Richmond Minerals (Richmond Minerals) Total Assets

: $1.88 Mil (As of Nov. 2023)

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Richmond Minerals's Total Assets for the quarter that ended in Nov. 2023 was $1.88 Mil.

During the past 12 months, Richmond Minerals's average Total Assets Growth Rate was -11.70% per year. During the past 3 years, the average Total Assets Growth Rate was 8.00% per year. During the past 5 years, the average Total Assets Growth Rate was 20.10% per year. During the past 10 years, the average Total Assets Growth Rate was 30.90% per year.

During the past 13 years, Richmond Minerals's highest 3-Year average Total Assets Growth Rate was 78.90%. The lowest was -50.00%. And the median was 11.15%.

Total Assets is connected with ROA %. Richmond Minerals's annualized ROA % for the quarter that ended in Nov. 2023 was -23.14%. Total Assets is also linked to Revenue through Asset Turnover. Richmond Minerals's Asset Turnover for the quarter that ended in Nov. 2023 was 0.00.

Richmond Minerals Total Assets Historical Data

The historical data trend for Richmond Minerals'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.

Richmond Minerals Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Total Assets

1.14

1.81

2.51

2.34

2.23

Richmond Minerals Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Total Assets																2.18	2.16	2.23	1.96	1.88

Richmond Minerals 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.

Richmond Minerals's Total Assets for the fiscal year that ended in May. 2023 is calculated as

Total Assets	=	Total Equity (A: May. 2023 )	+	Total Liabilities (A: May. 2023 )
	=	1.854	+	0.371
	=	2.23

Richmond Minerals'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 )
	=	1.501	+	0.379
	=	1.88

Richmond Minerals (OTCPK:RMDFF) Total Assets Explanation

Total Assets is connected with ROA %.

Richmond Minerals'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 )
	=	-0.444	/	( (1.957	+	1.881)	/ 2 )
	=	-0.444	/	1.919
	=	-23.14 %

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.

Richmond Minerals'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	/	( (1.957	+	1.881)	/ 2 )
=	0	/	1.919
=	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.

Richmond Minerals Total Assets Related Terms

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Richmond Minerals (Richmond Minerals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Richmond Minerals Inc (OTCPK:RMDFF) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

R520:Germany RMD:Canada

Address

120 Adelaide Street West, Suite 2500, Toronto, ON, CAN, M5H 1T1

Website

https://www.richmondminerals.com

Richmond Minerals Inc is a mineral exploration company. It is mainly engaged in base and precious metal mining and related activities, including exploration and development in Northern Ontario and Quebec. The company owns an interest in Probe Mines Borden Lake Gold Properties, Ridley Lake Project, Iamgold Jerome Mines, and Iamgold Cote Lake properties. The Company operates in one industry segment, Junior exploration and evaluation, but operates geographically in two countries, Canada and Austria.

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