QMC Quantum Minerals (QMC Quantum Minerals) Total Assets : $4.75 Mil (As of Feb. 2024)

View and export this data going back to 2012. Start your Free Trial

What is QMC Quantum Minerals Total Assets?

QMC Quantum Minerals's Total Assets for the quarter that ended in Feb. 2024 was $4.75 Mil.

During the past 12 months, QMC Quantum Minerals's average Total Assets Growth Rate was 9.80% per year. During the past 3 years, the average Total Assets Growth Rate was 5.40% per year. During the past 5 years, the average Total Assets Growth Rate was 7.90% per year. During the past 10 years, the average Total Assets Growth Rate was 6.70% per year.

During the past 13 years, QMC Quantum Minerals's highest 3-Year average Total Assets Growth Rate was 69.10%. The lowest was -10.00%. And the median was 5.40%.

Total Assets is connected with ROA %. QMC Quantum Minerals's annualized ROA % for the quarter that ended in Feb. 2024 was -5.97%. Total Assets is also linked to Revenue through Asset Turnover. QMC Quantum Minerals's Asset Turnover for the quarter that ended in Feb. 2024 was 0.00.

QMC Quantum Minerals Total Assets Historical Data

The historical data trend for QMC Quantum Minerals'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.

QMC Quantum Minerals Total Assets Chart

QMC Quantum Minerals Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Total Assets

Get a 7-Day Free Trial

3.57

3.81

4.44

4.42

4.56

QMC Quantum Minerals Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Total Assets	Get a 7-Day Free Trial															4.51	4.52	4.56	4.50	4.75

QMC Quantum Minerals 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.

QMC Quantum Minerals's Total Assets for the fiscal year that ended in Aug. 2023 is calculated as

Total Assets	=	Total Equity (A: Aug. 2023 )	+	Total Liabilities (A: Aug. 2023 )
	=	2.443	+	2.12
	=	4.56

QMC Quantum Minerals's Total Assets for the quarter that ended in Feb. 2024 is calculated as

Total Assets	=	Total Equity (Q: Feb. 2024 )	+	Total Liabilities (Q: Feb. 2024 )
	=	2.577	+	2.169
	=	4.75

QMC Quantum Minerals (OTCPK:QMCQF) Total Assets Explanation

Total Assets is connected with ROA %.

QMC Quantum Minerals's annualized ROA % for the quarter that ended in Feb. 2024 is

ROA %	=	Net Income (Q: Feb. 2024 )	/	( (Total Assets (Q: Nov. 2023 )	+	Total Assets (Q: Feb. 2024 ))	/ count )
	=	-0.276	/	( (4.496	+	4.745)	/ 2 )
	=	-0.276	/	4.6205
	=	-5.97 %

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

QMC Quantum Minerals's Asset Turnover for the quarter that ended in Feb. 2024 is

	Asset Turnover
=	Revenue (Q: Feb. 2024 )	/	( (Total Assets (Q: Nov. 2023 )	+	Total Assets (Q: Feb. 2024 ))	/ count )
=	0	/	( (4.496	+	4.745)	/ 2 )
=	0	/	4.6205
=	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.

QMC Quantum Minerals Total Assets Related Terms

Thank you for viewing the detailed overview of QMC Quantum Minerals's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

QMC Quantum Minerals (QMC Quantum Minerals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » QMC Quantum Minerals Corp (OTCPK:QMCQF) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

QMC:Canada

Address

755 Burrard Street, Suite 440, Vancouver, BC, CAN, V6Z 1X6

Website

https://www.qmcminerals.com

QMC Quantum Minerals Corp is a company engaged in the acquisition, exploration and development of resource properties. Its objective is to acquire, locate and develop economic deposits within the company's precious, base, rare metal resource properties of merit. The company's properties include the Irgon Lithium Mine Project, the Rocky Lake property, Rocky-Namew and Namew Lake properties.