Searchlight Resources (TSXV:SCLT) Total Assets : C$1.43 Mil (As of Dec. 2023)

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What is Searchlight Resources Total Assets?

Searchlight Resources's Total Assets for the quarter that ended in Dec. 2023 was C$1.43 Mil.

During the past 12 months, Searchlight Resources's average Total Assets Growth Rate was 23.40% per year. During the past 3 years, the average Total Assets Growth Rate was 44.60% per year. During the past 5 years, the average Total Assets Growth Rate was 42.30% per year.

During the past 13 years, Searchlight Resources's highest 3-Year average Total Assets Growth Rate was 280.30%. The lowest was -71.90%. And the median was 47.40%.

Total Assets is connected with ROA %. Searchlight Resources's annualized ROA % for the quarter that ended in Dec. 2023 was -164.60%. Total Assets is also linked to Revenue through Asset Turnover. Searchlight Resources's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Searchlight Resources Total Assets Historical Data

The historical data trend for Searchlight Resources'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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Searchlight Resources Total Assets Chart

Searchlight Resources Annual Data

Trend

Jun13

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Assets

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0.25

1.44

1.90

2.16

2.18

Searchlight Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial															2.48	2.43	2.18	1.94	1.43

Searchlight Resources 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.

Searchlight Resources's Total Assets for the fiscal year that ended in Jun. 2023 is calculated as

Total Assets	=	Total Equity (A: Jun. 2023 )	+	Total Liabilities (A: Jun. 2023 )
	=	2.04	+	0.139
	=	2.18

Searchlight Resources's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	1.253	+	0.176
	=	1.43

Searchlight Resources (TSXV:SCLT) Total Assets Explanation

Total Assets is connected with ROA %.

Searchlight Resources's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	-2.776	/	( (1.944	+	1.429)	/ 2 )
	=	-2.776	/	1.6865
	=	-164.60 %

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

Searchlight Resources's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	0	/	( (1.944	+	1.429)	/ 2 )
=	0	/	1.6865
=	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.

Searchlight Resources Total Assets Related Terms

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Searchlight Resources (TSXV:SCLT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Searchlight Resources Inc (TSXV:SCLT) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

SCLTF:USA 2CC2:Germany

Address

1199 West Pender Street, Suite 408, Vancouver, BC, CAN, V6E 2R1

Website

https://www.searchlightresources.com

Searchlight Resources Inc is a Canadian mineral exploration and development company focused in Saskatchewan, Canada. Its exploration focus is on gold, uranium and battery minerals throughout the Province. It also holds an interest in Kulyk Lake South; Bootleg Lake Gold Property, Robinson Creek; Wapawekka Lake Greenstone Belt, Munro Warden Copper Nickel Cobalt Property, Cameron Cobalt Property, Duddridge Lake Property, Flin Flon North Project, and English Bay Property in Canada.

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