Grid Battery Metals (Grid Battery Metals) Total Assets : $6.80 Mil (As of Dec. 2023)

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What is Grid Battery Metals Total Assets?

Grid Battery Metals's Total Assets for the quarter that ended in Dec. 2023 was $6.80 Mil.

During the past 12 months, Grid Battery Metals's average Total Assets Growth Rate was 64.10% per year. During the past 3 years, the average Total Assets Growth Rate was 80.80% per year. During the past 5 years, the average Total Assets Growth Rate was 53.20% per year. During the past 10 years, the average Total Assets Growth Rate was 46.90% per year.

During the past 12 years, Grid Battery Metals's highest 3-Year average Total Assets Growth Rate was 427.80%. The lowest was -42.50%. And the median was 73.55%.

Total Assets is connected with ROA %. Grid Battery Metals's annualized ROA % for the quarter that ended in Dec. 2023 was -65.71%. Total Assets is also linked to Revenue through Asset Turnover. Grid Battery Metals's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Grid Battery Metals Total Assets Historical Data

The historical data trend for Grid Battery 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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Grid Battery Metals Total Assets Chart

Grid Battery Metals Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Assets

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0.95

0.37

3.70

1.32

5.89

Grid Battery Metals Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial															1.09	2.17	5.89	7.91	6.80

Grid Battery 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.

Grid Battery Metals's Total Assets for the fiscal year that ended in Jun. 2023 is calculated as

Total Assets	=	Total Equity (A: Jun. 2023 )	+	Total Liabilities (A: Jun. 2023 )
	=	5.848	+	0.041
	=	5.89

Grid Battery Metals's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	6.785	+	0.017
	=	6.80

Grid Battery Metals (OTCPK:EVKRF) Total Assets Explanation

Total Assets is connected with ROA %.

Grid Battery Metals's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	-4.832	/	( (7.905	+	6.802)	/ 2 )
	=	-4.832	/	7.3535
	=	-65.71 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) 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.

Grid Battery Metals's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	0	/	( (7.905	+	6.802)	/ 2 )
=	0	/	7.3535
=	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.

Grid Battery Metals Total Assets Related Terms

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Grid Battery Metals (Grid Battery Metals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Grid Battery Metals Inc (OTCPK:EVKRF) » Definitions » Total Assets

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Traded in Other Exchanges

W47:Germany CELL:Canada

Address

3028 Quadra Court, Coquitlam, BC, CAN, V3B 5X6

Website

https://www.gridbatterymetals.com

Grid Battery Metals Inc is an exploration and mining company. The company primarily explores nickel-iron alloys, important in the manufacture of environmentally efficient batteries for the electric vehicle markets. Its projects are Hard Nickel Group; Nickel 100 Group, Texas Spring, Volt canyon and Clayton Valley Lithium.