SKYQ (Sky Quarry) Total Assets : $26.95 Mil (As of Dec. 2024)

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What is Sky Quarry Total Assets?

Sky Quarry's Total Assets for the quarter that ended in Dec. 2024 was $26.95 Mil.

During the past 12 months, Sky Quarry's average Total Assets Growth Rate was -4.60% per year.

Total Assets is connected with ROA %. Sky Quarry's annualized ROA % for the quarter that ended in Dec. 2024 was -63.11%. Total Assets is also linked to Revenue through Asset Turnover. Sky Quarry's Asset Turnover for the quarter that ended in Dec. 2024 was 0.16.

Sky Quarry Total Assets Historical Data

The historical data trend for Sky Quarry'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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Sky Quarry Total Assets Chart

Sky Quarry Annual Data

Trend

Dec23

Dec24

Total Assets

28.18

26.95

Sky Quarry Quarterly Data
	Sep23	Dec23	Sep24	Dec24
Total Assets	-	28.18	26.35	26.95

Sky Quarry 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.

Sky Quarry'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 )
	=	11.498	+	15.449
	=	26.95

Sky Quarry'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 )
	=	11.498	+	15.449
	=	26.95

Sky Quarry (NAS:SKYQ) Total Assets Explanation

Total Assets is connected with ROA %.

Sky Quarry'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 )
	=	-16.816	/	( (26.348	+	26.947)	/ 2 )
	=	-16.816	/	26.6475
	=	-63.11 %

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.

Sky Quarry'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 )
=	4.19	/	( (26.348	+	26.947)	/ 2 )
=	4.19	/	26.6475
=	0.16

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.

Sky Quarry Total Assets Related Terms

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Sky Quarry Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Sky Quarry Inc (NAS:SKYQ) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

707 W. 700 S, Suite 101, Woods Cross, UT, USA, 84087

Website

https://www.skyquarry.com

Sky Quarry Inc is a development-stage oil-producing and refining company. The company along with its subsidiaries is engaged in deploying technologies to facilitate the recycling of waste asphalt shingles and remediation of oil-saturated soils. The recycling and production of oil from asphalt shingles is expected to reduce the dependence on landfills for the disposal of waste and to also reduce dependence on foreign and domestic virgin crude oil extraction for industrial uses.