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FDMIF (Founders Metals) Total Assets : $48.31 Mil (As of Nov. 2024)


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What is Founders Metals Total Assets?

Founders Metals's Total Assets for the quarter that ended in Nov. 2024 was $48.31 Mil.

During the past 12 months, Founders Metals's average Total Assets Growth Rate was 171.70% per year. During the past 3 years, the average Total Assets Growth Rate was 60.00% per year.

During the past 13 years, Founders Metals's highest 3-Year average Total Assets Growth Rate was 1251.60%. The lowest was -84.90%. And the median was -52.65%.

Total Assets is connected with ROA %. Founders Metals's annualized ROA % for the quarter that ended in Nov. 2024 was -13.46%. Total Assets is also linked to Revenue through Asset Turnover. Founders Metals's Asset Turnover for the quarter that ended in Nov. 2024 was 0.00.

Founders Metals Total Assets Historical Data

The historical data trend for Founders 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.

* Premium members only.

Founders Metals Total Assets Chart

Founders Metals Annual Data
Trend Aug06 Aug07 Aug08 Aug09 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24
Total Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 8.49 7.66 11.11 25.73

Founders Metals Quarterly Data
Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 15.36 16.47 24.00 25.73 48.31

Founders 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.

Founders Metals's Total Assets for the fiscal year that ended in Aug. 2024 is calculated as

Total Assets=Total Equity (A: Aug. 2024 )+Total Liabilities (A: Aug. 2024 )
=23.5+2.227
=25.73

Founders Metals's Total Assets for the quarter that ended in Nov. 2024 is calculated as

Total Assets=Total Equity (Q: Nov. 2024 )+Total Liabilities (Q: Nov. 2024 )
=45.821+2.491
=48.31

* 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.

Founders Metals  (OTCPK:FDMIF) Total Assets Explanation

Total Assets is connected with ROA %.

Founders Metals's annualized ROA % for the quarter that ended in Nov. 2024 is

ROA %=Net Income (Q: Nov. 2024 )/( (Total Assets (Q: Aug. 2024 )+Total Assets (Q: Nov. 2024 ))/ count )
=-4.984/( (25.726+48.312)/ 2 )
=-4.984/37.019
=-13.46 %

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

Founders Metals's Asset Turnover for the quarter that ended in Nov. 2024 is

Asset Turnover
=Revenue (Q: Nov. 2024 )/( (Total Assets (Q: Aug. 2024 )+Total Assets (Q: Nov. 2024 ))/ count )
=0/( (25.726+48.312)/ 2 )
=0/37.019
=0.00

* 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.

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.

Founders Metals Total Assets Related Terms

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Founders Metals Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Founders Metals Inc (OTCPK:FDMIF) » Definitions » Total Assets
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Traded in Other Exchanges
9DL0:Germany FDR:Canada
Address
250 Southridge NW, Suite 300, Edmonton, AB, CAN, T6H 4M9
Website
https://www.fdrmetals.com
Founders Metals Inc is a mineral exploration company specializing in acquiring and developing mineral resource assets. The Company focuses on acquiring and advancing gold projects in the Guiana Shield.