AMXEF (Amex Exploration) Total Assets : $97.73 Mil (As of Sep. 2024)

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What is Amex Exploration Total Assets?

Amex Exploration's Total Assets for the quarter that ended in Sep. 2024 was $97.73 Mil.

During the past 12 months, Amex Exploration's average Total Assets Growth Rate was 25.70% per year. During the past 3 years, the average Total Assets Growth Rate was 31.80% per year. During the past 5 years, the average Total Assets Growth Rate was 70.20% per year. During the past 10 years, the average Total Assets Growth Rate was 39.10% per year.

During the past 13 years, Amex Exploration's highest 3-Year average Total Assets Growth Rate was 105.40%. The lowest was -58.70%. And the median was 19.30%.

Total Assets is connected with ROA %. Amex Exploration's annualized ROA % for the quarter that ended in Sep. 2024 was 4.14%. Total Assets is also linked to Revenue through Asset Turnover. Amex Exploration's Asset Turnover for the quarter that ended in Sep. 2024 was 0.00.

Amex Exploration Total Assets Historical Data

The historical data trend for Amex Exploration'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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Amex Exploration Total Assets Chart

Amex Exploration Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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18.27

43.35

52.04

81.82

81.19

Amex Exploration Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Assets	Get a 7-Day Free Trial															80.97	81.19	99.38	97.25	97.73

Amex Exploration 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.

Amex Exploration's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	66.811	+	14.378
	=	81.19

Amex Exploration's Total Assets for the quarter that ended in Sep. 2024 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2024 )	+	Total Liabilities (Q: Sep. 2024 )
	=	81.416	+	16.318
	=	97.73

Amex Exploration (OTCPK:AMXEF) Total Assets Explanation

Total Assets is connected with ROA %.

Amex Exploration's annualized ROA % for the quarter that ended in Sep. 2024 is

ROA %	=	Net Income (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
	=	4.036	/	( (97.245	+	97.734)	/ 2 )
	=	4.036	/	97.4895
	=	4.14 %

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

Amex Exploration's Asset Turnover for the quarter that ended in Sep. 2024 is

	Asset Turnover
=	Revenue (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
=	0	/	( (97.245	+	97.734)	/ 2 )
=	0	/	97.4895
=	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.

Amex Exploration Total Assets Related Terms

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Amex Exploration Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Amex Exploration Inc (OTCPK:AMXEF) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

0A6N:UK MX0:Germany MX0:Germany AMX:Canada

Address

410 St-Nicolas Street, Suite 236, Montreal, QC, CAN, H2Y 2P5

Website

https://www.amexexploration.com

Amex Exploration Inc is a mining exploration company focused on developing high-grade gold ounces from the Perron Gold Project, located approximately 110 kilometers north of Rouyn-Noranda, Quebec. Its Eldorado Gold has strategically invested in Amex by acquiring a significant stake, drawn by the high quality and grade of the Perron project. The project is well-serviced by existing infrastructure, on a year-round road, from an airport, and outside the town of Normetal. The open pit and underground stope operations contain approximately 594,100 measured and indicated ounces at an average grade of around 4.28 g/t Au, along with approximately 1,049,650 inferred ounces at a grade of around 3.80 g/t Au.