EFRMF (East Africa Metals) Total Assets : $16.69 Mil (As of Dec. 2024)

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What is East Africa Metals Total Assets?

East Africa Metals's Total Assets for the quarter that ended in Dec. 2024 was $16.69 Mil.

During the past 12 months, East Africa Metals's average Total Assets Growth Rate was 6.90% per year. During the past 3 years, the average Total Assets Growth Rate was -0.40% per year.

During the past 12 years, East Africa Metals's highest 3-Year average Total Assets Growth Rate was 39.40%. The lowest was -4.30%. And the median was -0.70%.

Total Assets is connected with ROA %. East Africa Metals's annualized ROA % for the quarter that ended in Dec. 2024 was -10.91%. Total Assets is also linked to Revenue through Asset Turnover. East Africa Metals's Asset Turnover for the quarter that ended in Dec. 2024 was 0.00.

East Africa Metals Total Assets Historical Data

The historical data trend for East Africa 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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East Africa Metals Total Assets Chart

East Africa Metals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Mar24

Total Assets

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17.91

18.05

19.31

16.78

East Africa Metals Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Total Assets	Get a 7-Day Free Trial															16.57	16.78	16.77	16.54	16.69

East Africa 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.

East Africa Metals'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 )
	=	12.073	+	4.706
	=	16.78

East Africa Metals'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 )
	=	11.991	+	4.701
	=	16.69

East Africa Metals (OTCPK:EFRMF) Total Assets Explanation

Total Assets is connected with ROA %.

East Africa Metals'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 )
	=	-1.812	/	( (16.538	+	16.691)	/ 2 )
	=	-1.812	/	16.6145
	=	-10.91 %

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.

East Africa Metals'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	/	( (16.538	+	16.691)	/ 2 )
=	0	/	16.6145
=	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.

East Africa Metals Total Assets Related Terms

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East Africa Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » East Africa Metals Inc (OTCPK:EFRMF) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

EA1:Germany EAM:Canada

Address

777 Dunsmuir Street, 17th Floor, Vancouver, BC, CAN, V7Y 1K4

Website

https://www.eastafricametals.com

East Africa Metals Inc is a mineral exploration company focused on the identification, acquisition, exploration, development, and sale of base and precious mineral resource properties in Ethiopia and Tanzania. The company's mineral properties consist of one project in Ethiopia, the Harvest Project, Adyabo Project, and one project in Tanzania, the Handeni and Other Properties. The geographical segments of the company include Canada, Tanzania, and Ethiopia. It has one reportable segment Exploration and Development of Mineral Properties.