IMII (Inception Mining) Total Assets : $0.00 Mil (As of Sep. 2024)

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What is Inception Mining Total Assets?

Inception Mining's Total Assets for the quarter that ended in Sep. 2024 was $0.00 Mil.

During the past 12 months, Inception Mining's average Total Assets Growth Rate was -99.90% per year. During the past 3 years, the average Total Assets Growth Rate was -74.20% per year. During the past 5 years, the average Total Assets Growth Rate was -44.90% per year. During the past 10 years, the average Total Assets Growth Rate was -12.90% per year.

During the past 13 years, Inception Mining's highest 3-Year average Total Assets Growth Rate was 394.00%. The lowest was -74.20%. And the median was 25.80%.

Total Assets is connected with ROA %. Inception Mining's annualized ROA % for the quarter that ended in Sep. 2024 was -24,888.89%. Total Assets is also linked to Revenue through Asset Turnover. Inception Mining's Asset Turnover for the quarter that ended in Sep. 2024 was 0.00.

Inception Mining Total Assets Historical Data

The historical data trend for Inception Mining'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.

Inception Mining Total Assets Chart

Inception Mining Annual Data

Trend

Jul14

Jul15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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1.42

1.50

1.17

1.15

0.02

Inception Mining Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Assets	Get a 7-Day Free Trial															2.32	0.02	0.02	0.01	-

Inception Mining 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.

Inception Mining'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 )
	=	-2.422	+	2.445
	=	0.02

Inception Mining's Total Assets for the quarter that ended in Sep. 2024 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2024 )	+	Total Liabilities (Q: Sep. 2024 )
	=	-3.436	+	3.439
	=	0.00

Inception Mining (OTCPK:IMII) Total Assets Explanation

Total Assets is connected with ROA %.

Inception Mining's annualized ROA % for the quarter that ended in Sep. 2024 is

ROA %	=	Net Income (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
	=	-1.12	/	( (0.006	+	0.003)	/ 2 )
	=	-1.12	/	0.0045
	=	-24,888.89 %

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

Inception Mining's Asset Turnover for the quarter that ended in Sep. 2024 is

	Asset Turnover
=	Revenue (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
=	0	/	( (0.006	+	0.003)	/ 2 )
=	0	/	0.0045
=	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.

Inception Mining Total Assets Related Terms

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Inception Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Inception Mining Inc (OTCPK:IMII) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

5530 South 900 East, Suite 280, Murray, UT, USA, 84117

Website

https://www.inceptionmining.com

Inception Mining Inc is a mining company. It operate as a consultant and advisor to the mining industry. It operates the Clavo Rico mine in Honduras through its wholly-owned subsidiary, Compañía Minera Cerros del Sur, S.A de C.V. ("CMCS") and other mining concessions.

Executives

Whitney O Cluff	director, officer: Chief Financial Officer	6550 SOUTH MILLROCK DRIVE, SUITE 200, SALT LAKE CITY UT 84121
Trent D'ambrosio	director, 10 percent owner	5320 SOUTH 900 EAST, #260, MURRAY UT 84107
Reed L Benson	director	7050 UNION PARK CENTER, #600, SALT LAKE CITY UT 84047
Jason Briggs	10 percent owner	4049 S. HIGHLAND DRIVE, SALT LAKE CITY UT 84124
Kay W Briggs	director	978 EAGLE WAY, NORTH SALT LAKE UT 84054
Michael Ahlin	director, officer: CEO	4770 ICHABOD DRIVE, HOLLADAY UT 84117
Brian T. Brewer	director, officer: COO	P.O. BOX 305, SALMON ID 83467