Elemental Altus Royalties (FRA:T8S) Total Assets : €173.24 Mil (As of Dec. 2023)

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What is Elemental Altus Royalties Total Assets?

Elemental Altus Royalties's Total Assets for the quarter that ended in Dec. 2023 was €173.24 Mil.

During the past 12 months, Elemental Altus Royalties's average Total Assets Growth Rate was 4.10% per year. During the past 3 years, the average Total Assets Growth Rate was 121.50% per year.

During the past 5 years, Elemental Altus Royalties's highest 3-Year average Total Assets Growth Rate was 209.70%. The lowest was 121.50%. And the median was 165.60%.

Total Assets is connected with ROA %. Elemental Altus Royalties's annualized ROA % for the quarter that ended in Dec. 2023 was 4.54%. Total Assets is also linked to Revenue through Asset Turnover. Elemental Altus Royalties's Asset Turnover for the quarter that ended in Dec. 2023 was 0.02.

Elemental Altus Royalties Total Assets Historical Data

The historical data trend for Elemental Altus Royalties'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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Elemental Altus Royalties Total Assets Chart

Elemental Altus Royalties Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

6.00

23.05

67.70

175.52

173.24

Elemental Altus Royalties Quarterly Data
	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														175.52	172.46	169.06	178.35	173.24

Elemental Altus Royalties 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.

Elemental Altus Royalties'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 )
	=	142.317	+	30.924
	=	173.24

Elemental Altus Royalties'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 )
	=	142.317	+	30.924
	=	173.24

Elemental Altus Royalties (FRA:T8S) Total Assets Explanation

Total Assets is connected with ROA %.

Elemental Altus Royalties'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 )
	=	7.988	/	( (178.347	+	173.241)	/ 2 )
	=	7.988	/	175.794
	=	4.54 %

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.

Elemental Altus Royalties'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 )
=	3.631	/	( (178.347	+	173.241)	/ 2 )
=	3.631	/	175.794
=	0.02

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.

Elemental Altus Royalties Total Assets Related Terms

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Elemental Altus Royalties (FRA:T8S) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Elemental Altus Royalties Corp (FRA:T8S) » Definitions » Total Assets

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Traded in Other Exchanges

ELEMF:USA ELE:Canada

Address

800 West Pender Street, Suite 1020, Vancouver, BC, CAN, V6C 2V6

Website

https://www.elementalaltus.com

Elemental Altus Royalties Corp is a mining royalty company. Its asset portfolio includes Wahgnion, Kwale, MT Pleasant, Panton Sill, and Amancaya among others.

Elemental Altus Royalties (FRA:T8S) Headlines

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