Bullet Exploration (TSXV:AMMO) Total Assets : C$4.77 Mil (As of Jun. 2024)

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What is Bullet Exploration Total Assets?

Bullet Exploration's Total Assets for the quarter that ended in Jun. 2024 was C$4.77 Mil.

During the past 12 months, Bullet Exploration's average Total Assets Growth Rate was 688.10% per year. During the past 3 years, the average Total Assets Growth Rate was 194.20% per year.

During the past 5 years, Bullet Exploration's highest 3-Year average Total Assets Growth Rate was 194.20%. The lowest was -78.70%. And the median was 57.75%.

Total Assets is connected with ROA %. Bullet Exploration's annualized ROA % for the quarter that ended in Jun. 2024 was -6.72%. Total Assets is also linked to Revenue through Asset Turnover. Bullet Exploration's Asset Turnover for the quarter that ended in Jun. 2024 was 0.00.

Bullet Exploration Total Assets Historical Data

The historical data trend for Bullet Exploration'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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Bullet Exploration Total Assets Chart

Bullet Exploration Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

55.62

0.05

0.65

0.56

1.31

Bullet Exploration Quarterly Data
	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Total Assets	Get a 7-Day Free Trial											0.57	0.54	1.31	4.87	4.77

Bullet Exploration 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.

Bullet Exploration'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 )
	=	1.258	+	0.053
	=	1.31

Bullet Exploration's Total Assets for the quarter that ended in Jun. 2024 is calculated as

Total Assets	=	Total Equity (Q: Jun. 2024 )	+	Total Liabilities (Q: Jun. 2024 )
	=	4.514	+	0.256
	=	4.77

Bullet Exploration (TSXV:AMMO) Total Assets Explanation

Total Assets is connected with ROA %.

Bullet Exploration's annualized ROA % for the quarter that ended in Jun. 2024 is

ROA %	=	Net Income (Q: Jun. 2024 )	/	( (Total Assets (Q: Mar. 2024 )	+	Total Assets (Q: Jun. 2024 ))	/ count )
	=	-0.324	/	( (4.866	+	4.77)	/ 2 )
	=	-0.324	/	4.818
	=	-6.72 %

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

Bullet Exploration's Asset Turnover for the quarter that ended in Jun. 2024 is

	Asset Turnover
=	Revenue (Q: Jun. 2024 )	/	( (Total Assets (Q: Mar. 2024 )	+	Total Assets (Q: Jun. 2024 ))	/ count )
=	0	/	( (4.866	+	4.77)	/ 2 )
=	0	/	4.818
=	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.

Bullet Exploration Total Assets Related Terms

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Bullet Exploration Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Bullet Exploration Inc (TSXV:AMMO) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

1055 West Georgia St., Suite 2100, Vancouver, BC, CAN, V6E 3P3

Website

https://www.bulletexploration.com

Bullet Exploration Inc is engaged in mineral exploration activities. It has acquired Anita Property, which locates in British Columbia. The Property comprises seven mineral tenures totaling approximately 2,900 hectares and covers three historical mineral showings, the Al, the Cindy, and the Anita. Its other properties include Copper Canyon, which also locates in British Columbia.

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