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Military Metals (FRA:QN90) Total Assets : €0.36 Mil (As of May. 2024)


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What is Military Metals Total Assets?

Military Metals's Total Assets for the quarter that ended in May. 2024 was €0.36 Mil.

During the past 12 months, Military Metals's average Total Assets Growth Rate was 215.90% per year.

Total Assets is connected with ROA %. Military Metals's annualized ROA % for the quarter that ended in May. 2024 was -113.96%. Total Assets is also linked to Revenue through Asset Turnover. Military Metals's Asset Turnover for the quarter that ended in May. 2024 was 0.00.

Military Metals Total Assets Historical Data

The historical data trend for Military 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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Military Metals Total Assets Chart

Military Metals Annual Data
Trend Aug22 Aug23
Total Assets
2.31 0.01

Military Metals Quarterly Data
May21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.05 0.01 0.15 0.34 0.36

Military 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.

Military Metals's Total Assets for the fiscal year that ended in Aug. 2023 is calculated as

Total Assets=Total Equity (A: Aug. 2023 )+Total Liabilities (A: Aug. 2023 )
=-0.361+0.374
=0.01

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

Total Assets=Total Equity (Q: May. 2024 )+Total Liabilities (Q: May. 2024 )
=-0.259+0.616
=0.36

* 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.

Military Metals  (FRA:QN90) Total Assets Explanation

Total Assets is connected with ROA %.

Military Metals's annualized ROA % for the quarter that ended in May. 2024 is

ROA %=Net Income (Q: May. 2024 )/( (Total Assets (Q: Feb. 2024 )+Total Assets (Q: May. 2024 ))/ count )
=-0.396/( (0.338+0.357)/ 2 )
=-0.396/0.3475
=-113.96 %

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

Military Metals's Asset Turnover for the quarter that ended in May. 2024 is

Asset Turnover
=Revenue (Q: May. 2024 )/( (Total Assets (Q: Feb. 2024 )+Total Assets (Q: May. 2024 ))/ count )
=0/( (0.338+0.357)/ 2 )
=0/0.3475
=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.

Military Metals Total Assets Related Terms

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Military Metals Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Military Metals Corp (FRA:QN90) » Definitions » Total Assets
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Traded in Other Exchanges
XOEEF:USA XONE:Canada
Address
615-800 West Pender Street, Vancouver, BC, CAN, V6C 2V6
Website
https://www.x1ent.com
X1 Entertainment Group Inc is an esports portfolio company that owns and operates an esports franchise, RixGG. The business of the company is the competitive playing of video games by teams for cash prizes, and operations ancillary to such competition, such as merchandising and the hosting of tournaments. It engages in the acquisition and development of esports teams and digital content creation which is considered one business segment.

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