Sokoman Minerals (TSXV:SIC) Total Assets : C$9.17 Mil (As of Mar. 2024)

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What is Sokoman Minerals Total Assets?

Sokoman Minerals's Total Assets for the quarter that ended in Mar. 2024 was C$9.17 Mil.

During the past 12 months, Sokoman Minerals's average Total Assets Growth Rate was 229.40% per year. During the past 3 years, the average Total Assets Growth Rate was 26.20% per year. During the past 5 years, the average Total Assets Growth Rate was 15.30% per year. During the past 10 years, the average Total Assets Growth Rate was 18.70% per year.

During the past 13 years, Sokoman Minerals's highest 3-Year average Total Assets Growth Rate was 352.30%. The lowest was -18.10%. And the median was 17.90%.

Total Assets is connected with ROA %. Sokoman Minerals's annualized ROA % for the quarter that ended in Mar. 2024 was -52.11%. Total Assets is also linked to Revenue through Asset Turnover. Sokoman Minerals's Asset Turnover for the quarter that ended in Mar. 2024 was 0.00.

Sokoman Minerals Total Assets Historical Data

The historical data trend for Sokoman Minerals'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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Sokoman Minerals Total Assets Chart

Sokoman Minerals Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Assets

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3.91

3.59

17.00

12.52

6.70

Sokoman Minerals Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															7.70	6.70	3.98	10.26	9.17

Sokoman Minerals 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.

Sokoman Minerals's Total Assets for the fiscal year that ended in Jun. 2023 is calculated as

Total Assets	=	Total Equity (A: Jun. 2023 )	+	Total Liabilities (A: Jun. 2023 )
	=	5.279	+	1.424
	=	6.70

Sokoman Minerals'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 )
	=	8.818	+	0.347
	=	9.17

Sokoman Minerals (TSXV:SIC) Total Assets Explanation

Total Assets is connected with ROA %.

Sokoman Minerals'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 )
	=	-5.06	/	( (10.257	+	9.165)	/ 2 )
	=	-5.06	/	9.711
	=	-52.11 %

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.

Sokoman Minerals'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	/	( (10.257	+	9.165)	/ 2 )
=	0	/	9.711
=	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.

Sokoman Minerals Total Assets Related Terms

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Sokoman Minerals (TSXV:SIC) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sokoman Minerals Corp (TSXV:SIC) » Definitions » Total Assets

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SICNF:USA 3PJ1:Germany

Address

82 Richmond Street East, The Canadian Venture Building, Toronto, ON, CAN, M5C 1P1

Website

https://www.sokomanmineralscorp.com

Sokoman Minerals Corp is a discovery-oriented company with projects in the province of Newfoundland and Labrador, Canada. The company's primary focus is its portfolio of gold projects: flagship, advanced-stage Moosehead, Crippleback Lake, and East Alder along the Central Newfoundland Gold Belt, and the district-scale Fleur de Lys project in north-central Newfoundland that is targeting Dalradian-type orogenic gold mineralization similar to the Curraghinalt and Cavanacaw deposits in Northern Ireland. The company has also entered into a strategic alliance (the Alliance) with Benton Resources through three large-scale joint-venture properties including Grey River Gold, Golden Hope and Kepenkeck on the island of Newfoundland.

Executives