Vortex Metals (Vortex Metals) Total Assets : $4.92 Mil (As of Mar. 2024)

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What is Vortex Metals Total Assets?

Vortex Metals's Total Assets for the quarter that ended in Mar. 2024 was $4.92 Mil.

During the past 12 months, Vortex Metals's average Total Assets Growth Rate was 12.10% per year. During the past 3 years, the average Total Assets Growth Rate was 1766.70% per year.

During the past 5 years, Vortex Metals's highest 3-Year average Total Assets Growth Rate was 1766.70%. The lowest was 1696.90%. And the median was 1731.80%.

Total Assets is connected with ROA %. Vortex Metals's annualized ROA % for the quarter that ended in Mar. 2024 was -14.18%. Total Assets is also linked to Revenue through Asset Turnover. Vortex Metals's Asset Turnover for the quarter that ended in Mar. 2024 was 0.00.

Vortex Metals Total Assets Historical Data

The historical data trend for Vortex Metals'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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Vortex Metals Total Assets Chart

Vortex Metals Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

0.07

0.01

3.17

5.80

5.07

Vortex Metals Quarterly Data
	Dec19	Sep20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial										5.47	5.46	4.98	5.07	4.92

Vortex Metals 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.

Vortex Metals'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 )
	=	3.517	+	1.55
	=	5.07

Vortex Metals'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 )
	=	3.347	+	1.571
	=	4.92

Vortex Metals (OTCPK:VMSSF) Total Assets Explanation

Total Assets is connected with ROA %.

Vortex Metals'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 )
	=	-0.708	/	( (5.068	+	4.917)	/ 2 )
	=	-0.708	/	4.9925
	=	-14.18 %

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.

Vortex Metals'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	/	( (5.068	+	4.917)	/ 2 )
=	0	/	4.9925
=	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.

Vortex Metals Total Assets Related Terms

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Vortex Metals (Vortex Metals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Vortex Metals Inc (OTCPK:VMSSF) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

DM8:Germany VMS:Canada

Address

120 Adelaide Street West, Suite 2500, Toronto, ON, CAN, M5H 1T1

Website

Vortex Metals Inc is engaged in the acquisition and exploration business. The company has an interest in two drill-ready high potential copper-gold volcanogenic massive sulfide (VMS) properties (Riqueza Marina and Zaachila) in the state of Oaxaca, and a third high-potential gold property (El Rescate) in the state of Puebla. The company has interest in Mexico Properties project.