Comet Industries (TSXV:CMU) Total Assets : C$9.85 Mil (As of Oct. 2024)

View and export this data going back to 1972. Start your Free Trial

What is Comet Industries Total Assets?

Comet Industries's Total Assets for the quarter that ended in Oct. 2024 was C$9.85 Mil.

During the past 12 months, Comet Industries's average Total Assets Growth Rate was 237.90% per year. During the past 3 years, the average Total Assets Growth Rate was 9.50% per year. During the past 5 years, the average Total Assets Growth Rate was 2.00% per year. During the past 10 years, the average Total Assets Growth Rate was 3.80% per year.

During the past 13 years, Comet Industries's highest 3-Year average Total Assets Growth Rate was 17.50%. The lowest was -11.90%. And the median was 0.30%.

Total Assets is connected with ROA %. Comet Industries's annualized ROA % for the quarter that ended in Oct. 2024 was -1.19%. Total Assets is also linked to Revenue through Asset Turnover. Comet Industries's Asset Turnover for the quarter that ended in Oct. 2024 was 0.00.

Comet Industries Total Assets Historical Data

The historical data trend for Comet Industries'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.

Comet Industries Total Assets Chart

Comet Industries Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Total Assets

Get a 7-Day Free Trial

2.16

2.40

2.65

2.51

11.27

Comet Industries Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Jul24	Oct24
Total Assets	Get a 7-Day Free Trial															2.59	11.53	11.27	10.39	9.85

Comet Industries 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.

Comet Industries's Total Assets for the fiscal year that ended in Jan. 2024 is calculated as

Total Assets	=	Total Equity (A: Jan. 2024 )	+	Total Liabilities (A: Jan. 2024 )
	=	10.032	+	1.235
	=	11.27

Comet Industries's Total Assets for the quarter that ended in Oct. 2024 is calculated as

Total Assets	=	Total Equity (Q: Oct. 2024 )	+	Total Liabilities (Q: Oct. 2024 )
	=	9.829	+	0.022
	=	9.85

Comet Industries (TSXV:CMU) Total Assets Explanation

Total Assets is connected with ROA %.

Comet Industries's annualized ROA % for the quarter that ended in Oct. 2024 is

ROA %	=	Net Income (Q: Oct. 2024 )	/	( (Total Assets (Q: Jul. 2024 )	+	Total Assets (Q: Oct. 2024 ))	/ count )
	=	-0.12	/	( (10.391	+	9.851)	/ 2 )
	=	-0.12	/	10.121
	=	-1.19 %

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

Comet Industries's Asset Turnover for the quarter that ended in Oct. 2024 is

	Asset Turnover
=	Revenue (Q: Oct. 2024 )	/	( (Total Assets (Q: Jul. 2024 )	+	Total Assets (Q: Oct. 2024 ))	/ count )
=	0	/	( (10.391	+	9.851)	/ 2 )
=	0	/	10.121
=	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.

Comet Industries Total Assets Related Terms

Thank you for viewing the detailed overview of Comet Industries's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

Comet Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Comet Industries Ltd (TSXV:CMU) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

1177 West Hastings Street, Suite 1610, Vancouver, BC, CAN, V6E 2K3

Website

Comet Industries Ltd is an exploration-stage company. Principally, it is engaged in the business of acquiring and holding mineral properties and holding and managing real properties, in British Columbia. The company owns unimproved land in Kamloops, Terrace, and Pender Harbor, and a rental property in Vancouver, British Columbia on a freehold basis. Its segment includes Rental, Exploration, and General or administration. The company generates maximum revenue from the Rental segment. It owns an interest in the Big Onion zone on the Iron Mask property, which consists of approximately five crown-granted mineral claims.

Executives