SSVRF (Summa Silver) Total Assets : $32.80 Mil (As of May. 2024)

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What is Summa Silver Total Assets?

Summa Silver's Total Assets for the quarter that ended in May. 2024 was $32.80 Mil.

During the past 12 months, Summa Silver's average Total Assets Growth Rate was 37.30% per year. During the past 3 years, the average Total Assets Growth Rate was 94.80% per year.

During the past 6 years, Summa Silver's highest 3-Year average Total Assets Growth Rate was 591.50%. The lowest was 94.80%. And the median was 343.15%.

Total Assets is connected with ROA %. Summa Silver's annualized ROA % for the quarter that ended in May. 2024 was -4.88%. Total Assets is also linked to Revenue through Asset Turnover. Summa Silver's Asset Turnover for the quarter that ended in May. 2024 was 0.00.

Summa Silver Total Assets Historical Data

The historical data trend for Summa Silver'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.

* Premium members only.

Summa Silver Total Assets Chart

Summa Silver Annual Data

Trend

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Total Assets

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0.24

10.87

17.04

24.46

31.26

Summa Silver Quarterly Data
	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24
Total Assets	Get a 7-Day Free Trial															30.37	31.26	33.54	33.70	32.80

Summa Silver 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.

Summa Silver's Total Assets for the fiscal year that ended in Aug. 2023 is calculated as

Total Assets	=	Total Equity (A: Aug. 2023 )	+	Total Liabilities (A: Aug. 2023 )
	=	31.048	+	0.207
	=	31.26

Summa Silver's Total Assets for the quarter that ended in May. 2024 is calculated as

Total Assets	=	Total Equity (Q: May. 2024 )	+	Total Liabilities (Q: May. 2024 )
	=	32.678	+	0.124
	=	32.80

Summa Silver (OTCPK:SSVRF) Total Assets Explanation

Total Assets is connected with ROA %.

Summa Silver's annualized ROA % for the quarter that ended in May. 2024 is

ROA %	=	Net Income (Q: May. 2024 )	/	( (Total Assets (Q: Feb. 2024 )	+	Total Assets (Q: May. 2024 ))	/ count )
	=	-1.624	/	( (33.702	+	32.802)	/ 2 )
	=	-1.624	/	33.252
	=	-4.88 %

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

Summa Silver's Asset Turnover for the quarter that ended in May. 2024 is

	Asset Turnover
=	Revenue (Q: May. 2024 )	/	( (Total Assets (Q: Feb. 2024 )	+	Total Assets (Q: May. 2024 ))	/ count )
=	0	/	( (33.702	+	32.802)	/ 2 )
=	0	/	33.252
=	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.

Summa Silver Total Assets Related Terms

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Summa Silver Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Summa Silver Corp (OTCPK:SSVRF) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

48X:Germany SSVR:Canada

Address

1030 West Georgia Street, Suite 918, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.summasilver.com

Summa Silver Corp is a Canadian junior mineral exploration company. The company's property consists of the Hughes Property located in Central Nevada, the Mogollon Property located in southwestern New Mexico, and Donna Property located in the Kamloops Mining Division in British Columbia.