SOPerior Fertilizer (TSXV:SOP.H) Total Assets : C$0.15 Mil (As of Dec. 2023)

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What is SOPerior Fertilizer Total Assets?

SOPerior Fertilizer's Total Assets for the quarter that ended in Dec. 2023 was C$0.15 Mil.

During the past 12 months, SOPerior Fertilizer's average Total Assets Growth Rate was -12.20% per year. During the past 3 years, the average Total Assets Growth Rate was -5.20% per year. During the past 5 years, the average Total Assets Growth Rate was -58.10% per year. During the past 10 years, the average Total Assets Growth Rate was -54.30% per year.

During the past 13 years, SOPerior Fertilizer's highest 3-Year average Total Assets Growth Rate was 126.60%. The lowest was -86.80%. And the median was -0.70%.

Total Assets is connected with ROA %. SOPerior Fertilizer's annualized ROA % for the quarter that ended in Dec. 2023 was -4,517.35%. Total Assets is also linked to Revenue through Asset Turnover. SOPerior Fertilizer's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

SOPerior Fertilizer Total Assets Historical Data

The historical data trend for SOPerior Fertilizer'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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SOPerior Fertilizer Total Assets Chart

SOPerior Fertilizer Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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0.12

0.32

0.30

0.21

0.15

SOPerior Fertilizer 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															0.21	0.32	0.19	0.17	0.15

SOPerior Fertilizer 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.

SOPerior Fertilizer'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 )
	=	-6.983	+	7.134
	=	0.15

SOPerior Fertilizer'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 )
	=	-6.983	+	7.134
	=	0.15

SOPerior Fertilizer (TSXV:SOP.H) Total Assets Explanation

Total Assets is connected with ROA %.

SOPerior Fertilizer'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 )
	=	-7.16	/	( (0.166	+	0.151)	/ 2 )
	=	-7.16	/	0.1585
	=	-4,517.35 %

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.

SOPerior Fertilizer'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	/	( (0.166	+	0.151)	/ 2 )
=	0	/	0.1585
=	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.

SOPerior Fertilizer Total Assets Related Terms

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SOPerior Fertilizer (TSXV:SOP.H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » SOPerior Fertilizer Corp (TSXV:SOP.H) » Definitions » Total Assets

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Traded in Other Exchanges

POTRF:USA

Address

5213 Durie Road, Suite 401, Mississauga, ON, CAN, L5M 2C6

Website

https://www.soperiorfertilizer.com

SOPerior Fertilizer Corp is an exploration and development-stage company. The company's principal activity is to develop projects focused on the production of sulfate of potash (SOP). Its principal mineral project is the Blawn Mountain project and its manufacturing project is the Valleyfield Fertilizer project. The Blawn Mountain Project is focused on the exploration, development and production of mineral resources for alunite in order to produce SOP, co-product sulphuric acid and alumina. The Corporation manages its business under a single operating segment, consisting of exploration and evaluation activities.

SOPerior Fertilizer (TSXV:SOP.H) Headlines

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