EnviroMetal Technologies (EnviroMetal Technologies) Total Assets : $0.85 Mil (As of Dec. 2023)

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What is EnviroMetal Technologies Total Assets?

EnviroMetal Technologies's Total Assets for the quarter that ended in Dec. 2023 was $0.85 Mil.

During the past 12 months, EnviroMetal Technologies's average Total Assets Growth Rate was -62.60% per year. During the past 3 years, the average Total Assets Growth Rate was -56.00% per year. During the past 5 years, the average Total Assets Growth Rate was -39.90% per year.

During the past 8 years, EnviroMetal Technologies's highest 3-Year average Total Assets Growth Rate was 99.30%. The lowest was -56.00%. And the median was -14.40%.

Total Assets is connected with ROA %. EnviroMetal Technologies's annualized ROA % for the quarter that ended in Dec. 2023 was 258.19%. Total Assets is also linked to Revenue through Asset Turnover. EnviroMetal Technologies's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

EnviroMetal Technologies Total Assets Historical Data

The historical data trend for EnviroMetal Technologies'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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EnviroMetal Technologies Total Assets Chart

EnviroMetal Technologies Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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9.89

12.93

6.43

2.17

0.85

EnviroMetal Technologies 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															2.17	1.74	1.58	1.26	0.85

EnviroMetal Technologies 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.

EnviroMetal Technologies'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 )
	=	-0.042	+	0.894
	=	0.85

EnviroMetal Technologies'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 )
	=	-0.042	+	0.894
	=	0.85

EnviroMetal Technologies (OTCPK:EVLLF) Total Assets Explanation

Total Assets is connected with ROA %.

EnviroMetal Technologies'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 )
	=	2.72	/	( (1.256	+	0.851)	/ 2 )
	=	2.72	/	1.0535
	=	258.19 %

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.

EnviroMetal Technologies'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	/	( (1.256	+	0.851)	/ 2 )
=	0	/	1.0535
=	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.

EnviroMetal Technologies Total Assets Related Terms

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EnviroMetal Technologies (EnviroMetal Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » EnviroMetal Technologies Inc (OTCPK:EVLLF) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

7N20:Germany ETI:Canada

Address

208-6741 Cariboo Road, Burnaby, BC, CAN, V3N 4A3

Website

https://www.envirometal.com

EnviroMetal Technologies Inc is engaged in the development and commercialization of environmentally friendly formulas and technologies for the treatment of materials in the primary and secondary metals sectors. Using its proprietary non-cyanide, water-based, neutral pH treatment process EnviroMetal extracts precious metals from ores, concentrates and E-Waste.