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Rex Resources (TSXV:OWN) Total Assets : C$0.33 Mil (As of Mar. 2024)


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What is Rex Resources Total Assets?

Rex Resources's Total Assets for the quarter that ended in Mar. 2024 was C$0.33 Mil.

During the past 12 months, Rex Resources's average Total Assets Growth Rate was -54.30% per year. During the past 3 years, the average Total Assets Growth Rate was 42.60% per year.

During the past 4 years, Rex Resources's highest 3-Year average Total Assets Growth Rate was 42.60%. The lowest was 42.60%. And the median was 42.60%.

Total Assets is connected with ROA %. Rex Resources's annualized ROA % for the quarter that ended in Mar. 2024 was -68.57%. Total Assets is also linked to Revenue through Asset Turnover. Rex Resources's Asset Turnover for the quarter that ended in Mar. 2024 was 0.00.

Rex Resources Total Assets Historical Data

The historical data trend for Rex 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.

* Premium members only.

Rex Resources Total Assets Chart

Rex Resources Annual Data
Trend Sep20 Sep21 Sep22 Sep23
Total Assets
0.28 0.64 0.83 0.32

Rex Resources Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 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 0.74 0.71 0.32 0.30 0.33

Rex 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.

Rex Resources'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 )
=0.108+0.214
=0.32

Rex 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 )
=0.039+0.29
=0.33

* 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.

Rex Resources  (TSXV:OWN) Total Assets Explanation

Total Assets is connected with ROA %.

Rex 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 )
=-0.216/( (0.302+0.328)/ 2 )
=-0.216/0.315
=-68.57 %

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.

Rex 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/( (0.302+0.328)/ 2 )
=0/0.315
=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.

Rex Resources Total Assets Related Terms

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Rex Resources (TSXV:OWN) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Rex Resources Corp (TSXV:OWN) » Definitions » Total Assets
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Traded in Other Exchanges
N/A
Address
505 Burrard Street, Suite 1570, Vancouver, BC, CAN, V7X 1M5
Website
https://www.rexresourcescorp.com/
Rex Resources Corp is a natural resource company engaged in the mineral exploration activities in British Columbia, Canada. The Company operates in one business segment being the exploration and development of resource properties.
Executives
Anthony Zelen Director

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