Almadex Minerals (TSXV:DEX) Total Assets : C$27.04 Mil (As of Sep. 2024)

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What is Almadex Minerals Total Assets?

Almadex Minerals's Total Assets for the quarter that ended in Sep. 2024 was C$27.04 Mil.

During the past 12 months, Almadex Minerals's average Total Assets Growth Rate was 43.60% per year. During the past 3 years, the average Total Assets Growth Rate was 16.70% per year. During the past 5 years, the average Total Assets Growth Rate was -1.90% per year.

During the past 6 years, Almadex Minerals's highest 3-Year average Total Assets Growth Rate was 16.70%. The lowest was -10.10%. And the median was -8.20%.

Total Assets is connected with ROA %. Almadex Minerals's annualized ROA % for the quarter that ended in Sep. 2024 was 9.29%. Total Assets is also linked to Revenue through Asset Turnover. Almadex Minerals's Asset Turnover for the quarter that ended in Sep. 2024 was 0.00.

Almadex Minerals Total Assets Historical Data

The historical data trend for Almadex 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.

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Almadex Minerals Total Assets Chart

Almadex Minerals Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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18.41

12.18

25.92

28.44

26.39

Almadex Minerals Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Assets	Get a 7-Day Free Trial															26.93	26.39	26.52	26.42	27.04

Almadex 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.

Almadex 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 )
	=	25.797	+	0.59
	=	26.39

Almadex Minerals's Total Assets for the quarter that ended in Sep. 2024 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2024 )	+	Total Liabilities (Q: Sep. 2024 )
	=	26.702	+	0.34
	=	27.04

Almadex Minerals (TSXV:DEX) Total Assets Explanation

Total Assets is connected with ROA %.

Almadex Minerals's annualized ROA % for the quarter that ended in Sep. 2024 is

ROA %	=	Net Income (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
	=	2.484	/	( (26.417	+	27.042)	/ 2 )
	=	2.484	/	26.7295
	=	9.29 %

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

Almadex Minerals's Asset Turnover for the quarter that ended in Sep. 2024 is

	Asset Turnover
=	Revenue (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
=	0	/	( (26.417	+	27.042)	/ 2 )
=	0	/	26.7295
=	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.

Almadex Minerals Total Assets Related Terms

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Almadex Minerals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Almadex Minerals Ltd (TSXV:DEX) » Definitions » Total Assets

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AAMMF:USA

Address

1333 Johnston Street, Suite 210, Vancouver, BC, CAN, V6H 3R9

Website

http://www.almadexminerals.com

Almadex Minerals Ltd is an exploration company specializing in the discovery of new mineral prospects. The company's projects are located in Mexico, Canada and the United States. It has one reportable operating segment being, the acquisition, and exploration of mineral resource properties in Canada, the United States, and Mexico. The company's projects include New Hope, Paradise Valley, Silverton South, Confusion Hills, Lac De Gras, Nicoman river, and others.