Rainy Mountain Royalty (TSXV:RMO) Total Assets : C$2.69 Mil (As of Oct. 2024)

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What is Rainy Mountain Royalty Total Assets?

Rainy Mountain Royalty's Total Assets for the quarter that ended in Oct. 2024 was C$2.69 Mil.

During the past 12 months, Rainy Mountain Royalty's average Total Assets Growth Rate was -0.20% per year. During the past 3 years, the average Total Assets Growth Rate was 5.80% per year. During the past 5 years, the average Total Assets Growth Rate was 3.60% per year. During the past 10 years, the average Total Assets Growth Rate was -5.30% per year.

During the past 13 years, Rainy Mountain Royalty's highest 3-Year average Total Assets Growth Rate was 48.30%. The lowest was -28.30%. And the median was -3.60%.

Total Assets is connected with ROA %. Rainy Mountain Royalty's annualized ROA % for the quarter that ended in Oct. 2024 was -8.89%. Total Assets is also linked to Revenue through Asset Turnover. Rainy Mountain Royalty's Asset Turnover for the quarter that ended in Oct. 2024 was 0.00.

Rainy Mountain Royalty Total Assets Historical Data

The historical data trend for Rainy Mountain Royalty'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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Rainy Mountain Royalty Total Assets Chart

Rainy Mountain Royalty Annual Data

Trend

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Apr24

Total Assets

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2.19

2.24

2.56

2.91

2.76

Rainy Mountain Royalty Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
Total Assets	Get a 7-Day Free Trial															2.84	2.80	2.76	2.71	2.69

Rainy Mountain Royalty 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.

Rainy Mountain Royalty's Total Assets for the fiscal year that ended in Apr. 2024 is calculated as

Total Assets	=	Total Equity (A: Apr. 2024 )	+	Total Liabilities (A: Apr. 2024 )
	=	1.721	+	1.037
	=	2.76

Rainy Mountain Royalty's Total Assets for the quarter that ended in Oct. 2024 is calculated as

Total Assets	=	Total Equity (Q: Oct. 2024 )	+	Total Liabilities (Q: Oct. 2024 )
	=	1.605	+	1.086
	=	2.69

Rainy Mountain Royalty (TSXV:RMO) Total Assets Explanation

Total Assets is connected with ROA %.

Rainy Mountain Royalty's annualized ROA % for the quarter that ended in Oct. 2024 is

ROA %	=	Net Income (Q: Oct. 2024 )	/	( (Total Assets (Q: Jul. 2024 )	+	Total Assets (Q: Oct. 2024 ))	/ count )
	=	-0.24	/	( (2.707	+	2.692)	/ 2 )
	=	-0.24	/	2.6995
	=	-8.89 %

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

Rainy Mountain Royalty's Asset Turnover for the quarter that ended in Oct. 2024 is

	Asset Turnover
=	Revenue (Q: Oct. 2024 )	/	( (Total Assets (Q: Jul. 2024 )	+	Total Assets (Q: Oct. 2024 ))	/ count )
=	0	/	( (2.707	+	2.692)	/ 2 )
=	0	/	2.6995
=	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.

Rainy Mountain Royalty Total Assets Related Terms

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Rainy Mountain Royalty Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Rainy Mountain Royalty Corp (TSXV:RMO) » Definitions » Total Assets

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EK7C:Germany

Address

595 Burrard Street, Suite 1723, Vancouver, BC, CAN, V7X 1J1

Website

https://www.rmroyalty.com

Rainy Mountain Royalty Corp is a mineral exploration project generator. The company is engaged in acquiring early-stage exploration opportunities and delivering them drill targets ready to joint venture partners. The company currently holds multiple property interests in Ontario and is focused on shear-hosted gold and base metals properties with associated gold and silver credits. Its property portfolio consists of Marshall Lake, Max, Norton, and other properties.

Executives