Western Exploration (TSXV:WEX) Total Assets : C$18.26 Mil (As of Mar. 2024)

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What is Western Exploration Total Assets?

Western Exploration's Total Assets for the quarter that ended in Mar. 2024 was C$18.26 Mil.

During the past 12 months, Western Exploration's average Total Assets Growth Rate was -0.80% per year. During the past 3 years, the average Total Assets Growth Rate was 1.50% per year.

During the past 4 years, Western Exploration's highest 3-Year average Total Assets Growth Rate was 1.50%. The lowest was 1.50%. And the median was 1.50%.

Total Assets is connected with ROA %. Western Exploration's annualized ROA % for the quarter that ended in Mar. 2024 was -20.23%. Total Assets is also linked to Revenue through Asset Turnover. Western Exploration's Asset Turnover for the quarter that ended in Mar. 2024 was 0.00.

Western Exploration Total Assets Historical Data

The historical data trend for Western Exploration'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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Western Exploration Total Assets Chart

Western Exploration Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Total Assets

12.63

18.09

13.55

12.47

Western Exploration Quarterly Data
	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial						12.93	15.90	13.78	12.47	18.26

Western Exploration 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.

Western Exploration'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 )
	=	10.695	+	1.779
	=	12.47

Western Exploration'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 )
	=	16.364	+	1.891
	=	18.26

Western Exploration (TSXV:WEX) Total Assets Explanation

Total Assets is connected with ROA %.

Western Exploration'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 )
	=	-3.108	/	( (12.473	+	18.255)	/ 2 )
	=	-3.108	/	15.364
	=	-20.23 %

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.

Western Exploration'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	/	( (12.473	+	18.255)	/ 2 )
=	0	/	15.364
=	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.

Western Exploration Total Assets Related Terms

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Western Exploration (TSXV:WEX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Western Exploration Inc (TSXV:WEX) » Definitions » Total Assets

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Traded in Other Exchanges

WEXPF:USA

Address

121 Woodland Avenue, Suite 140, Reno, NV, USA, 89523

Website

https://www.westernexploration.com

Western Exploration Inc is a Nevada-focused precious metals exploration company, aiming to be a gold and silver development company in North America. Its principal asset is the Aura gold-silver project located in Elko County, Nevada.

Executives