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Fortune Minerals (TSX:FT) Total Assets : C$1.56 Mil (As of Dec. 2023)


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What is Fortune Minerals Total Assets?

Fortune Minerals's Total Assets for the quarter that ended in Dec. 2023 was C$1.56 Mil.

During the past 12 months, Fortune Minerals's average Total Assets Growth Rate was 8.30% per year. During the past 3 years, the average Total Assets Growth Rate was -77.20% per year. During the past 5 years, the average Total Assets Growth Rate was -68.30% per year. During the past 10 years, the average Total Assets Growth Rate was -41.00% per year.

During the past 13 years, Fortune Minerals's highest 3-Year average Total Assets Growth Rate was 99.60%. The lowest was -77.80%. And the median was 11.00%.

Total Assets is connected with ROA %. Fortune Minerals's annualized ROA % for the quarter that ended in Dec. 2023 was -13.57%. Total Assets is also linked to Revenue through Asset Turnover. Fortune Minerals's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Fortune Minerals Total Assets Historical Data

The historical data trend for Fortune Minerals'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.

Fortune Minerals Total Assets Chart

Fortune Minerals Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 76.81 76.34 2.63 0.90 1.56

Fortune Minerals Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.90 46.66 46.99 46.78 1.56

Fortune Minerals 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.

Fortune Minerals'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 )
=-8.464+10.025
=1.56

Fortune Minerals's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets=Total Equity (Q: Dec. 2023 )+Total Liabilities (Q: Dec. 2023 )
=-8.464+10.025
=1.56

* 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.

Fortune Minerals  (TSX:FT) Total Assets Explanation

Total Assets is connected with ROA %.

Fortune Minerals's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %=Net Income (Q: Dec. 2023 )/( (Total Assets (Q: Sep. 2023 )+Total Assets (Q: Dec. 2023 ))/ count )
=-3.28/( (46.775+1.561)/ 2 )
=-3.28/24.168
=-13.57 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) 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.

Fortune Minerals's Asset Turnover for the quarter that ended in Dec. 2023 is

Asset Turnover
=Revenue (Q: Dec. 2023 )/( (Total Assets (Q: Sep. 2023 )+Total Assets (Q: Dec. 2023 ))/ count )
=0/( (46.775+1.561)/ 2 )
=0/24.168
=0.00

* 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.

Fortune Minerals Total Assets Related Terms

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Fortune Minerals (TSX:FT) Business Description

Industry
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Traded in Other Exchanges
FTMDF:USA
Address
617 Wellington Street, London, ON, CAN, N6A 3R6
Website
https://www.fortuneminerals.com
Fortune Minerals Ltd is a Canadian mining and mine development company focused on developing the NICO Cobalt-Gold-Bismuth Copper Project in the Northwest Territories. The company plans to build a hydrometallurgical plant in southern Canada to process NICO metal concentrates. It also owns the satellite Sue-Dianne Copper-Silver-Gold Deposit located 25 km north of the NICO Project, which is a potential future source of incremental mill feed to extend the life.