Ascendant Resources (Ascendant Resources) Total Assets : $18.54 Mil (As of Dec. 2023)

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What is Ascendant Resources Total Assets?

Ascendant Resources's Total Assets for the quarter that ended in Dec. 2023 was $18.54 Mil.

During the past 12 months, Ascendant Resources's average Total Assets Growth Rate was 77.00% per year. During the past 3 years, the average Total Assets Growth Rate was 48.70% per year. During the past 5 years, the average Total Assets Growth Rate was -28.90% per year. During the past 10 years, the average Total Assets Growth Rate was 53.50% per year.

During the past 13 years, Ascendant Resources's highest 3-Year average Total Assets Growth Rate was 1035.10%. The lowest was -66.70%. And the median was -2.30%.

Total Assets is connected with ROA %. Ascendant Resources's annualized ROA % for the quarter that ended in Dec. 2023 was -320.15%. Total Assets is also linked to Revenue through Asset Turnover. Ascendant Resources's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Ascendant Resources Total Assets Historical Data

The historical data trend for Ascendant 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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Ascendant Resources Total Assets Chart

Ascendant Resources Annual Data

Trend

Jul14

Jul15

Jul16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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75.42

6.45

7.91

13.78

18.54

Ascendant 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															13.78	11.27	10.20	32.18	18.54

Ascendant 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.

Ascendant Resources'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 )
	=	-12.754	+	31.294
	=	18.54

Ascendant 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 )
	=	-12.754	+	31.294
	=	18.54

Ascendant Resources (OTCPK:ASDRF) Total Assets Explanation

Total Assets is connected with ROA %.

Ascendant 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 )
	=	-81.184	/	( (32.176	+	18.54)	/ 2 )
	=	-81.184	/	25.358
	=	-320.15 %

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.

Ascendant 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	/	( (32.176	+	18.54)	/ 2 )
=	0	/	25.358
=	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.

Ascendant Resources Total Assets Related Terms

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Ascendant Resources (Ascendant Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ascendant Resources Inc (OTCPK:ASDRF) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

2D9:Germany ASND:Canada

Address

200 Bay Street, Suite 3205, Toronto, ON, CAN, M5J 2J2

Website

https://www.ascendantresources.com

Ascendant Resources Inc is a mining company. The company is engaged in evaluating resource opportunities. It is focused on its own producing El Mochito zinc, silver and lead mine. The El Mochito mine is located in northwestern Honduras. The underground operation takes advantage of selective and bulk underground mining methods to mine multiple flat-lying manto deposits and high-grade vertical chimneys, producing zinc and lead concentrates with silver credits. It also holds an interest in Lagoa Salgada Project.