Monarca Minerals (TSXV:MMN) Total Assets : C$0.04 Mil (As of Feb. 2024)

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What is Monarca Minerals Total Assets?

Monarca Minerals's Total Assets for the quarter that ended in Feb. 2024 was C$0.04 Mil.

During the past 12 months, Monarca Minerals's average Total Assets Growth Rate was -69.80% per year. During the past 3 years, the average Total Assets Growth Rate was -60.40% per year. During the past 5 years, the average Total Assets Growth Rate was -18.00% per year. During the past 10 years, the average Total Assets Growth Rate was -48.60% per year.

During the past 13 years, Monarca Minerals's highest 3-Year average Total Assets Growth Rate was 1788.50%. The lowest was -83.90%. And the median was 5.60%.

Total Assets is connected with ROA %. Monarca Minerals's annualized ROA % for the quarter that ended in Feb. 2024 was -2,492.75%. Total Assets is also linked to Revenue through Asset Turnover. Monarca Minerals's Asset Turnover for the quarter that ended in Feb. 2024 was 0.00.

Monarca Minerals Total Assets Historical Data

The historical data trend for Monarca 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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Monarca Minerals Total Assets Chart

Monarca Minerals Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Total Assets

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0.06

2.16

0.72

0.10

0.03

Monarca Minerals Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Total Assets	Get a 7-Day Free Trial															0.14	0.10	0.13	0.03	0.04

Monarca 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.

Monarca Minerals's Total Assets for the fiscal year that ended in Nov. 2023 is calculated as

Total Assets	=	Total Equity (A: Nov. 2023 )	+	Total Liabilities (A: Nov. 2023 )
	=	-4.245	+	4.277
	=	0.03

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

Total Assets	=	Total Equity (Q: Feb. 2024 )	+	Total Liabilities (Q: Feb. 2024 )
	=	-4.46	+	4.497
	=	0.04

Monarca Minerals (TSXV:MMN) Total Assets Explanation

Total Assets is connected with ROA %.

Monarca Minerals's annualized ROA % for the quarter that ended in Feb. 2024 is

ROA %	=	Net Income (Q: Feb. 2024 )	/	( (Total Assets (Q: Nov. 2023 )	+	Total Assets (Q: Feb. 2024 ))	/ count )
	=	-0.86	/	( (0.032	+	0.037)	/ 2 )
	=	-0.86	/	0.0345
	=	-2,492.75 %

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

Monarca Minerals's Asset Turnover for the quarter that ended in Feb. 2024 is

	Asset Turnover
=	Revenue (Q: Feb. 2024 )	/	( (Total Assets (Q: Nov. 2023 )	+	Total Assets (Q: Feb. 2024 ))	/ count )
=	0	/	( (0.032	+	0.037)	/ 2 )
=	0	/	0.0345
=	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.

Monarca Minerals Total Assets Related Terms

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Monarca Minerals (TSXV:MMN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Monarca Minerals Inc (TSXV:MMN) » Definitions » Total Assets

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Traded in Other Exchanges

ORAGF:USA OSI2:Germany

Address

18 King Street East Street, Suite 902, Toronto, ON, CAN, M5C 1C4

Website

https://www.monarcaminerals.com

Monarca Minerals Inc is in the process of exploring and evaluating its exploration and evaluation property interests in Mexico. Its project portfolio includes Tejamen, San Lucas, San Jose, and El Sol. The primary focus of new work at Tejamen consists of follow-up core drilling. Outcrop sampling identified two parallel gold-silver zones, known as the El Doctor zone (Noche Buena). Several small mines exist on the El Sol concession. It is a historical mining area since the 1600s and is in the Avino Mining District.

Executives

Carlos Enrique Espinosa Jove

Director

Monarca Minerals (TSXV:MMN) Headlines

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