Rhyolite Resources (Rhyolite Resources) Total Assets : $4.81 Mil (As of Mar. 2024)

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What is Rhyolite Resources Total Assets?

Rhyolite Resources's Total Assets for the quarter that ended in Mar. 2024 was $4.81 Mil.

During the past 12 months, Rhyolite Resources's average Total Assets Growth Rate was -98.50% per year. During the past 3 years, the average Total Assets Growth Rate was 71.00% per year. During the past 5 years, the average Total Assets Growth Rate was 23.80% per year. During the past 10 years, the average Total Assets Growth Rate was 8.90% per year.

During the past 13 years, Rhyolite Resources's highest 3-Year average Total Assets Growth Rate was 485.20%. The lowest was -72.10%. And the median was 0.70%.

Total Assets is connected with ROA %. Rhyolite Resources's annualized ROA % for the quarter that ended in Mar. 2024 was 0.08%. Total Assets is also linked to Revenue through Asset Turnover. Rhyolite Resources's Asset Turnover for the quarter that ended in Mar. 2024 was 0.00.

Rhyolite Resources Total Assets Historical Data

The historical data trend for Rhyolite 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.

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Rhyolite Resources Total Assets Chart

Rhyolite Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Dec21

Dec22

Dec23

Total Assets

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2.02

1.90

22.10

7.06

4.84

Rhyolite Resources Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															5.90	5.47	4.81	4.84	4.81

Rhyolite 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.

Rhyolite Resources's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	4.787	+	0.056
	=	4.84

Rhyolite Resources's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	4.745	+	0.061
	=	4.81

Rhyolite Resources (OTCPK:RHRYF) Total Assets Explanation

Total Assets is connected with ROA %.

Rhyolite Resources's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	0.004	/	( (4.843	+	4.806)	/ 2 )
	=	0.004	/	4.8245
	=	0.08 %

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

Rhyolite Resources's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	0	/	( (4.843	+	4.806)	/ 2 )
=	0	/	4.8245
=	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.

Rhyolite Resources Total Assets Related Terms

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Rhyolite Resources (Rhyolite Resources) Business Description

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

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RYE:Canada

Address

1111 Melville Street, Suite 620, Three Bentall Centre, Vancouver, BC, CAN, V6E 3V6

Website

https://www.rhyoliteresources.com

Rhyolite Resources Ltd is a Canada-based exploration company. It is engaged in the acquisition and exploration of mineral properties in the United States. The company focuses on the Paxson Project in Alaska and an option to earn up to interest in the Brothers Project in Suriname.