New Age Metals (New Age Metals) Total Assets : $10.71 Mil (As of Jan. 2024)

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What is New Age Metals Total Assets?

New Age Metals's Total Assets for the quarter that ended in Jan. 2024 was $10.71 Mil.

During the past 12 months, New Age Metals's average Total Assets Growth Rate was 13.60% per year. During the past 3 years, the average Total Assets Growth Rate was 53.70% per year. During the past 5 years, the average Total Assets Growth Rate was 45.80% per year. During the past 10 years, the average Total Assets Growth Rate was 14.70% per year.

During the past 13 years, New Age Metals's highest 3-Year average Total Assets Growth Rate was 114.00%. The lowest was -70.60%. And the median was 33.00%.

Total Assets is connected with ROA %. New Age Metals's annualized ROA % for the quarter that ended in Jan. 2024 was -8.46%. Total Assets is also linked to Revenue through Asset Turnover. New Age Metals's Asset Turnover for the quarter that ended in Jan. 2024 was 0.00.

New Age Metals Total Assets Historical Data

The historical data trend for New Age 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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New Age Metals Total Assets Chart

New Age Metals Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Total Assets

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2.34

3.36

10.30

11.97

10.85

New Age Metals Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Total Assets	Get a 7-Day Free Trial															10.92	10.85	11.17	10.48	10.71

New Age 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.

New Age Metals's Total Assets for the fiscal year that ended in Apr. 2023 is calculated as

Total Assets	=	Total Equity (A: Apr. 2023 )	+	Total Liabilities (A: Apr. 2023 )
	=	10.549	+	0.3
	=	10.85

New Age Metals's Total Assets for the quarter that ended in Jan. 2024 is calculated as

Total Assets	=	Total Equity (Q: Jan. 2024 )	+	Total Liabilities (Q: Jan. 2024 )
	=	10.12	+	0.589
	=	10.71

New Age Metals (OTCPK:NMTLF) Total Assets Explanation

Total Assets is connected with ROA %.

New Age Metals's annualized ROA % for the quarter that ended in Jan. 2024 is

ROA %	=	Net Income (Q: Jan. 2024 )	/	( (Total Assets (Q: Oct. 2023 )	+	Total Assets (Q: Jan. 2024 ))	/ count )
	=	-0.896	/	( (10.479	+	10.708)	/ 2 )
	=	-0.896	/	10.5935
	=	-8.46 %

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

New Age Metals's Asset Turnover for the quarter that ended in Jan. 2024 is

	Asset Turnover
=	Revenue (Q: Jan. 2024 )	/	( (Total Assets (Q: Oct. 2023 )	+	Total Assets (Q: Jan. 2024 ))	/ count )
=	0	/	( (10.479	+	10.708)	/ 2 )
=	0	/	10.5935
=	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.

New Age Metals Total Assets Related Terms

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New Age Metals (New Age Metals) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » New Age Metals Inc (OTCPK:NMTLF) » Definitions » Total Assets

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P7J2:Germany NAM:Canada

Address

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

Website

https://www.newagemetals.com

New Age Metals Inc is a green metal, mineral exploration and development company. The company has two divisions, each engaged in the process of acquiring, exploring and developing Platinum Group Metal (PGM) and Lithium projects. Geographically, it operates in Canada and USA, out of which the majority of its revenue is from Canada. Its project includes the palladium projects in North America - its flagship River Valley PGM Project (near Sudbury, Ontario), Genesis PGM-Cu-Ni Project (Alaska) and seven Lithium projects (Manitoba).

New Age Metals (New Age Metals) Headlines

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