Patriot Battery Metals (Patriot Battery Metals) Total Assets : $171.82 Mil (As of Dec. 2023)

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What is Patriot Battery Metals Total Assets?

Patriot Battery Metals's Total Assets for the quarter that ended in Dec. 2023 was $171.82 Mil.

During the past 12 months, Patriot Battery Metals's average Total Assets Growth Rate was 259.60% per year. During the past 3 years, the average Total Assets Growth Rate was 166.60% per year. During the past 5 years, the average Total Assets Growth Rate was 89.80% per year. During the past 10 years, the average Total Assets Growth Rate was 81.20% per year.

During the past 13 years, Patriot Battery Metals's highest 3-Year average Total Assets Growth Rate was 166.60%. The lowest was -40.60%. And the median was 58.85%.

Total Assets is connected with ROA %. Patriot Battery Metals's annualized ROA % for the quarter that ended in Dec. 2023 was 4.21%. Total Assets is also linked to Revenue through Asset Turnover. Patriot Battery Metals's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Patriot Battery Metals Total Assets Historical Data

The historical data trend for Patriot Battery 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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Patriot Battery Metals Total Assets Chart

Patriot Battery Metals Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Total Assets

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2.30

2.11

3.47

21.03

78.73

Patriot Battery Metals Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial															39.78	78.73	79.40	162.90	171.82

Patriot Battery 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.

Patriot Battery 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 )
	=	51.161	+	27.565
	=	78.73

Patriot Battery Metals's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	147.416	+	24.404
	=	171.82

Patriot Battery Metals (OTCPK:PMETF) Total Assets Explanation

Total Assets is connected with ROA %.

Patriot Battery Metals's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	7.04	/	( (162.902	+	171.82)	/ 2 )
	=	7.04	/	167.361
	=	4.21 %

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

Patriot Battery Metals's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	0	/	( (162.902	+	171.82)	/ 2 )
=	0	/	167.361
=	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.

Patriot Battery Metals Total Assets Related Terms

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Patriot Battery Metals (Patriot Battery Metals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Patriot Battery Metals Inc (OTCPK:PMETF) » Definitions » Total Assets

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Traded in Other Exchanges

R9G:Germany PMET:Canada PMT:Australia

Address

838 W Hastings Street, Suite 700, Vancouver, BC, CAN, V6C 0A6

Website

https://www.patriotbatterymetals.com

Patriot Battery Metals Inc is a mineral exploration company focused on the acquisition and development of mineral projects containing the battery, base and precious metals. The company's flagship assets are the wholly-owned Corvette Property, the FCI Property located in the James Bay Region of Quebec and the Freeman Creek Gold Property, located in Idaho, USA. In addition, the company holds the Pontax Lithium-Gold Property, QC; the Golden Silica Property, BC; and the Hidden Lake Lithium Property, NWT, where the company maintains a 40% interest, as well as several other assets in Canada.