Oceanic Iron Ore (TSXV:FEO) Total Assets : C$44.73 Mil (As of Mar. 2024)

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What is Oceanic Iron Ore Total Assets?

Oceanic Iron Ore's Total Assets for the quarter that ended in Mar. 2024 was C$44.73 Mil.

During the past 12 months, Oceanic Iron Ore's average Total Assets Growth Rate was 0.60% per year. During the past 3 years, the average Total Assets Growth Rate was 0.60% per year. During the past 5 years, the average Total Assets Growth Rate was 0.90% per year. During the past 10 years, the average Total Assets Growth Rate was 0.90% per year.

During the past 13 years, Oceanic Iron Ore's highest 3-Year average Total Assets Growth Rate was 1008.10%. The lowest was -61.20%. And the median was 0.60%.

Total Assets is connected with ROA %. Oceanic Iron Ore's annualized ROA % for the quarter that ended in Mar. 2024 was -4.55%. Total Assets is also linked to Revenue through Asset Turnover. Oceanic Iron Ore's Asset Turnover for the quarter that ended in Mar. 2024 was 0.00.

Oceanic Iron Ore Total Assets Historical Data

The historical data trend for Oceanic Iron Ore'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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Oceanic Iron Ore Total Assets Chart

Oceanic Iron Ore Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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43.77

43.66

44.22

44.85

44.74

Oceanic Iron Ore 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															44.82	44.80	44.72	44.74	44.73

Oceanic Iron Ore 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.

Oceanic Iron Ore'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 )
	=	39.831	+	4.912
	=	44.74

Oceanic Iron Ore'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 )
	=	39.424	+	5.31
	=	44.73

Oceanic Iron Ore (TSXV:FEO) Total Assets Explanation

Total Assets is connected with ROA %.

Oceanic Iron Ore'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 )
	=	-2.036	/	( (44.743	+	44.734)	/ 2 )
	=	-2.036	/	44.7385
	=	-4.55 %

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.

Oceanic Iron Ore'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	/	( (44.743	+	44.734)	/ 2 )
=	0	/	44.7385
=	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.

Oceanic Iron Ore Total Assets Related Terms

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Oceanic Iron Ore (TSXV:FEO) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Oceanic Iron Ore Corp (TSXV:FEO) » Definitions » Total Assets

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FEOVF:USA

Address

595 Burrard Street, Suite 3083, Three Bentall Centre, Vancouver, BC, CAN, V7X 1L3

Website

https://www.oceanicironore.com

Oceanic Iron Ore Corp is an exploration-stage company. It is engaged in the acquisition and exploration of iron ore properties in Quebec, Canada. The company focuses on the operations of the Ungava Bay iron property in Nunavik, Quebec which consists of three project areas: Hopes Advance, Morgan Lake, and Roberts Lake.

Executives