E-Tech Resources (TSXV:REE) Total Assets : C$5.24 Mil (As of Dec. 2023)

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What is E-Tech Resources Total Assets?

E-Tech Resources's Total Assets for the quarter that ended in Dec. 2023 was C$5.24 Mil.

During the past 12 months, E-Tech Resources's average Total Assets Growth Rate was 8.60% per year. During the past 3 years, the average Total Assets Growth Rate was 952.40% per year. During the past 5 years, the average Total Assets Growth Rate was 380.30% per year.

During the past 6 years, E-Tech Resources's highest 3-Year average Total Assets Growth Rate was 952.40%. The lowest was -7.20%. And the median was 901.20%.

Total Assets is connected with ROA %. E-Tech Resources's annualized ROA % for the quarter that ended in Dec. 2023 was -12.67%. Total Assets is also linked to Revenue through Asset Turnover. E-Tech Resources's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

E-Tech Resources Total Assets Historical Data

The historical data trend for E-Tech 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.

E-Tech Resources Total Assets Chart

E-Tech Resources Annual Data

Trend

Apr18

Apr19

Apr20

Apr21

Mar22

Mar23

Total Assets

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0.69

0.65

0.52

5.81

4.98

E-Tech Resources Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial															5.06	4.98	4.80	5.37	5.24

E-Tech 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.

E-Tech Resources's Total Assets for the fiscal year that ended in Mar. 2023 is calculated as

Total Assets	=	Total Equity (A: Mar. 2023 )	+	Total Liabilities (A: Mar. 2023 )
	=	4.617	+	0.365
	=	4.98

E-Tech Resources'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 )
	=	4.798	+	0.437
	=	5.24

E-Tech Resources (TSXV:REE) Total Assets Explanation

Total Assets is connected with ROA %.

E-Tech Resources'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 )
	=	-0.672	/	( (5.372	+	5.235)	/ 2 )
	=	-0.672	/	5.3035
	=	-12.67 %

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.

E-Tech Resources'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	/	( (5.372	+	5.235)	/ 2 )
=	0	/	5.3035
=	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.

E-Tech Resources Total Assets Related Terms

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