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Stornoway Diamond (Stornoway Diamond) Total Assets : $440.8 Mil (As of Jun. 2019)


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What is Stornoway Diamond Total Assets?

Stornoway Diamond's Total Assets for the quarter that ended in Jun. 2019 was $440.8 Mil.

Total Assets is connected with ROA %. Stornoway Diamond's annualized ROA % for the quarter that ended in Jun. 2019 was -165.62%. Total Assets is also linked to Revenue through Asset Turnover. Stornoway Diamond's Asset Turnover for the quarter that ended in Jun. 2019 was 0.23.


Stornoway Diamond Total Assets Historical Data

The historical data trend for Stornoway Diamond'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.

Stornoway Diamond Total Assets Chart

Stornoway Diamond Annual Data
Trend Apr09 Apr10 Apr11 Apr12 Apr13 Apr14 Apr15 Dec16 Dec17 Dec18
Total Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 272.29 766.03 983.29 983.87 843.33

Stornoway Diamond Quarterly Data
Jul14 Oct14 Jan15 Apr15 Jul15 Oct15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19
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 993.07 988.79 843.33 818.12 440.78

Stornoway Diamond 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.

Stornoway Diamond's Total Assets for the fiscal year that ended in Dec. 2018 is calculated as

Total Assets=Total Equity (A: Dec. 2018 )+Total Liabilities (A: Dec. 2018 )
=212.391+630.942
=843.3

Stornoway Diamond's Total Assets for the quarter that ended in Jun. 2019 is calculated as

Total Assets=Total Equity (Q: Jun. 2019 )+Total Liabilities (Q: Jun. 2019 )
=-78.651+519.431
=440.8

* 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.


Stornoway Diamond  (OTCPK:SWYDF) Total Assets Explanation

Total Assets is connected with ROA %.

Stornoway Diamond's annualized ROA % for the quarter that ended in Jun. 2019 is

ROA %=Net Income (Q: Jun. 2019 )/( (Total Assets (Q: Mar. 2019 )+Total Assets (Q: Jun. 2019 ))/ count )
=-1042.472/( (818.121+440.78)/ 2 )
=-1042.472/629.4505
=-165.62 %

Note: The Net Income data used here is four times the quarterly (Jun. 2019) 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.

Stornoway Diamond's Asset Turnover for the quarter that ended in Jun. 2019 is

Asset Turnover
=Revenue (Q: Jun. 2019 )/( (Total Assets (Q: Mar. 2019 )+Total Assets (Q: Jun. 2019 ))/ count )
=142.547/( (818.121+440.78)/ 2 )
=142.547/629.4505
=0.23

* 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.

Stornoway Diamond Total Assets Related Terms

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Stornoway Diamond (Stornoway Diamond) Business Description

Traded in Other Exchanges
N/A
Address
1111 St. Charles Street West, Tour Ouest, Suite 400, Longueuil, QC, CAN, J4K 5G4
Stornoway Diamond Corp is a leading Canadian diamond exploration and producing company. Its principal business is the development of its flagship asset, the fully-owned Renard Mine, located in Quebec, Canada. The company intends to grow its business through the exploration and development of its mines. Stornoway also holds interests in a portfolio of exploration assets across Canada through owned properties and joint ventures. These properties and joint ventures include projects such as Adamantin, Qilalugaq and Pikoo.

Stornoway Diamond (Stornoway Diamond) Headlines

From GuruFocus

Stornoway Granted Approval and Vesting Order

By GlobeNewswire GlobeNewswire 10-07-2019

Stornoway Announces Recommencement of Renard Mine Operations

By GlobeNewswire GlobeNewswire 07-04-2018

Stornoway Receives Notice of Delisting Review by TSX

By GlobeNewswire GlobeNewswire 08-22-2019

Stornoway Announces Board Appointment

By GlobeNewswire GlobeNewswire 06-13-2018