Defense Metals (TSXV:DEFN) Total Assets : C$42.97 Mil (As of Dec. 2023)

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What is Defense Metals Total Assets?

Defense Metals's Total Assets for the quarter that ended in Dec. 2023 was C$42.97 Mil.

During the past 12 months, Defense Metals's average Total Assets Growth Rate was 40.80% per year. During the past 3 years, the average Total Assets Growth Rate was 154.60% per year. During the past 5 years, the average Total Assets Growth Rate was 201.10% per year.

During the past 7 years, Defense Metals's highest 3-Year average Total Assets Growth Rate was 256.20%. The lowest was 154.60%. And the median was 208.00%.

Total Assets is connected with ROA %. Defense Metals's annualized ROA % for the quarter that ended in Dec. 2023 was -11.62%. Total Assets is also linked to Revenue through Asset Turnover. Defense Metals's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Defense Metals Total Assets Historical Data

The historical data trend for Defense 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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Defense Metals Total Assets Chart

Defense Metals Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Total Assets

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0.74

2.04

4.14

25.26

32.74

Defense Metals Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial															28.72	33.93	32.74	43.10	42.97

Defense 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.

Defense Metals'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 )
	=	32.087	+	0.657
	=	32.74

Defense 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 )
	=	41.618	+	1.353
	=	42.97

Defense Metals (TSXV:DEFN) Total Assets Explanation

Total Assets is connected with ROA %.

Defense 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 )
	=	-5	/	( (43.099	+	42.971)	/ 2 )
	=	-5	/	43.035
	=	-11.62 %

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.

Defense 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	/	( (43.099	+	42.971)	/ 2 )
=	0	/	43.035
=	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.

Defense Metals Total Assets Related Terms

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Defense Metals (TSXV:DEFN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Defense Metals Corp (TSXV:DEFN) » Definitions » Total Assets

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Traded in Other Exchanges

DFMTF:USA 35D:Germany

Address

228 - 1122 Mainland Street, Suite 605, Vancouver, BC, CAN, V6B 5L1

Website

https://www.defensemetals.com

Defense Metals Corp is a mineral exploration company focused on metals and elements commonly used in the EV market, military, national security, and "GREEN" energy technologies, such as high-strength alloys and rare earth magnets. It holds a portfolio of 100% of the 1,708 hectares of Rare Earth Wicheeda Property in British Columbia, Canada. The mineral deposits are commonly used in the electric power market, defence industry, national security sector, and in the production of green energy technologies.

Executives

Craig Taylor

Director