MMTIF (Micromem Technologies) Total Assets : $0.32 Mil (As of Jan. 2025)

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What is Micromem Technologies Total Assets?

Micromem Technologies's Total Assets for the quarter that ended in Jan. 2025 was $0.32 Mil.

During the past 12 months, Micromem Technologies's average Total Assets Growth Rate was 57.70% per year. During the past 3 years, the average Total Assets Growth Rate was 47.70% per year. During the past 5 years, the average Total Assets Growth Rate was 30.40% per year. During the past 10 years, the average Total Assets Growth Rate was -31.60% per year.

During the past 13 years, Micromem Technologies's highest 3-Year average Total Assets Growth Rate was 307.50%. The lowest was -86.20%. And the median was 10.20%.

Total Assets is connected with ROA %. Micromem Technologies's annualized ROA % for the quarter that ended in Jan. 2025 was 580.73%. Total Assets is also linked to Revenue through Asset Turnover. Micromem Technologies's Asset Turnover for the quarter that ended in Jan. 2025 was 0.00.

Micromem Technologies Total Assets Historical Data

The historical data trend for Micromem Technologies'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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Micromem Technologies Total Assets Chart

Micromem Technologies Annual Data

Trend

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Oct24

Total Assets

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0.28

0.23

0.10

0.17

0.28

Micromem Technologies Quarterly Data
	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24	Jan25
Total Assets	Get a 7-Day Free Trial															0.15	0.13	0.19	0.28	0.32

Micromem Technologies 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.

Micromem Technologies's Total Assets for the fiscal year that ended in Oct. 2024 is calculated as

Total Assets	=	Total Equity (A: Oct. 2024 )	+	Total Liabilities (A: Oct. 2024 )
	=	-6.723	+	7.006
	=	0.28

Micromem Technologies's Total Assets for the quarter that ended in Jan. 2025 is calculated as

Total Assets	=	Total Equity (Q: Jan. 2025 )	+	Total Liabilities (Q: Jan. 2025 )
	=	-5.961	+	6.28
	=	0.32

Micromem Technologies (OTCPK:MMTIF) Total Assets Explanation

Total Assets is connected with ROA %.

Micromem Technologies's annualized ROA % for the quarter that ended in Jan. 2025 is

ROA %	=	Net Income (Q: Jan. 2025 )	/	( (Total Assets (Q: Oct. 2024 )	+	Total Assets (Q: Jan. 2025 ))	/ count )
	=	1.748	/	( (0.283	+	0.319)	/ 2 )
	=	1.748	/	0.301
	=	580.73 %

Note: The Net Income data used here is four times the quarterly (Jan. 2025) 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.

Micromem Technologies's Asset Turnover for the quarter that ended in Jan. 2025 is

	Asset Turnover
=	Revenue (Q: Jan. 2025 )	/	( (Total Assets (Q: Oct. 2024 )	+	Total Assets (Q: Jan. 2025 ))	/ count )
=	0	/	( (0.283	+	0.319)	/ 2 )
=	0	/	0.301
=	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.

Micromem Technologies Total Assets Related Terms

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Micromem Technologies Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Micromem Technologies Inc (OTCPK:MMTIF) » Definitions » Total Assets

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MRM:Canada

Address

121 Richmond Street West, Suite 602, Toronto, ON, CAN, M5H 2K1

Website

https://www.micromeminc.com

Micromem Technologies Inc develops, based upon proprietary technology, customized sensor applications for companies. The technology has a combination of superior sensitivity, robust structure, cost-effectiveness, and small size enabling a wide variety of applications within multiple industry sectors. Some of the sensors applications are Oil Sensor Solutions, Structural Integrity Sensors, Nanoparticle Detection Solutions and Energy Storage Solutions.