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US Critical Metals (XCNQ:USCM) Total Assets : C$0.44 Mil (As of Mar. 2024)


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What is US Critical Metals Total Assets?

US Critical Metals's Total Assets for the quarter that ended in Mar. 2024 was C$0.44 Mil.

During the past 12 months, US Critical Metals's average Total Assets Growth Rate was -60.30% per year.

Total Assets is connected with ROA %. US Critical Metals's annualized ROA % for the quarter that ended in Mar. 2024 was -146.69%. Total Assets is also linked to Revenue through Asset Turnover. US Critical Metals's Asset Turnover for the quarter that ended in Mar. 2024 was 0.00.


US Critical Metals Total Assets Historical Data

The historical data trend for US Critical 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.

* Premium members only.

US Critical Metals Total Assets Chart

US Critical Metals Annual Data
Trend Jan22 Sep23
Total Assets
0.03 1.62

US Critical Metals Quarterly Data
Mar21 Dec21 Mar22 Jun22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.75 2.77 1.62 0.67 0.44

US Critical 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.

US Critical Metals's Total Assets for the fiscal year that ended in Sep. 2023 is calculated as

Total Assets=Total Equity (A: Sep. 2023 )+Total Liabilities (A: Sep. 2023 )
=1.021+0.593
=1.61

US Critical Metals's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets=Total Equity (Q: Mar. 2024 )+Total Liabilities (Q: Mar. 2024 )
=-0.005+0.449
=0.44

* 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.


US Critical Metals  (XCNQ:USCM) Total Assets Explanation

Total Assets is connected with ROA %.

US Critical Metals's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %=Net Income (Q: Mar. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Mar. 2024 ))/ count )
=-0.82/( (0.674+0.444)/ 2 )
=-0.82/0.559
=-146.69 %

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

US Critical Metals's Asset Turnover for the quarter that ended in Mar. 2024 is

Asset Turnover
=Revenue (Q: Mar. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Mar. 2024 ))/ count )
=0/( (0.674+0.444)/ 2 )
=0/0.559
=0.00

* 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.

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.

US Critical Metals Total Assets Related Terms

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US Critical Metals (XCNQ:USCM) Business Description

Traded in Other Exchanges
Address
550 Burrard Street, Suite 2300, Vancouver, BC, CAN, V6C 2B5
US Critical Metals Corp is engaged in the business of mineral exploration. Its exploration projects include the Haynes Cobalt Property and the Nevada Lithium Property.
Executives
Darren George Collins Director, Senior Officer

US Critical Metals (XCNQ:USCM) Headlines

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