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Monumental Energy (TSXV:MNRG) Total Assets : C$8.50 Mil (As of Mar. 2024)


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What is Monumental Energy Total Assets?

Monumental Energy's Total Assets for the quarter that ended in Mar. 2024 was C$8.50 Mil.

During the past 12 months, Monumental Energy's average Total Assets Growth Rate was 60.60% per year. During the past 3 years, the average Total Assets Growth Rate was 323.40% per year.

During the past 4 years, Monumental Energy's highest 3-Year average Total Assets Growth Rate was 323.40%. The lowest was 323.40%. And the median was 323.40%.

Total Assets is connected with ROA %. Monumental Energy's annualized ROA % for the quarter that ended in Mar. 2024 was -8.69%. Total Assets is also linked to Revenue through Asset Turnover. Monumental Energy's Asset Turnover for the quarter that ended in Mar. 2024 was 0.00.

Monumental Energy Total Assets Historical Data

The historical data trend for Monumental Energy'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.

* Premium members only.

Monumental Energy Total Assets Chart

Monumental Energy Annual Data
Trend Sep20 Sep21 Sep22 Sep23
Total Assets
0.44 0.95 6.36 8.61

Monumental Energy Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Sep23 Dec23 Mar24
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.13 7.70 8.61 8.72 8.50

Monumental Energy 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.

Monumental Energy's Total Assets for the fiscal year that ended in Sep. 2023 is calculated as

Total Assets=Total Equity (A: Sep. 2023 )+Total Liabilities (A: Sep. 2023 )
=8.464+0.147
=8.61

Monumental Energy'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 )
=8.428+0.069
=8.50

* 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.

Monumental Energy  (TSXV:MNRG) Total Assets Explanation

Total Assets is connected with ROA %.

Monumental Energy'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 )
=-0.748/( (8.721+8.496)/ 2 )
=-0.748/8.6085
=-8.69 %

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.

Monumental Energy'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/( (8.721+8.496)/ 2 )
=0/8.6085
=0.00

* 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.

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.

Monumental Energy Total Assets Related Terms

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Monumental Energy (TSXV:MNRG) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Monumental Energy Corp (TSXV:MNRG) » Definitions » Total Assets
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Traded in Other Exchanges
MNMRF:USA
Address
1122 Mainland Street, Suite 228, Vancouver, BC, CAN, V6B 5L1
Website
Monumental Energy Corp Formerly Monumental Minerals Corp is an exploration stage company engaged in the acquisition and exploration of mineral properties. The Company's current projects are the Jemi Property, the Laguna Property and the Turi Property. The Jemi Property is located in the Ocampo municipality, a relatively remote region of western Coahuila state, Mexico. The Laguna Property is located near the town of San Pedro de Atacama, Chile. The Turi Property is located within the Lithium triangle northwest from the Salar de Laguna Blanca and northeast from the city of Calama, Chile. Geographically, the company generates revenue from Chile.
Executives
Maximilian Sali Director

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