Victory Battery Metals (Victory Battery Metals) Total Assets : $2.03 Mil (As of Nov. 2023)

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What is Victory Battery Metals Total Assets?

Victory Battery Metals's Total Assets for the quarter that ended in Nov. 2023 was $2.03 Mil.

During the past 12 months, Victory Battery Metals's average Total Assets Growth Rate was 30.20% per year. During the past 3 years, the average Total Assets Growth Rate was 9.40% per year. During the past 5 years, the average Total Assets Growth Rate was 31.00% per year. During the past 10 years, the average Total Assets Growth Rate was -7.00% per year.

During the past 13 years, Victory Battery Metals's highest 3-Year average Total Assets Growth Rate was 202.70%. The lowest was -68.70%. And the median was 9.40%.

Total Assets is connected with ROA %. Victory Battery Metals's annualized ROA % for the quarter that ended in Nov. 2023 was -19.70%. Total Assets is also linked to Revenue through Asset Turnover. Victory Battery Metals's Asset Turnover for the quarter that ended in Nov. 2023 was 0.00.

Victory Battery Metals Total Assets Historical Data

The historical data trend for Victory Battery 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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Victory Battery Metals Total Assets Chart

Victory Battery Metals Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Total Assets

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0.86

1.46

1.92

2.13

2.71

Victory Battery Metals Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Total Assets	Get a 7-Day Free Trial															1.69	2.71	2.79	2.11	2.03

Victory Battery 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.

Victory Battery Metals's Total Assets for the fiscal year that ended in Feb. 2023 is calculated as

Total Assets	=	Total Equity (A: Feb. 2023 )	+	Total Liabilities (A: Feb. 2023 )
	=	2.469	+	0.237
	=	2.71

Victory Battery Metals's Total Assets for the quarter that ended in Nov. 2023 is calculated as

Total Assets	=	Total Equity (Q: Nov. 2023 )	+	Total Liabilities (Q: Nov. 2023 )
	=	1.829	+	0.206
	=	2.04

Victory Battery Metals (OTCPK:VRCFF) Total Assets Explanation

Total Assets is connected with ROA %.

Victory Battery Metals's annualized ROA % for the quarter that ended in Nov. 2023 is

ROA %	=	Net Income (Q: Nov. 2023 )	/	( (Total Assets (Q: Aug. 2023 )	+	Total Assets (Q: Nov. 2023 ))	/ count )
	=	-0.408	/	( (2.108	+	2.034)	/ 2 )
	=	-0.408	/	2.071
	=	-19.70 %

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

Victory Battery Metals's Asset Turnover for the quarter that ended in Nov. 2023 is

	Asset Turnover
=	Revenue (Q: Nov. 2023 )	/	( (Total Assets (Q: Aug. 2023 )	+	Total Assets (Q: Nov. 2023 ))	/ count )
=	0	/	( (2.108	+	2.034)	/ 2 )
=	0	/	2.071
=	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.

Victory Battery Metals Total Assets Related Terms

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Victory Battery Metals (Victory Battery Metals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Victory Battery Metals Corp (OTCPK:VRCFF) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

VR60:Germany VR:Canada

Address

355 Burrard Street, Suite 1780, Vancouver, BC, CAN, V6C 2G8

Website

https://www.victorybatterymetals.com

Victory Battery Metals Corp is a Canadian mineral exploration company. The company operates through two segments namely Acquisition, Exploration, and Development of mineral properties and Administrative and Investing activities. Geographically, it operates in Canada and USA. Its projects portfolio includes Smokey Lithium, Mal-Wen, Loner Property, Hammond Reef South, Lac Simard, and Black Diablo.