NEO Battery Materials (NEO Battery Materials) Total Assets : $3.79 Mil (As of Nov. 2023)

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What is NEO Battery Materials Total Assets?

NEO Battery Materials's Total Assets for the quarter that ended in Nov. 2023 was $3.79 Mil.

During the past 12 months, NEO Battery Materials's average Total Assets Growth Rate was 13.20% per year. During the past 3 years, the average Total Assets Growth Rate was 106.60% per year. During the past 5 years, the average Total Assets Growth Rate was 16.30% per year. During the past 10 years, the average Total Assets Growth Rate was -18.00% per year.

During the past 13 years, NEO Battery Materials's highest 3-Year average Total Assets Growth Rate was 169.20%. The lowest was -74.20%. And the median was -2.25%.

Total Assets is connected with ROA %. NEO Battery Materials's annualized ROA % for the quarter that ended in Nov. 2023 was -64.85%. Total Assets is also linked to Revenue through Asset Turnover. NEO Battery Materials's Asset Turnover for the quarter that ended in Nov. 2023 was 0.00.

NEO Battery Materials Total Assets Historical Data

The historical data trend for NEO Battery Materials'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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NEO Battery Materials Total Assets Chart

NEO Battery Materials Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Total Assets

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0.24

0.29

0.59

1.36

2.33

NEO Battery Materials Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Total Assets	Get a 7-Day Free Trial															2.51	2.33	1.90	1.57	3.79

NEO Battery Materials 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.

NEO Battery Materials's Total Assets for the fiscal year that ended in Feb. 2023 is calculated as

Total Assets	=	Total Equity (A: Feb. 2023 )	+	Total Liabilities (A: Feb. 2023 )
	=	2.192	+	0.133
	=	2.33

NEO Battery Materials's Total Assets for the quarter that ended in Nov. 2023 is calculated as

Total Assets	=	Total Equity (Q: Nov. 2023 )	+	Total Liabilities (Q: Nov. 2023 )
	=	3.371	+	0.415
	=	3.79

NEO Battery Materials (OTCPK:NBMFF) Total Assets Explanation

Total Assets is connected with ROA %.

NEO Battery Materials's annualized ROA % for the quarter that ended in Nov. 2023 is

ROA %	=	Net Income (Q: Nov. 2023 )	/	( (Total Assets (Q: Aug. 2023 )	+	Total Assets (Q: Nov. 2023 ))	/ count )
	=	-1.736	/	( (1.568	+	3.786)	/ 2 )
	=	-1.736	/	2.677
	=	-64.85 %

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

NEO Battery Materials's Asset Turnover for the quarter that ended in Nov. 2023 is

	Asset Turnover
=	Revenue (Q: Nov. 2023 )	/	( (Total Assets (Q: Aug. 2023 )	+	Total Assets (Q: Nov. 2023 ))	/ count )
=	0	/	( (1.568	+	3.786)	/ 2 )
=	0	/	2.677
=	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.

NEO Battery Materials Total Assets Related Terms

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NEO Battery Materials (NEO Battery Materials) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » NEO Battery Materials Ltd (OTCPK:NBMFF) » Definitions » Total Assets

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NBM:Canada

Address

4711 Younge Street, 10th Floor, Toronto, ON, CAN, M2N 6K8

Website

https://www.neobatterymaterials.com

NEO Battery Materials Ltd is a junior resource company focused on battery metals exploration in North America. It currently has an interest in Golden, British Columbia, along with a strike with a quartzite bed. The company explores and produces silicon and provides improvements in capacity and efficiency over lithium-ion batteries using silicon and graphite in their anode materials. It intends to become an integrated silicon producer and anode materials supplier to the electric vehicle industry.