ProAm Explorations (TSXV:PMX) Total Assets : C$0.62 Mil (As of Dec. 2023)

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What is ProAm Explorations Total Assets?

ProAm Explorations's Total Assets for the quarter that ended in Dec. 2023 was C$0.62 Mil.

During the past 12 months, ProAm Explorations's average Total Assets Growth Rate was -40.10% per year. During the past 3 years, the average Total Assets Growth Rate was -3.50% per year. During the past 5 years, the average Total Assets Growth Rate was 8.30% per year. During the past 10 years, the average Total Assets Growth Rate was -0.10% per year.

During the past 13 years, ProAm Explorations's highest 3-Year average Total Assets Growth Rate was 30.20%. The lowest was -32.70%. And the median was -3.80%.

Total Assets is connected with ROA %. ProAm Explorations's annualized ROA % for the quarter that ended in Dec. 2023 was -88.25%. Total Assets is also linked to Revenue through Asset Turnover. ProAm Explorations's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

ProAm Explorations Total Assets Historical Data

The historical data trend for ProAm Explorations'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.

ProAm Explorations Total Assets Chart

ProAm Explorations Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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0.39

0.62

0.92

0.94

0.62

ProAm Explorations 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															0.94	0.92	0.89	0.91	0.62

ProAm Explorations 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.

ProAm Explorations'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 )
	=	0.497	+	0.124
	=	0.62

ProAm Explorations'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 )
	=	0.497	+	0.124
	=	0.62

ProAm Explorations (TSXV:PMX) Total Assets Explanation

Total Assets is connected with ROA %.

ProAm Explorations'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 )
	=	-0.676	/	( (0.911	+	0.621)	/ 2 )
	=	-0.676	/	0.766
	=	-88.25 %

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.

ProAm Explorations'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 )
=	0.003	/	( (0.911	+	0.621)	/ 2 )
=	0.003	/	0.766
=	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.

ProAm Explorations Total Assets Related Terms

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ProAm Explorations (TSXV:PMX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » ProAm Explorations Corp (TSXV:PMX) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

867 West 3rd Street, North Vancouver, Vancouver, BC, CAN, V7P 1E2

Website

ProAm Explorations Corp is a junior mineral and oil and natural gas exploration and development company. It operates in Canada and the United States. Mineral exploration is focused in the USA Canada while little oil and natural gas activity has been pursued. The company is a junior exploration company putting its emphasis on mineral properties as economic conditions in natural gas markets have been unsettled. It has a single operating segment the acquisition, exploration and development of resource properties.

Executives

Glencoe-macdonald Holdings Ltd.	10% Security Holder
Donald Leo Macdonald	Senior Officer
Macdonald Maureen	Director or Senior Officer of 10% Security Holder