MetalQuest Mining (MetalQuest Mining) Total Assets : $0.59 Mil (As of Apr. 2024)

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What is MetalQuest Mining Total Assets?

MetalQuest Mining's Total Assets for the quarter that ended in Apr. 2024 was $0.59 Mil.

During the past 12 months, MetalQuest Mining's average Total Assets Growth Rate was 194.40% per year. During the past 3 years, the average Total Assets Growth Rate was 76.00% per year. During the past 5 years, the average Total Assets Growth Rate was 20.10% per year. During the past 10 years, the average Total Assets Growth Rate was -7.30% per year.

During the past 13 years, MetalQuest Mining's highest 3-Year average Total Assets Growth Rate was 1365.10%. The lowest was -95.10%. And the median was 30.20%.

Total Assets is connected with ROA %. MetalQuest Mining's annualized ROA % for the quarter that ended in Apr. 2024 was -46.01%. Total Assets is also linked to Revenue through Asset Turnover. MetalQuest Mining's Asset Turnover for the quarter that ended in Apr. 2024 was 0.00.

MetalQuest Mining Total Assets Historical Data

The historical data trend for MetalQuest 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.

MetalQuest Mining Total Assets Chart

MetalQuest Mining Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Total Assets

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0.90

0.66

0.81

0.44

0.63

MetalQuest Mining Quarterly Data
	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24
Total Assets	Get a 7-Day Free Trial															0.29	0.21	0.23	0.63	0.59

MetalQuest 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.

MetalQuest Mining's Total Assets for the fiscal year that ended in Jan. 2024 is calculated as

Total Assets	=	Total Equity (A: Jan. 2024 )	+	Total Liabilities (A: Jan. 2024 )
	=	0.556	+	0.073
	=	0.63

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

Total Assets	=	Total Equity (Q: Apr. 2024 )	+	Total Liabilities (Q: Apr. 2024 )
	=	0.493	+	0.095
	=	0.59

MetalQuest Mining (OTCPK:MQMIF) Total Assets Explanation

Total Assets is connected with ROA %.

MetalQuest Mining's annualized ROA % for the quarter that ended in Apr. 2024 is

ROA %	=	Net Income (Q: Apr. 2024 )	/	( (Total Assets (Q: Jan. 2024 )	+	Total Assets (Q: Apr. 2024 ))	/ count )
	=	-0.28	/	( (0.629	+	0.588)	/ 2 )
	=	-0.28	/	0.6085
	=	-46.01 %

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

MetalQuest Mining's Asset Turnover for the quarter that ended in Apr. 2024 is

	Asset Turnover
=	Revenue (Q: Apr. 2024 )	/	( (Total Assets (Q: Jan. 2024 )	+	Total Assets (Q: Apr. 2024 ))	/ count )
=	0	/	( (0.629	+	0.588)	/ 2 )
=	0	/	0.6085
=	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.

MetalQuest Mining Total Assets Related Terms

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MetalQuest Mining (MetalQuest Mining) Business Description

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

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MQM:Canada

Address

101 - 2148 West 38th Avenue, Vancouver, BC, CAN, V6M 1R9

Website

https://www.metalquestmining.com

MetalQuest Mining Inc is an exploration stage company engaged in the acquisition, exploration, and development of mineral properties in Canada with the view of developing them to a stage where it can be exploited at a profit or to arrange joint ventures whereby other companies provide funding for development and exploration. The company projects include Murray Brook Project and Lac Otelnuk Iron Ore Project.

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