QREE (Quantum Energy) Total Assets: $28.66 Mil (As of Nov. 2022)


QREE Quantum Energy Inc QREE
35 GF Score
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What is Quantum Energy Total Assets?

Quantum Energy QREE 35 Total Assets is $28.66 Mil as of Nov. 2022. GuruFocus rates QREE with a GF Score™ of 35/100.

Quantum Energy's Total Assets for the quarter that ended in Nov. 2022 was $28.66 Mil.

Total Assets is connected with ROA %. Quantum Energy's annualized ROA % for the quarter that ended in Nov. 2022 was -7,915.48%. Total Assets is also linked to Revenue through Asset Turnover. Quantum Energy's Asset Turnover for the quarter that ended in Nov. 2022 was 0.00.

Quantum Energy  (OTCPK:QREE) Total Assets Explanation

Total Assets is connected with ROA %.

Quantum Energy's annualized ROA % for the quarter that ended in Nov. 2022 is

ROA %=Net Income (Q: Nov. 2022 )/( (Total Assets (Q: Aug. 2022 )+Total Assets (Q: Nov. 2022 ))/ count )
=-1986.668/( (21.541+28.656)/ 2 )
=-1986.668/25.0985
=-7,915.48 %

Note: The Net Income data used here is four times the quarterly (Nov. 2022) 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.

Quantum Energy's Asset Turnover for the quarter that ended in Nov. 2022 is

Asset Turnover
=Revenue (Q: Nov. 2022 )/( (Total Assets (Q: Aug. 2022 )+Total Assets (Q: Nov. 2022 ))/ count )
=0/( (21.541+28.656)/ 2 )
=0/25.0985
=0.00

* 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.

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.

Quantum Energy Total Assets Related Terms

Quantum Energy Total Assets Historical Data

* Premium members only.

The historical data trend for Quantum Energy'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.

Quantum Energy Total Assets Chart

Quantum Energy Annual Data
Trend Feb10 Feb13 Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21
Total Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.15 0.07 0.01 0.00 3.17

Quantum Energy Quarterly Data
Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 17.56 18.49 21.16 21.54 28.66
QREE
35GF Score
Quantum Energy Inc QREE
Total Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Quantum Energy 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.

Quantum Energy's Total Assets for the fiscal year that ended in Feb. 2021 is calculated as

Total Assets=Total Equity (A: Feb. 2021 )+Total Liabilities (A: Feb. 2021 )
=-8.35+11.52
=3.17

Quantum Energy's Total Assets for the quarter that ended in Nov. 2022 is calculated as

Total Assets=Total Equity (Q: Nov. 2022 )+Total Liabilities (Q: Nov. 2022 )
=15.352+13.304
=28.66

* 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.

Frequently Asked Questions Learn more about Total Assets →
What does a Total Assets of $28.66 Mil mean?
Quantum Energy (QREE) has a Total Assets of $28.66 Mil as of Nov. 2022. The total amount of assets as recorded on a company's balance sheet. View historical data on Quantum Energy and its competitors.
Is Quantum Energy's Total Assets too high?
Quantum Energy's current Total Assets is $28.66 Mil. Overall, Quantum Energy has a GF Score™ of 35/100, reflecting its overall financial health beyond just this single metric.
How does Quantum Energy's Total Assets compare to NBHC and PROV?
Quantum Energy's Total Assets of $28.66 Mil can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Assets for a Metals & Mining company?
A good Total Assets depends on the Metals & Mining industry context. However, Total Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Assets mean?
A high Total Assets can signal that a stock is expensive relative to its fundamentals. The total amount of assets as recorded on a company's balance sheet. View historical data on Quantum Energy and its competitors. Quantum Energy's current Total Assets is $28.66 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Quantum Energy stock overvalued right now?
Quantum Energy (QREE) has a current Total Assets of $28.66 Mil. The current Total Assets is $28.66 Mil. Quantum Energy's overall GF Score™ is 35/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Assets calculated?
Total Assets is calculated from a company's financial statements. For Quantum Energy (QREE), the current Total Assets is $28.66 Mil as of Nov. 2022. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Quantum Energy Business Description

Address 3805 Rockbottom, North Las Vegas, NV, USA, 89030
Quantum Energy Inc focuses on sourcing and processing Rare Earth (RE) elements, metals, and oxides thereby supporting the current and future production demands of the transportation, communications, space, and computing industries. It processes rare earth elements, metals, and oxides. It also manufactures and distributes magnets, oxides, and alloys.
35GF Score

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Total Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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