Canada Rare Earth (Canada Rare Earth) Total Assets : $2.36 Mil (As of Dec. 2023)

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What is Canada Rare Earth Total Assets?

Canada Rare Earth's Total Assets for the quarter that ended in Dec. 2023 was $2.36 Mil.

Warning Sign:

If a company builds assets at 26.9% a year, faster than its revenue growth rate of 5% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Canada Rare Earth's average Total Assets Growth Rate was 84.80% per year. During the past 3 years, the average Total Assets Growth Rate was 16.00% per year. During the past 5 years, the average Total Assets Growth Rate was 26.90% per year. During the past 10 years, the average Total Assets Growth Rate was -11.70% per year.

During the past 13 years, Canada Rare Earth's highest 3-Year average Total Assets Growth Rate was 410.10%. The lowest was -46.50%. And the median was 19.60%.

Total Assets is connected with ROA %. Canada Rare Earth's annualized ROA % for the quarter that ended in Dec. 2023 was -6.13%. Total Assets is also linked to Revenue through Asset Turnover. Canada Rare Earth's Asset Turnover for the quarter that ended in Dec. 2023 was 0.28.

Canada Rare Earth Total Assets Historical Data

The historical data trend for Canada Rare Earth'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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Canada Rare Earth Total Assets Chart

Canada Rare Earth Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Total Assets

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0.83

1.09

0.48

0.95

1.66

Canada Rare Earth 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															2.28	1.66	1.98	1.81	2.36

Canada Rare Earth 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.

Canada Rare Earth'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 )
	=	0.004	+	1.658
	=	1.66

Canada Rare Earth'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 )
	=	-0.329	+	2.693
	=	2.36

Canada Rare Earth (OTCPK:RAREF) Total Assets Explanation

Total Assets is connected with ROA %.

Canada Rare Earth'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 )
	=	-0.128	/	( (1.814	+	2.364)	/ 2 )
	=	-0.128	/	2.089
	=	-6.13 %

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.

Canada Rare Earth'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 )
=	0.59	/	( (1.814	+	2.364)	/ 2 )
=	0.59	/	2.089
=	0.28

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.

Canada Rare Earth Total Assets Related Terms

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Canada Rare Earth (Canada Rare Earth) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Canada Rare Earth Corp (OTCPK:RAREF) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

LL:Canada

Address

650 West Georgia Street, Suite 2110, Vancouver, BC, CAN, V6B 4N8

Website

http://www.canadarareearth.com

Canada Rare Earth Corp is a Canada-based development stage company. The company is engaged in developing an integrated business within the rare earth industry from the initial mandate of acquiring and exploring mineral property interests. It's only reportable segment is the sale of oxides and rare earth concentrate. Geographically, it derives a majority of revenue from Asia.

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