Orecap Invest (TSXV:OCI) Total Assets : C$11.09 Mil (As of Jan. 2024)

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What is Orecap Invest Total Assets?

Orecap Invest's Total Assets for the quarter that ended in Jan. 2024 was C$11.09 Mil.

During the past 12 months, Orecap Invest's average Total Assets Growth Rate was -43.00% per year. During the past 3 years, the average Total Assets Growth Rate was -21.40% per year. During the past 5 years, the average Total Assets Growth Rate was 15.20% per year. During the past 10 years, the average Total Assets Growth Rate was -12.60% per year.

During the past 12 years, Orecap Invest's highest 3-Year average Total Assets Growth Rate was 185.70%. The lowest was -75.20%. And the median was 12.10%.

Total Assets is connected with ROA %. Orecap Invest's annualized ROA % for the quarter that ended in Jan. 2024 was 230.85%. Total Assets is also linked to Revenue through Asset Turnover. Orecap Invest's Asset Turnover for the quarter that ended in Jan. 2024 was 0.00.

Orecap Invest Total Assets Historical Data

The historical data trend for Orecap Invest'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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Orecap Invest Total Assets Chart

Orecap Invest Annual Data

Trend

Jul14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Total Assets

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1.97

9.67

11.46

9.39

5.94

Orecap Invest 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															8.37	7.73	9.47	5.94	11.09

Orecap Invest 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.

Orecap Invest's Total Assets for the fiscal year that ended in Oct. 2023 is calculated as

Total Assets	=	Total Equity (A: Oct. 2023 )	+	Total Liabilities (A: Oct. 2023 )
	=	2.413	+	3.524
	=	5.94

Orecap Invest'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 )
	=	7.565	+	3.52
	=	11.09

Orecap Invest (TSXV:OCI) Total Assets Explanation

Total Assets is connected with ROA %.

Orecap Invest'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 )
	=	19.648	/	( (5.937	+	11.085)	/ 2 )
	=	19.648	/	8.511
	=	230.85 %

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.

Orecap Invest'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	/	( (5.937	+	11.085)	/ 2 )
=	0	/	8.511
=	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.

Orecap Invest Total Assets Related Terms

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Orecap Invest (TSXV:OCI) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Orecap Invest Corp (TSXV:OCI) » Definitions » Total Assets

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ORFDF:USA

Address

55 University Avenue, Suite 1805, Toronto, ON, CAN, M5J 2H7

Website

https://www.orefinders.ca

Orecap Invest Corp, formerly Orefinders Resources Inc is a Canadian-based junior gold exploration company. It is engaged in the exploration and development of exploration and evaluation assets in Canada. The company operates in several projects including Mirado, McGarry, and Knight among others.

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