DeepRock Minerals (XCNQ:DEEP) Total Assets : C$0.50 Mil (As of Aug. 2024)

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What is DeepRock Minerals Total Assets?

DeepRock Minerals's Total Assets for the quarter that ended in Aug. 2024 was C$0.50 Mil.

During the past 12 months, DeepRock Minerals's average Total Assets Growth Rate was 18.90% per year. During the past 3 years, the average Total Assets Growth Rate was 33.50% per year. During the past 5 years, the average Total Assets Growth Rate was 59.70% per year.

During the past 8 years, DeepRock Minerals's highest 3-Year average Total Assets Growth Rate was 262.60%. The lowest was 15.80%. And the median was 33.50%.

Total Assets is connected with ROA %. DeepRock Minerals's annualized ROA % for the quarter that ended in Aug. 2024 was -33.97%. Total Assets is also linked to Revenue through Asset Turnover. DeepRock Minerals's Asset Turnover for the quarter that ended in Aug. 2024 was 0.00.

DeepRock Minerals Total Assets Historical Data

The historical data trend for DeepRock 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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DeepRock Minerals Total Assets Chart

DeepRock Minerals Annual Data

Trend

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Total Assets

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0.21

0.19

1.92

0.48

0.40

DeepRock Minerals Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
Total Assets	Get a 7-Day Free Trial															0.42	0.40	0.39	0.49	0.50

DeepRock 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.

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

Total Assets	=	Total Equity (A: Nov. 2023 )	+	Total Liabilities (A: Nov. 2023 )
	=	0.021	+	0.383
	=	0.40

DeepRock Minerals's Total Assets for the quarter that ended in Aug. 2024 is calculated as

Total Assets	=	Total Equity (Q: Aug. 2024 )	+	Total Liabilities (Q: Aug. 2024 )
	=	0.01	+	0.487
	=	0.50

DeepRock Minerals (XCNQ:DEEP) Total Assets Explanation

Total Assets is connected with ROA %.

DeepRock Minerals's annualized ROA % for the quarter that ended in Aug. 2024 is

ROA %	=	Net Income (Q: Aug. 2024 )	/	( (Total Assets (Q: May. 2024 )	+	Total Assets (Q: Aug. 2024 ))	/ count )
	=	-0.168	/	( (0.492	+	0.497)	/ 2 )
	=	-0.168	/	0.4945
	=	-33.97 %

Note: The Net Income data used here is four times the quarterly (Aug. 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.

DeepRock Minerals's Asset Turnover for the quarter that ended in Aug. 2024 is

	Asset Turnover
=	Revenue (Q: Aug. 2024 )	/	( (Total Assets (Q: May. 2024 )	+	Total Assets (Q: Aug. 2024 ))	/ count )
=	0	/	( (0.492	+	0.497)	/ 2 )
=	0	/	0.4945
=	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.

DeepRock Minerals Total Assets Related Terms

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DeepRock Minerals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » DeepRock Minerals Inc (XCNQ:DEEP) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

800 West Pender Street, Suite 1518, Vancouver, BC, CAN, V6C 2V6

Website

https://www.deeprockmineralsinc.com

DeepRock Minerals Inc is a mineral exploration and development company. It holds an interest in the Ralleau, Golden Gate, Lugar, Esperanca, Romanium, and Dragon Valley properties. The company has two geographic segments which are Canada and Brazil.

Executives

Matthew Reams	Director, Senior Officer
Richard Shatto	Director