Denarius Metals (Denarius Metals) Total Assets : $88.86 Mil (As of Mar. 2024)

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What is Denarius Metals Total Assets?

Denarius Metals's Total Assets for the quarter that ended in Mar. 2024 was $88.86 Mil.

During the past 12 months, Denarius Metals's average Total Assets Growth Rate was 92.60% per year.

Total Assets is connected with ROA %. Denarius Metals's annualized ROA % for the quarter that ended in Mar. 2024 was -49.69%. Total Assets is also linked to Revenue through Asset Turnover. Denarius Metals's Asset Turnover for the quarter that ended in Mar. 2024 was 0.00.

Denarius Metals Total Assets Historical Data

The historical data trend for Denarius 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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Denarius Metals Total Assets Chart

Denarius Metals Annual Data

Trend

Dec21

Dec22

Dec23

Total Assets

48.77

43.82

89.44

Denarius Metals Quarterly Data
	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial										48.38	53.86	52.39	89.44	88.86

Denarius 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.

Denarius Metals'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 )
	=	38.681	+	50.762
	=	89.44

Denarius 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 )
	=	27.04	+	61.816
	=	88.86

Denarius Metals (OTCPK:DNRSF) Total Assets Explanation

Total Assets is connected with ROA %.

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

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	-44.296	/	( (89.443	+	88.856)	/ 2 )
	=	-44.296	/	89.1495
	=	-49.69 %

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.

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

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	0	/	( (89.443	+	88.856)	/ 2 )
=	0	/	89.1495
=	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.

Denarius Metals Total Assets Related Terms

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Denarius Metals (Denarius Metals) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

T7C:Germany DSLV:Canada

Address

401 Bay Street, Suite 2400, PO Box 15, Toronto, ON, CAN, M5H 2Y4

Website

https://www.denariusmetals.com

Denarius Metals Corp is engaged in the acquisition, exploration, development, and eventual operation of mining projects in high-grade districts, with its principal focus on the Lomero-Poyatos Project in Spain and the Guia Antigua Project in Colombia. The company's reportable segments and geographical location includes Colombia, Spain, and Corporate.