179
	=	11.81

Goldstorm Metals's Total Assets for the quarter that ended in Sep. 2023 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2023 )	+	Total Liabilities (Q: Sep. 2023 )
	=	11.504	+	0.184
	=	11.69

Goldstorm Metals (OTCPK:GSTMF) Total Assets Explanation

Total Assets is connected with ROA %.

Goldstorm Metals's annualized ROA % for the quarter that ended in Sep. 2023 is

ROA %	=	Net Income (Q: Sep. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
	=	-0.42	/	( (11.962	+	11.689)	/ 2 )
	=	-0.42	/	11.8255
	=	-3.55 %

Note: The Net Income data used here is four times the quarterly (Sep. 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.

Goldstorm Metals's Asset Turnover for the quarter that ended in Sep. 2023 is

	Asset Turnover
=	Revenue (Q: Sep. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
=	0	/	( (11.962	+	11.689)	/ 2 )
=	0	/	11.8255
=	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.

Goldstorm Metals Total Assets Related Terms

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Goldstorm Metals (Goldstorm Metals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Goldstorm Metals Corp (OTCPK:GSTMF) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

B2U:Germany GSTM:Canada

Address

999 West Hastings Street, Suite 789, Vancouver, BC, CAN, V6C 2W2

Website

https://www.goldstormmetals.com

Goldstorm Metals Corp is a metal exploration company. The company is a New Precious Metals Explorer in the Golden Triangle of British Columbia that hosts gold deposits in world. The company is involved in the acquisition and exploration of mineral properties in Canada focused on Crown projects.

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