Key Mining (Key Mining) Total Assets : $6.98 Mil (As of Dec. 2023)

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What is Key Mining Total Assets?

Key Mining's Total Assets for the quarter that ended in Dec. 2023 was $6.98 Mil.

Total Assets is connected with ROA %. Key Mining's annualized ROA % for the quarter that ended in Dec. 2023 was -53.13%. Total Assets is also linked to Revenue through Asset Turnover. Key Mining's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Key Mining Total Assets Historical Data

The historical data trend for Key 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.

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Key Mining Total Assets Chart

Key Mining Annual Data

Trend

Dec21

Dec22

Dec23

Total Assets

1.10

3.69

6.98

Key Mining Quarterly Data
	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial			-	3.69	7.54	7.94	6.98

Key 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.

Key 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 )
	=	6.735	+	0.245
	=	6.98

Key Mining'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 )
	=	6.735	+	0.245
	=	6.98

Key Mining (AMEX:KMCM) Total Assets Explanation

Total Assets is connected with ROA %.

Key Mining'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 )
	=	-3.964	/	( (7.943	+	6.98)	/ 2 )
	=	-3.964	/	7.4615
	=	-53.13 %

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.

Key Mining'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	/	( (7.943	+	6.98)	/ 2 )
=	0	/	7.4615
=	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.

Key Mining Total Assets Related Terms

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Key Mining (Key Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Key Mining Corp (AMEX:KMCM) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

701 Brickell Avenue, Suite 1550, Miami, FL, USA, 33131

Website

https://www.keyminingcorp.com

Key Mining Corp is an exploration-stage mining company focused on the development of two projects, both of which are located in the Atacama Region of the Republic of Chile. Its Cerro Blanco project is focused on exploring rutile from which high-grade titanium dioxide (TiO2) can be processed. Its Fiel Rosita project is focused on exploring copper, and to a lesser extent, zinc.

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