KVLQF (ValOre Metals) Total Assets : $7.43 Mil (As of Mar. 2024)

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What is ValOre Metals Total Assets?

ValOre Metals's Total Assets for the quarter that ended in Mar. 2024 was $7.43 Mil.

During the past 12 months, ValOre Metals's average Total Assets Growth Rate was -6.00% per year. During the past 3 years, the average Total Assets Growth Rate was -3.30% per year. During the past 5 years, the average Total Assets Growth Rate was 33.10% per year. During the past 10 years, the average Total Assets Growth Rate was -18.40% per year.

During the past 13 years, ValOre Metals's highest 3-Year average Total Assets Growth Rate was 125.00%. The lowest was -71.80%. And the median was 5.60%.

Total Assets is connected with ROA %. ValOre Metals's annualized ROA % for the quarter that ended in Mar. 2024 was 4.66%. Total Assets is also linked to Revenue through Asset Turnover. ValOre Metals's Asset Turnover for the quarter that ended in Mar. 2024 was 0.00.

ValOre Metals Total Assets Historical Data

The historical data trend for ValOre 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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ValOre Metals Total Assets Chart

ValOre Metals Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Total Assets

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9.64

8.06

9.97

9.28

7.61

ValOre Metals Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															7.69	8.95	7.61	6.82	7.43

ValOre 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.

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

Total Assets	=	Total Equity (A: Sep. 2023 )	+	Total Liabilities (A: Sep. 2023 )
	=	6.82	+	0.794
	=	7.61

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

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	6.458	+	0.971
	=	7.43

ValOre Metals (OTCPK:KVLQF) Total Assets Explanation

Total Assets is connected with ROA %.

ValOre Metals's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	0.332	/	( (6.815	+	7.43)	/ 2 )
	=	0.332	/	7.1225
	=	4.66 %

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

ValOre Metals's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	0	/	( (6.815	+	7.43)	/ 2 )
=	0	/	7.1225
=	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.

ValOre Metals Total Assets Related Terms

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ValOre Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » ValOre Metals Corp (OTCPK:KVLQF) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

KEQ0:Germany VO:Canada

Address

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

Website

https://www.valoremetals.com

ValOre Metals Corp is a Canadian-based exploration-stage company. It focuses on the acquisition, exploration, and development of mineral resources. Angilak, Baffin Gold, and Hatchet Lake are some of the assets that the company possesses. It has two geographical segments that include Canada and Brazil.