Delta Resources (Delta Resources) Total Assets : $3.90 Mil (As of Mar. 2024)

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What is Delta Resources Total Assets?

Delta Resources's Total Assets for the quarter that ended in Mar. 2024 was $3.90 Mil.

During the past 12 months, Delta Resources's average Total Assets Growth Rate was 905.90% per year. During the past 3 years, the average Total Assets Growth Rate was 87.30% per year. During the past 5 years, the average Total Assets Growth Rate was 96.50% per year. During the past 10 years, the average Total Assets Growth Rate was -9.60% per year.

During the past 13 years, Delta Resources's highest 3-Year average Total Assets Growth Rate was 121.60%. The lowest was -83.10%. And the median was 14.00%.

Total Assets is connected with ROA %. Delta Resources's annualized ROA % for the quarter that ended in Mar. 2024 was -120.25%. Total Assets is also linked to Revenue through Asset Turnover. Delta Resources's Asset Turnover for the quarter that ended in Mar. 2024 was 0.00.

Delta Resources Total Assets Historical Data

The historical data trend for Delta 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.

* Premium members only.

Delta Resources Total Assets Chart

Delta Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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0.88

1.55

3.45

2.56

5.08

Delta Resources Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															2.06	7.84	6.08	5.08	3.90

Delta 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.

Delta 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 )
	=	4.253	+	0.826
	=	5.08

Delta Resources'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 )
	=	2.929	+	0.967
	=	3.90

Delta Resources (OTCPK:DTARF) Total Assets Explanation

Total Assets is connected with ROA %.

Delta Resources'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 )
	=	-5.396	/	( (5.079	+	3.896)	/ 2 )
	=	-5.396	/	4.4875
	=	-120.25 %

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.

Delta Resources'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	/	( (5.079	+	3.896)	/ 2 )
=	0	/	4.4875
=	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.

Delta Resources Total Assets Related Terms

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Delta Resources (Delta Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Delta Resources Ltd (OTCPK:DTARF) » Definitions » Total Assets

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Traded in Other Exchanges

6GO1:Germany DLTA:Canada

Address

1718 Christine Street, Kingston, ON, CAN, K7L 4V4

Website

https://www.deltaresources.ca

Delta Resources Ltd is a Canadian mineral exploration company focused on growing shareholder value through the exploration of two high-potential gold and base-metal projects. It has a single operating segment which is the acquisition, exploration and development of exploration properties. The company has 100% ownership in the DELTA-1 Gold project in Thunder Bay, Ontario, DELTA-2 Gold polymetallic project in Chibougamau, Quebec and the Bellechasse-Timmins Gold project located in southeastern Quebec.