DMIFF (Diamcor Mining) Total Assets : $2.97 Mil (As of Dec. 2024)

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What is Diamcor Mining Total Assets?

Diamcor Mining's Total Assets for the quarter that ended in Dec. 2024 was $2.97 Mil.

During the past 12 months, Diamcor Mining's average Total Assets Growth Rate was -30.60% per year. During the past 3 years, the average Total Assets Growth Rate was -23.20% per year. During the past 5 years, the average Total Assets Growth Rate was -11.60% per year. During the past 10 years, the average Total Assets Growth Rate was -4.00% per year.

During the past 13 years, Diamcor Mining's highest 3-Year average Total Assets Growth Rate was 334.60%. The lowest was -38.90%. And the median was 4.80%.

Total Assets is connected with ROA %. Diamcor Mining's annualized ROA % for the quarter that ended in Dec. 2024 was 225.92%. Total Assets is also linked to Revenue through Asset Turnover. Diamcor Mining's Asset Turnover for the quarter that ended in Dec. 2024 was 0.00.

Diamcor Mining Total Assets Historical Data

The historical data trend for Diamcor Mining'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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Diamcor Mining Total Assets Chart

Diamcor Mining Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Total Assets

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6.46

7.28

7.11

5.86

3.01

Diamcor Mining Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24	Sep24	Dec24
Total Assets	Get a 7-Day Free Trial															4.53	3.96	3.01	3.28	2.97

Diamcor Mining 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.

Diamcor Mining's Total Assets for the fiscal year that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (A: Mar. 2024 )	+	Total Liabilities (A: Mar. 2024 )
	=	-6.695	+	9.7
	=	3.01

Diamcor Mining's Total Assets for the quarter that ended in Dec. 2024 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2024 )	+	Total Liabilities (Q: Dec. 2024 )
	=	-4.608	+	7.574
	=	2.97

Diamcor Mining (OTCPK:DMIFF) Total Assets Explanation

Total Assets is connected with ROA %.

Diamcor Mining's annualized ROA % for the quarter that ended in Dec. 2024 is

ROA %	=	Net Income (Q: Dec. 2024 )	/	( (Total Assets (Q: Sep. 2024 )	+	Total Assets (Q: Dec. 2024 ))	/ count )
	=	7.06	/	( (3.284	+	2.966)	/ 2 )
	=	7.06	/	3.125
	=	225.92 %

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

Diamcor Mining's Asset Turnover for the quarter that ended in Dec. 2024 is

	Asset Turnover
=	Revenue (Q: Dec. 2024 )	/	( (Total Assets (Q: Sep. 2024 )	+	Total Assets (Q: Dec. 2024 ))	/ count )
=	0	/	( (3.284	+	2.966)	/ 2 )
=	0	/	3.125
=	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.

Diamcor Mining Total Assets Related Terms

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Diamcor Mining Business Description

Industry

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DC3A:Germany DMI:Canada

Address

1620 Dickson Avenue, Suite 630, Kelowna, BC, CAN, V1Y 9Y2

Website

https://www.diamcormining.com

Diamcor Mining Inc is a mining and exploration company. It is engaged in the identification, acquisition, exploration, evaluation, operation, and advancement of diamond-based resource properties with a specific focus on the mining segment of the diamond industry through its subsidiaries. Some of its projects include the Krone-Endora at Venetia project. Geographically, it operates in Canada and South Africa.