EROSF (Eros Resources) Total Assets : $11.06 Mil (As of Sep. 2024)

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What is Eros Resources Total Assets?

Eros Resources's Total Assets for the quarter that ended in Sep. 2024 was $11.06 Mil.

During the past 12 months, Eros Resources's average Total Assets Growth Rate was 1.30% per year. During the past 3 years, the average Total Assets Growth Rate was -17.70% per year. During the past 5 years, the average Total Assets Growth Rate was 20.70% per year. During the past 10 years, the average Total Assets Growth Rate was 31.00% per year.

During the past 13 years, Eros Resources's highest 3-Year average Total Assets Growth Rate was 733.10%. The lowest was -82.20%. And the median was 8.70%.

Total Assets is connected with ROA %. Eros Resources's annualized ROA % for the quarter that ended in Sep. 2024 was 58.59%. Total Assets is also linked to Revenue through Asset Turnover. Eros Resources's Asset Turnover for the quarter that ended in Sep. 2024 was 0.00.

Eros Resources Total Assets Historical Data

The historical data trend for Eros 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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Eros Resources Total Assets Chart

Eros Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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6.41

18.01

18.53

12.15

8.97

Eros Resources Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Assets	Get a 7-Day Free Trial															10.96	8.97	8.97	9.64	11.06

Eros 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.

Eros 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 )
	=	4.207	+	4.761
	=	8.97

Eros Resources's Total Assets for the quarter that ended in Sep. 2024 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2024 )	+	Total Liabilities (Q: Sep. 2024 )
	=	6.616	+	4.442
	=	11.06

Eros Resources (OTCPK:EROSF) Total Assets Explanation

Total Assets is connected with ROA %.

Eros Resources's annualized ROA % for the quarter that ended in Sep. 2024 is

ROA %	=	Net Income (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
	=	6.064	/	( (9.641	+	11.059)	/ 2 )
	=	6.064	/	10.35
	=	58.59 %

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

Eros Resources's Asset Turnover for the quarter that ended in Sep. 2024 is

	Asset Turnover
=	Revenue (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
=	0	/	( (9.641	+	11.059)	/ 2 )
=	0	/	10.35
=	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.

Eros Resources Total Assets Related Terms

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Eros Resources Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Eros Resources Corp (OTCPK:EROSF) » Definitions » Total Assets

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ERC:Canada

Address

789 West Pender Street, Suite 420, Vancouver, BC, CAN, V6C 1H2

Website

https://www.erosresourcescorp.com

Eros Resources Corp is engaged in the acquisition, exploration, and development of mineral resource properties in North America. It operates in the business segments of the Exploration and development of mineral and oil and gas resource properties and Investing in marketable securities with a focus on commodities, with operations and long-term assets in the United States and Canada. Some of its projects are the Bell Mountain property and among others.

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