Metallic Minerals (TSXV:MMG) Total Assets : C$8.66 Mil (As of Oct. 2023)

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What is Metallic Minerals Total Assets?

Metallic Minerals's Total Assets for the quarter that ended in Oct. 2023 was C$8.66 Mil.

During the past 12 months, Metallic Minerals's average Total Assets Growth Rate was 16.90% per year. During the past 3 years, the average Total Assets Growth Rate was 51.10% per year. During the past 5 years, the average Total Assets Growth Rate was 40.60% per year. During the past 10 years, the average Total Assets Growth Rate was 18.60% per year.

During the past 13 years, Metallic Minerals's highest 3-Year average Total Assets Growth Rate was 322.70%. The lowest was -83.90%. And the median was 39.15%.

Total Assets is connected with ROA %. Metallic Minerals's annualized ROA % for the quarter that ended in Oct. 2023 was -162.98%. Total Assets is also linked to Revenue through Asset Turnover. Metallic Minerals's Asset Turnover for the quarter that ended in Oct. 2023 was 0.00.

Metallic Minerals Total Assets Historical Data

The historical data trend for Metallic 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.

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Metallic Minerals Total Assets Chart

Metallic Minerals Annual Data

Trend

Jul13

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Total Assets

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2.80

2.13

3.43

8.38

9.10

Metallic Minerals Quarterly Data
	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Oct23
Total Assets	Get a 7-Day Free Trial															9.10	6.65	-	5.90	8.66

Metallic 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.

Metallic Minerals's Total Assets for the fiscal year that ended in Jul. 2022 is calculated as

Total Assets	=	Total Equity (A: Jul. 2022 )	+	Total Liabilities (A: Jul. 2022 )
	=	8.409	+	0.695
	=	9.10

Metallic Minerals's Total Assets for the quarter that ended in Oct. 2023 is calculated as

Total Assets	=	Total Equity (Q: Oct. 2023 )	+	Total Liabilities (Q: Oct. 2023 )
	=	7.876	+	0.78
	=	8.66

Metallic Minerals (TSXV:MMG) Total Assets Explanation

Total Assets is connected with ROA %.

Metallic Minerals's annualized ROA % for the quarter that ended in Oct. 2023 is

ROA %	=	Net Income (Q: Oct. 2023 )	/	( (Total Assets (Q: Apr. 2023 )	+	Total Assets (Q: Oct. 2023 ))	/ count )
	=	-11.86	/	( (5.897	+	8.657)	/ 2 )
	=	-11.86	/	7.277
	=	-162.98 %

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

Metallic Minerals's Asset Turnover for the quarter that ended in Oct. 2023 is

	Asset Turnover
=	Revenue (Q: Oct. 2023 )	/	( (Total Assets (Q: Apr. 2023 )	+	Total Assets (Q: Oct. 2023 ))	/ count )
=	0	/	( (5.897	+	8.657)	/ 2 )
=	0	/	7.277
=	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.

Metallic Minerals Total Assets Related Terms

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Metallic Minerals (TSXV:MMG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Metallic Minerals Corp (TSXV:MMG) » Definitions » Total Assets

Comparable Companies

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MMNGF:USA 9MM1:Germany

Address

409 Granville Street, Suite 904, Vancouver, BC, CAN, V6C 1T2

Website

https://www.metallic-minerals.com

Metallic Minerals Corp is an exploration company focused on the acquisition and development of high-grade silver and gold projects. It seeks to create value through a disciplined, systematic approach to exploration, reducing investment risk and maximizing the probability of long-term success. Metallic's core Keno Silver Project is located in the historic Keno Hill Silver District of Canada's Yukon Territory, a region that has produced over 200 million ounces of silver. The company's La Plata silver-gold-copper project is located in the high-grade La Plata district of the prolific Colorado Mineral Belt and its McKay Hill project northeast of Keno Hill is a high-grade historic silver-gold producer. The company is building a portfolio of gold royalties in the historic Klondike Gold District.

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