MRTMF (Maritime Resources) Total Assets : $39.91 Mil (As of Dec. 2024)

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What is Maritime Resources Total Assets?

Maritime Resources's Total Assets for the quarter that ended in Dec. 2024 was $39.91 Mil.

During the past 12 months, Maritime Resources's average Total Assets Growth Rate was 0.60% per year. During the past 3 years, the average Total Assets Growth Rate was 15.60% per year. During the past 5 years, the average Total Assets Growth Rate was 34.00% per year. During the past 10 years, the average Total Assets Growth Rate was 32.60% per year.

During the past 13 years, Maritime Resources's highest 3-Year average Total Assets Growth Rate was 477.40%. The lowest was 3.40%. And the median was 32.80%.

Total Assets is connected with ROA %. Maritime Resources's annualized ROA % for the quarter that ended in Dec. 2024 was -13.89%. Total Assets is also linked to Revenue through Asset Turnover. Maritime Resources's Asset Turnover for the quarter that ended in Dec. 2024 was 0.00.

Maritime Resources Total Assets Historical Data

The historical data trend for Maritime Resources'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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Maritime Resources Total Assets Chart

Maritime Resources Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Total Assets

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20.42

29.76

29.38

39.45

39.91

Maritime Resources Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Total Assets	Get a 7-Day Free Trial															39.45	39.25	37.89	43.69	39.91

Maritime Resources 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.

Maritime Resources's Total Assets for the fiscal year that ended in Dec. 2024 is calculated as

Total Assets	=	Total Equity (A: Dec. 2024 )	+	Total Liabilities (A: Dec. 2024 )
	=	29.867	+	10.04
	=	39.91

Maritime Resources's Total Assets for the quarter that ended in Dec. 2024 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2024 )	+	Total Liabilities (Q: Dec. 2024 )
	=	29.867	+	10.04
	=	39.91

Maritime Resources (OTCPK:MRTMF) Total Assets Explanation

Total Assets is connected with ROA %.

Maritime Resources's annualized ROA % for the quarter that ended in Dec. 2024 is

ROA %	=	Net Income (Q: Dec. 2024 )	/	( (Total Assets (Q: Sep. 2024 )	+	Total Assets (Q: Dec. 2024 ))	/ count )
	=	-5.804	/	( (43.685	+	39.907)	/ 2 )
	=	-5.804	/	41.796
	=	-13.89 %

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

Maritime Resources's Asset Turnover for the quarter that ended in Dec. 2024 is

	Asset Turnover
=	Revenue (Q: Dec. 2024 )	/	( (Total Assets (Q: Sep. 2024 )	+	Total Assets (Q: Dec. 2024 ))	/ count )
=	0	/	( (43.685	+	39.907)	/ 2 )
=	0	/	41.796
=	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.

Maritime Resources Total Assets Related Terms

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Maritime Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Maritime Resources Corp (OTCPK:MRTMF) » Definitions » Total Assets

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MAE:Canada

Address

650 West Georgia Street, Suite 3200, Vancouver, BC, CAN, V6B 4P7

Website

https://www.maritimeresourcescorp.com

Maritime Resources Corp is a gold exploration and development company focused on advancing the Hammerdown Gold Project in the Baie Verte District of Newfoundland and Labrador. It holds a 100% interest directly and subject to option agreements entitling it to earn 100% ownership in the Green Bay Property which includes the former Hammerdown gold mine and the Orion gold project. Maritime controls over 439 km2 of exploration land including the Green Bay, Whisker Valley, Gull Ridge and Point Rousse projects.