NRGYF (New Energy Metals) Total Assets : $0.20 Mil (As of Dec. 2024)

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What is New Energy Metals Total Assets?

New Energy Metals's Total Assets for the quarter that ended in Dec. 2024 was $0.20 Mil.

During the past 12 months, New Energy Metals's average Total Assets Growth Rate was -78.10% per year. During the past 3 years, the average Total Assets Growth Rate was 41.20% per year. During the past 5 years, the average Total Assets Growth Rate was -4.50% per year.

During the past 8 years, New Energy Metals's highest 3-Year average Total Assets Growth Rate was 226.10%. The lowest was -88.30%. And the median was -37.90%.

Total Assets is connected with ROA %. New Energy Metals's annualized ROA % for the quarter that ended in Dec. 2024 was -94.64%. Total Assets is also linked to Revenue through Asset Turnover. New Energy Metals's Asset Turnover for the quarter that ended in Dec. 2024 was 0.00.

New Energy Metals Total Assets Historical Data

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

New Energy Metals Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Total Assets

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0.10

0.14

0.01

1.03

0.22

New Energy Metals 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															0.81	0.23	0.22	0.25	0.20

New Energy 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 Energy Metals's Total Assets for the fiscal year that ended in Jun. 2024 is calculated as

Total Assets	=	Total Equity (A: Jun. 2024 )	+	Total Liabilities (A: Jun. 2024 )
	=	0.061	+	0.156
	=	0.22

New Energy Metals'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 )
	=	0.044	+	0.157
	=	0.20

New Energy Metals (OTCPK:NRGYF) Total Assets Explanation

Total Assets is connected with ROA %.

New Energy Metals'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 )
	=	-0.212	/	( (0.247	+	0.201)	/ 2 )
	=	-0.212	/	0.224
	=	-94.64 %

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.

New Energy Metals'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	/	( (0.247	+	0.201)	/ 2 )
=	0	/	0.224
=	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 Energy Metals Total Assets Related Terms

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New Energy Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » New Energy Metals Corp (OTCPK:NRGYF) » Definitions » Total Assets

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2J8:Germany ENRG:Canada

Address

885 W Georgia Street, Suite 2200, Vancouver, BC, CAN, V6C 3E8

Website

https://www.new-enrg.com

New Energy Metals Corp is a mining company. Principally it is engaged in the business of acquisition, exploration, and development of mineral resource properties. The company is focused on the development of the Cristal Copper project located in northernmost Chile, adjacent to the Peruvian border. The company's project includes Atikokan Lithium Property, Roslyn Lithium Property and Troitsa Copper Property.

New Energy Metals Headlines

From GuruFocus

New Energy Metals Reports Encouraging Results from Troitsa Copper Project

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