WAMFF (Western Alaska Minerals) Total Assets : $36.09 Mil (As of Sep. 2024)

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What is Western Alaska Minerals Total Assets?

Western Alaska Minerals's Total Assets for the quarter that ended in Sep. 2024 was $36.09 Mil.

During the past 12 months, Western Alaska Minerals's average Total Assets Growth Rate was 12.50% per year. During the past 3 years, the average Total Assets Growth Rate was 54.10% per year.

During the past 4 years, Western Alaska Minerals's highest 3-Year average Total Assets Growth Rate was 54.10%. The lowest was 54.10%. And the median was 54.10%.

Total Assets is connected with ROA %. Western Alaska Minerals's annualized ROA % for the quarter that ended in Sep. 2024 was -7.98%. Total Assets is also linked to Revenue through Asset Turnover. Western Alaska Minerals's Asset Turnover for the quarter that ended in Sep. 2024 was 0.00.

Western Alaska Minerals Total Assets Historical Data

The historical data trend for Western Alaska 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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Western Alaska Minerals Total Assets Chart

Western Alaska Minerals Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Total Assets

8.89

16.91

27.72

32.08

Western Alaska Minerals Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Assets	Get a 7-Day Free Trial													32.37	32.08	31.26	36.60	36.09

Western Alaska 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.

Western Alaska Minerals'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 )
	=	28.323	+	3.756
	=	32.08

Western Alaska Minerals's Total Assets for the quarter that ended in Sep. 2024 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2024 )	+	Total Liabilities (Q: Sep. 2024 )
	=	32.703	+	3.382
	=	36.09

Western Alaska Minerals (OTCPK:WAMFF) Total Assets Explanation

Total Assets is connected with ROA %.

Western Alaska Minerals's annualized ROA % for the quarter that ended in Sep. 2024 is

ROA %	=	Net Income (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
	=	-2.9	/	( (36.6	+	36.085)	/ 2 )
	=	-2.9	/	36.3425
	=	-7.98 %

Note: The Net Income data used here is four times the quarterly (Sep. 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 Alaska Minerals's Asset Turnover for the quarter that ended in Sep. 2024 is

	Asset Turnover
=	Revenue (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
=	0	/	( (36.6	+	36.085)	/ 2 )
=	0	/	36.3425
=	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 Alaska Minerals Total Assets Related Terms

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Western Alaska Minerals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Western Alaska Minerals Corp (OTCPK:WAMFF) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

MK71:Germany WAM:Canada

Address

3573 East Sunrise Drive, Suite 233, Tucson, AZ, USA, 85718

Website

https://www.westernalaskaminerals.com

Western Alaska Minerals Corp is engaged in the mineral exploration and development business. The company is focused on exploring the Illinois Creek Mining District in Western Alaska. The group's projects include IC Oxide Gold, Round Top Project, Honker Project, Waterpump Creek and TG North. Its portfolio consists of mineral deposits namely gold, silver, copper, and zinc.