Minco Capital (TSXV:MMM) Total Assets : C$5.74 Mil (As of Dec. 2023)

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What is Minco Capital Total Assets?

Minco Capital's Total Assets for the quarter that ended in Dec. 2023 was C$5.74 Mil.

During the past 12 months, Minco Capital's average Total Assets Growth Rate was -69.20% per year. During the past 3 years, the average Total Assets Growth Rate was -2.10% per year. During the past 5 years, the average Total Assets Growth Rate was 10.20% per year. During the past 10 years, the average Total Assets Growth Rate was -30.20% per year.

During the past 13 years, Minco Capital's highest 3-Year average Total Assets Growth Rate was 167.80%. The lowest was -69.00%. And the median was -0.25%.

Total Assets is connected with ROA %. Minco Capital's annualized ROA % for the quarter that ended in Dec. 2023 was 8.73%. Total Assets is also linked to Revenue through Asset Turnover. Minco Capital's Asset Turnover for the quarter that ended in Dec. 2023 was 0.01.

Minco Capital Total Assets Historical Data

The historical data trend for Minco Capital'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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Minco Capital Total Assets Chart

Minco Capital Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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13.33

11.41

9.76

7.16

5.74

Minco Capital Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial															7.16	7.07	6.69	5.63	5.74

Minco Capital 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.

Minco Capital'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 )
	=	5.505	+	0.231
	=	5.74

Minco Capital's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	5.505	+	0.231
	=	5.74

Minco Capital (TSXV:MMM) Total Assets Explanation

Total Assets is connected with ROA %.

Minco Capital's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	0.496	/	( (5.626	+	5.736)	/ 2 )
	=	0.496	/	5.681
	=	8.73 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) 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.

Minco Capital's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	0.077	/	( (5.626	+	5.736)	/ 2 )
=	0.077	/	5.681
=	0.01

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.

Minco Capital Total Assets Related Terms

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Minco Capital (TSXV:MMM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Minco Capital Corp (TSXV:MMM) » Definitions » Total Assets

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Traded in Other Exchanges

MGHCF:USA MI5:Germany

Address

No. 2060 - 1055 West Georgia Street, PO Box 11176, Vancouver, BC, CAN, V6E 3R5

Website

http://www.mincocapitalcorp.com

Minco Capital Corp is a Canadian company that is focused on utilizing its working capital position, industry contacts and internal expertise to identify, evaluate and invest in assets that have the capacity to generate returns and growth. The company invests in publicly traded and privately held corporations as well as taking indirect and direct ownership stakes in resource projects. Its types of investments may include common shares, preferred shares, warrants, royalties, convertible debentures, bridge loans, and other investment vehicles. It has one segment which is the acquisition and sale of investments in other companies.