Rackla Metals (Rackla Metals) Total Assets : $2.03 Mil (As of Dec. 2023)

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What is Rackla Metals Total Assets?

Rackla Metals's Total Assets for the quarter that ended in Dec. 2023 was $2.03 Mil.

During the past 12 months, Rackla Metals's average Total Assets Growth Rate was 567.10% per year. During the past 3 years, the average Total Assets Growth Rate was 172.70% per year. During the past 5 years, the average Total Assets Growth Rate was 90.70% per year. During the past 10 years, the average Total Assets Growth Rate was 9.10% per year.

During the past 13 years, Rackla Metals's highest 3-Year average Total Assets Growth Rate was 172.70%. The lowest was -69.10%. And the median was -10.85%.

Total Assets is connected with ROA %. Rackla Metals's annualized ROA % for the quarter that ended in Dec. 2023 was -100.24%. Total Assets is also linked to Revenue through Asset Turnover. Rackla Metals's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Rackla Metals Total Assets Historical Data

The historical data trend for Rackla 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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Rackla Metals Total Assets Chart

Rackla Metals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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0.06

0.08

1.03

3.43

2.03

Rackla 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															3.43	3.11	2.90	2.88	2.03

Rackla 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.

Rackla Metals'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 )
	=	1.658	+	0.373
	=	2.03

Rackla 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 )
	=	1.658	+	0.373
	=	2.03

Rackla Metals (OTCPK:RMETF) Total Assets Explanation

Total Assets is connected with ROA %.

Rackla 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 )
	=	-2.46	/	( (2.878	+	2.03)	/ 2 )
	=	-2.46	/	2.454
	=	-100.24 %

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.

Rackla 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	/	( (2.878	+	2.03)	/ 2 )
=	0	/	2.454
=	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.

Rackla Metals Total Assets Related Terms

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Rackla Metals (Rackla Metals) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Rackla Metals Inc (OTCPK:RMETF) » Definitions » Total Assets

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RAK:Canada

Address

200 Burrard Street, Suite 650, Vancouver, BC, CAN, V6C 3L6

Website

https://www.racklametals.com

Rackla Metals Inc is a Canada-based mineral exploration company engaged in the acquisition and exploration and evaluation activities. All of the company's operations are in Canada. It has an interest in the Rivier Property located in the Yukon Territory, Canada. Other projects include Tombstone Gold Belt Projects, Expo Property and Misisi Gold Project.

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