Usha Resources (TSXV:USHA) Total Assets : C$5.56 Mil (As of Dec. 2023)

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What is Usha Resources Total Assets?

Usha Resources's Total Assets for the quarter that ended in Dec. 2023 was C$5.56 Mil.

During the past 12 months, Usha Resources's average Total Assets Growth Rate was 46.80% per year. During the past 3 years, the average Total Assets Growth Rate was 199.50% per year.

During the past 6 years, Usha Resources's highest 3-Year average Total Assets Growth Rate was 487.40%. The lowest was 199.50%. And the median was 343.45%.

Total Assets is connected with ROA %. Usha Resources's annualized ROA % for the quarter that ended in Dec. 2023 was -46.15%. Total Assets is also linked to Revenue through Asset Turnover. Usha Resources's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Usha Resources Total Assets Historical Data

The historical data trend for Usha 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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Usha Resources Total Assets Chart

Usha Resources Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Total Assets

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0.18

0.59

1.20

2.39

6.94

Usha Resources 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															4.52	4.31	6.94	5.17	5.56

Usha 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.

Usha Resources'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 )
	=	6.843	+	0.102
	=	6.95

Usha Resources'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 )
	=	5.36	+	0.202
	=	5.56

Usha Resources (TSXV:USHA) Total Assets Explanation

Total Assets is connected with ROA %.

Usha Resources'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 )
	=	-2.476	/	( (5.169	+	5.562)	/ 2 )
	=	-2.476	/	5.3655
	=	-46.15 %

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.

Usha Resources'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	/	( (5.169	+	5.562)	/ 2 )
=	0	/	5.3655
=	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.

Usha Resources Total Assets Related Terms

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Usha Resources (TSXV:USHA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Usha Resources Ltd (TSXV:USHA) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

USHAF:USA JO00:Germany

Address

1575 Kamloops Street, Vancouver, BC, CAN, V5K 3W1

Website

https://www.usharesources.com

Usha Resources Ltd is a North American mineral acquisition and exploration company focused on the development of quality battery and precious metal properties that are drill-ready with high-upside and expansion potential. Based in Vancouver, BC, Usha's portfolio of strategic properties provides target-rich diversification and consists of Jackpot Lake, a lithium project in Nevada; Nicobat, a nickel-copper-cobalt project in Ontario; and Lost Basin, a gold-copper project in Arizona.

Executives

Navin Kumar Varshney

Director

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