Millennial Potash (TSXV:MLP) Total Assets : C$6.20 Mil (As of Nov. 2023)

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What is Millennial Potash Total Assets?

Millennial Potash's Total Assets for the quarter that ended in Nov. 2023 was C$6.20 Mil.

During the past 12 months, Millennial Potash's average Total Assets Growth Rate was 197.30% per year.

During the past 5 years, Millennial Potash's highest 3-Year average Total Assets Growth Rate was 1135.10%. The lowest was 1135.10%. And the median was 1135.10%.

Total Assets is connected with ROA %. Millennial Potash's annualized ROA % for the quarter that ended in Nov. 2023 was -35.84%. Total Assets is also linked to Revenue through Asset Turnover. Millennial Potash's Asset Turnover for the quarter that ended in Nov. 2023 was 0.00.

Millennial Potash Total Assets Historical Data

The historical data trend for Millennial Potash'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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Millennial Potash Total Assets Chart

Millennial Potash Annual Data

Trend

Aug19

Aug20

Aug21

Aug22

Aug23

Total Assets

0.16

0.80

4.91

4.99

6.93

Millennial Potash Quarterly Data
	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													4.71	6.41	5.86	6.93	6.20

Millennial Potash 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.

Millennial Potash's Total Assets for the fiscal year that ended in Aug. 2023 is calculated as

Total Assets	=	Total Equity (A: Aug. 2023 )	+	Total Liabilities (A: Aug. 2023 )
	=	6.428	+	0.497
	=	6.93

Millennial Potash'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 )
	=	5.851	+	0.35
	=	6.20

Millennial Potash (TSXV:MLP) Total Assets Explanation

Total Assets is connected with ROA %.

Millennial Potash'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 )
	=	-2.352	/	( (6.925	+	6.201)	/ 2 )
	=	-2.352	/	6.563
	=	-35.84 %

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.

Millennial Potash'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	/	( (6.925	+	6.201)	/ 2 )
=	0	/	6.563
=	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.

Millennial Potash Total Assets Related Terms

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Millennial Potash (TSXV:MLP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Millennial Potash Corp (TSXV:MLP) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

MLPNF:USA X0D:Germany X0D:Germany

Address

300-1455 Bellevue Avenue, West Vancouver, Vancouver, BC, CAN, V7T 1C3

Website

https://www.millennialpotash.com

Millennial Potash Corp is a Canadian resource company focused on the exploration and development of potash deposits. The company's flagship asset is the Banio Potash Project located along the coast of Gabon, West Africa, which has the potential to have all the right characteristics to become a producer of potash.