Abitibi Metals (Abitibi Metals) Total Assets : $15.36 Mil (As of Mar. 2024)

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What is Abitibi Metals Total Assets?

Abitibi Metals's Total Assets for the quarter that ended in Mar. 2024 was $15.36 Mil.

During the past 12 months, Abitibi Metals's average Total Assets Growth Rate was 108.90% per year. During the past 3 years, the average Total Assets Growth Rate was 72.10% per year.

During the past 5 years, Abitibi Metals's highest 3-Year average Total Assets Growth Rate was 85.30%. The lowest was 72.10%. And the median was 78.70%.

Total Assets is connected with ROA %. Abitibi Metals's annualized ROA % for the quarter that ended in Mar. 2024 was -22.39%. Total Assets is also linked to Revenue through Asset Turnover. Abitibi Metals's Asset Turnover for the quarter that ended in Mar. 2024 was 0.00.

Abitibi Metals Total Assets Historical Data

The historical data trend for Abitibi 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.

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Abitibi Metals Total Assets Chart

Abitibi Metals Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Total Assets

0.59

1.73

3.43

3.58

3.99

Abitibi Metals Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Total Assets	Get a 7-Day Free Trial															3.93	3.92	3.99	3.90	15.36

Abitibi 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.

Abitibi Metals'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 )
	=	3.446	+	0.54
	=	3.99

Abitibi 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 )
	=	13.973	+	1.387
	=	15.36

Abitibi Metals (OTCPK:AMQFF) Total Assets Explanation

Total Assets is connected with ROA %.

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

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	-2.156	/	( (3.899	+	15.359)	/ 2 )
	=	-2.156	/	9.629
	=	-22.39 %

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.

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

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	0	/	( (3.899	+	15.359)	/ 2 )
=	0	/	9.629
=	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.

Abitibi Metals Total Assets Related Terms

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Abitibi Metals (Abitibi Metals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Abitibi Metals Corp (OTCPK:AMQFF) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

FW0:Germany AMQ:Canada

Address

1231 Huron Street, London, ON, CAN, N5Y 4L1

Website

https://www.abitibimetals.com

Abitibi Metals Corp is engaged in the business of acquisition, exploration, and development of mining properties in Ontario and Quebec. Its mineral properties include Horizon Property, Southern Arm Property, Quevillon West Property, Bonanza Property and others.