Quartz Mountain Resources (Quartz Mountain Resources) Total Assets : $0.63 Mil (As of Jan. 2024)

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

What is Quartz Mountain Resources Total Assets?

Quartz Mountain Resources's Total Assets for the quarter that ended in Jan. 2024 was $0.63 Mil.

During the past 12 months, Quartz Mountain Resources's average Total Assets Growth Rate was 50.60% per year. During the past 3 years, the average Total Assets Growth Rate was 299.80% per year. During the past 5 years, the average Total Assets Growth Rate was 200.20% per year. During the past 10 years, the average Total Assets Growth Rate was 4.20% per year.

During the past 13 years, Quartz Mountain Resources's highest 3-Year average Total Assets Growth Rate was 401.30%. The lowest was -84.20%. And the median was 7.05%.

Total Assets is connected with ROA %. Quartz Mountain Resources's annualized ROA % for the quarter that ended in Jan. 2024 was -210.47%. Total Assets is also linked to Revenue through Asset Turnover. Quartz Mountain Resources's Asset Turnover for the quarter that ended in Jan. 2024 was 0.00.

Quartz Mountain Resources Total Assets Historical Data

The historical data trend for Quartz Mountain Resources'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.

Quartz Mountain Resources Total Assets Chart

Quartz Mountain Resources Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Total Assets

Get a 7-Day Free Trial

0.06

0.16

0.48

0.65

Quartz Mountain Resources Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Total Assets	Get a 7-Day Free Trial															0.60	0.68	0.65	0.88	0.63

Quartz Mountain Resources 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.

Quartz Mountain Resources's Total Assets for the fiscal year that ended in Jul. 2023 is calculated as

Total Assets	=	Total Equity (A: Jul. 2023 )	+	Total Liabilities (A: Jul. 2023 )
	=	0.599	+	0.055
	=	0.65

Quartz Mountain Resources's Total Assets for the quarter that ended in Jan. 2024 is calculated as

Total Assets	=	Total Equity (Q: Jan. 2024 )	+	Total Liabilities (Q: Jan. 2024 )
	=	0.529	+	0.098
	=	0.63

Quartz Mountain Resources (OTCPK:QZMRF) Total Assets Explanation

Total Assets is connected with ROA %.

Quartz Mountain Resources's annualized ROA % for the quarter that ended in Jan. 2024 is

ROA %	=	Net Income (Q: Jan. 2024 )	/	( (Total Assets (Q: Oct. 2023 )	+	Total Assets (Q: Jan. 2024 ))	/ count )
	=	-1.588	/	( (0.882	+	0.627)	/ 2 )
	=	-1.588	/	0.7545
	=	-210.47 %

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

Quartz Mountain Resources's Asset Turnover for the quarter that ended in Jan. 2024 is

	Asset Turnover
=	Revenue (Q: Jan. 2024 )	/	( (Total Assets (Q: Oct. 2023 )	+	Total Assets (Q: Jan. 2024 ))	/ count )
=	0	/	( (0.882	+	0.627)	/ 2 )
=	0	/	0.7545
=	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.

Quartz Mountain Resources Total Assets Related Terms

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

Quartz Mountain Resources (Quartz Mountain Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Quartz Mountain Resources Ltd (OTCPK:QZMRF) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

QZM:Canada

Address

1040 West Georgia Street, 14th Floor, Vancouver, BC, CAN, V6E 4H1

Website

https://www.quartzmountainresources.com

Quartz Mountain Resources Ltd is in the business of exploring and developing mineral properties in Canada. It is focused on acquiring, exploring, developing, and transacting important scale gold, silver, and copper deposits in British Columbia. The firm focuses on looking for new investments and business opportunities. It has the acquisition, exploration, and evaluation of mineral properties interests segment. The projects that the company holds are Maestro, Angel's Camp Property, and Jake. All the company's assets are located in Canada.