Silver Range Resources (Silver Range Resources) Total Assets : $7.15 Mil (As of Mar. 2024)

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What is Silver Range Resources Total Assets?

Silver Range Resources's Total Assets for the quarter that ended in Mar. 2024 was $7.15 Mil.

During the past 12 months, Silver Range Resources's average Total Assets Growth Rate was 0.30% per year. During the past 3 years, the average Total Assets Growth Rate was 29.80% per year. During the past 5 years, the average Total Assets Growth Rate was 23.50% per year. During the past 10 years, the average Total Assets Growth Rate was -3.30% per year.

During the past 13 years, Silver Range Resources's highest 3-Year average Total Assets Growth Rate was 53.30%. The lowest was -64.60%. And the median was 13.45%.

Total Assets is connected with ROA %. Silver Range Resources's annualized ROA % for the quarter that ended in Mar. 2024 was -8.52%. Total Assets is also linked to Revenue through Asset Turnover. Silver Range Resources's Asset Turnover for the quarter that ended in Mar. 2024 was 0.00.

Silver Range Resources Total Assets Historical Data

The historical data trend for Silver Range Resources'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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Silver Range Resources Total Assets Chart

Silver Range Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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3.42

4.09

8.03

7.42

7.32

Silver Range Resources Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															7.70	7.75	7.40	7.32	7.15

Silver Range Resources 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.

Silver Range Resources's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	7.247	+	0.075
	=	7.32

Silver Range Resources's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	7.06	+	0.085
	=	7.15

Silver Range Resources (OTCPK:SLRRF) Total Assets Explanation

Total Assets is connected with ROA %.

Silver Range Resources's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	-0.616	/	( (7.323	+	7.145)	/ 2 )
	=	-0.616	/	7.234
	=	-8.52 %

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

Silver Range Resources's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	0	/	( (7.323	+	7.145)	/ 2 )
=	0	/	7.234
=	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.

Silver Range Resources Total Assets Related Terms

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Silver Range Resources (Silver Range Resources) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Silver Range Resources Ltd (OTCPK:SLRRF) » Definitions » Total Assets

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SNG:Canada

Address

1100 Melville Street, Suite 510, Vancouver, BC, CAN, V6E 4A6

Website

https://www.silverrangeresources.com

Silver Range Resources Ltd is a project generator focused on high-grade precious metal projects in Northern Canada and Nevada. It is engaged in the business of exploring for metals and minerals with an emphasis on silver, zinc, and lead. The company has acquired various mineral properties located in Nunavut and the Northwest Territories, Canada and Nevada, USA. Its mineral projects include the Silver Range project, Michelle, Mel, and the Barb properties. The Company operates in one reportable operating segment being the acquisition, exploration, and evaluation of mineral properties in Canada and the USA.