SMPEF (Southern Empire Resources) Total Assets : $9.02 Mil (As of Jul. 2024)

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What is Southern Empire Resources Total Assets?

Southern Empire Resources's Total Assets for the quarter that ended in Jul. 2024 was $9.02 Mil.

During the past 12 months, Southern Empire Resources's average Total Assets Growth Rate was -10.00% per year. During the past 3 years, the average Total Assets Growth Rate was 10.10% per year.

During the past 7 years, Southern Empire Resources's highest 3-Year average Total Assets Growth Rate was 707.60%. The lowest was 10.10%. And the median was 358.85%.

Total Assets is connected with ROA %. Southern Empire Resources's annualized ROA % for the quarter that ended in Jul. 2024 was -4.98%. Total Assets is also linked to Revenue through Asset Turnover. Southern Empire Resources's Asset Turnover for the quarter that ended in Jul. 2024 was 0.00.

Southern Empire Resources Total Assets Historical Data

The historical data trend for Southern Empire 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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Southern Empire Resources Total Assets Chart

Southern Empire Resources Annual Data

Trend

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Total Assets

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0.32

12.02

11.97

11.41

8.95

Southern Empire Resources Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24
Total Assets	Get a 7-Day Free Trial															10.75	8.95	9.15	8.96	9.02

Southern Empire 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.

Southern Empire Resources's Total Assets for the fiscal year that ended in Oct. 2023 is calculated as

Total Assets	=	Total Equity (A: Oct. 2023 )	+	Total Liabilities (A: Oct. 2023 )
	=	8.327	+	0.62
	=	8.95

Southern Empire Resources's Total Assets for the quarter that ended in Jul. 2024 is calculated as

Total Assets	=	Total Equity (Q: Jul. 2024 )	+	Total Liabilities (Q: Jul. 2024 )
	=	7.974	+	1.046
	=	9.02

Southern Empire Resources (OTCPK:SMPEF) Total Assets Explanation

Total Assets is connected with ROA %.

Southern Empire Resources's annualized ROA % for the quarter that ended in Jul. 2024 is

ROA %	=	Net Income (Q: Jul. 2024 )	/	( (Total Assets (Q: Apr. 2024 )	+	Total Assets (Q: Jul. 2024 ))	/ count )
	=	-0.448	/	( (8.964	+	9.019)	/ 2 )
	=	-0.448	/	8.9915
	=	-4.98 %

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

Southern Empire Resources's Asset Turnover for the quarter that ended in Jul. 2024 is

	Asset Turnover
=	Revenue (Q: Jul. 2024 )	/	( (Total Assets (Q: Apr. 2024 )	+	Total Assets (Q: Jul. 2024 ))	/ count )
=	0	/	( (8.964	+	9.019)	/ 2 )
=	0	/	8.9915
=	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.

Southern Empire Resources Total Assets Related Terms

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Southern Empire Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Southern Empire Resources Corp (OTCPK:SMPEF) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

5RE:Germany SMP:Canada

Address

789 West Pender Street, Suite 420, Vancouver, BC, CAN, V6C 1H2

Website

https://www.smp.gold

Southern Empire Resources Corp is a Canadian mining exploration company focused on expanding and developing known high-grade oxide gold deposits at its two properties in the southwestern USA namely Oro Cruz and Eastgate. It also holds an interest in the Pedro Gold Project.