EDM Resources (TSXV:EDM) Total Assets : C$25.88 Mil (As of Mar. 2024)

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What is EDM Resources Total Assets?

EDM Resources's Total Assets for the quarter that ended in Mar. 2024 was C$25.88 Mil.

During the past 12 months, EDM Resources's average Total Assets Growth Rate was 7.40% per year. During the past 3 years, the average Total Assets Growth Rate was 13.80% per year. During the past 5 years, the average Total Assets Growth Rate was 4.90% per year. During the past 10 years, the average Total Assets Growth Rate was 3.40% per year.

During the past 13 years, EDM Resources's highest 3-Year average Total Assets Growth Rate was 239.60%. The lowest was -43.80%. And the median was 1.50%.

Total Assets is connected with ROA %. EDM Resources's annualized ROA % for the quarter that ended in Mar. 2024 was -6.80%. Total Assets is also linked to Revenue through Asset Turnover. EDM Resources's Asset Turnover for the quarter that ended in Mar. 2024 was 0.00.

EDM Resources Total Assets Historical Data

The historical data trend for EDM Resources'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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EDM Resources Total Assets Chart

EDM Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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23.55

17.19

19.76

23.78

24.98

EDM Resources Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															23.69	24.88	24.52	24.98	25.88

EDM Resources 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.

EDM Resources'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 )
	=	10.23	+	14.75
	=	24.98

EDM Resources's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	11.163	+	14.717
	=	25.88

EDM Resources (TSXV:EDM) Total Assets Explanation

Total Assets is connected with ROA %.

EDM Resources's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	-1.728	/	( (24.98	+	25.88)	/ 2 )
	=	-1.728	/	25.43
	=	-6.80 %

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

EDM Resources's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	0	/	( (24.98	+	25.88)	/ 2 )
=	0	/	25.43
=	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.

EDM Resources Total Assets Related Terms

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EDM Resources (TSXV:EDM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » EDM Resources Inc (TSXV:EDM) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

1959 Upper Water Street, Suite 1301, Purdy's Wharf, Halifax, NS, CAN, B3J 3N2

Website

https://www.edmresources.com

EDM Resources Inc is an exploration and development company. The company is engaged in base metals mining and related activities, including the exploration and evaluation of mineral property interests that are considered to have the potential for economic mineralization and development. Its project includes Scotia Mine; Eastville Prospect; Carrolls Farm and Carrolls Corner Prospects.

Executives

Mark Stephen Richard Haywood

Senior Officer

EDM Resources (TSXV:EDM) Headlines

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