Omega Pacific Resources (XCNQ:OMGA) Total Assets : C$0.42 Mil (As of Jan. 2024)

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What is Omega Pacific Resources Total Assets?

Omega Pacific Resources's Total Assets for the quarter that ended in Jan. 2024 was C$0.42 Mil.

Total Assets is connected with ROA %. Omega Pacific Resources's annualized ROA % for the quarter that ended in Jan. 2024 was -16.76%. Total Assets is also linked to Revenue through Asset Turnover. Omega Pacific Resources's Asset Turnover for the quarter that ended in Jan. 2024 was 0.00.

Omega Pacific Resources Total Assets Historical Data

The historical data trend for Omega Pacific Resources'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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Omega Pacific Resources Total Assets Chart

Omega Pacific Resources Annual Data

Trend

Oct22

Total Assets

0.53

Omega Pacific Resources Quarterly Data
	Jan23	Apr23	Jul23	Jan24
Total Assets	0.50	0.50	0.44	0.42

Omega Pacific Resources 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.

Omega Pacific Resources's Total Assets for the fiscal year that ended in Oct. 2022 is calculated as

Total Assets	=	Total Equity (A: Oct. 2022 )	+	Total Liabilities (A: Oct. 2022 )
	=	0.514	+	0.019
	=	0.53

Omega Pacific Resources's Total Assets for the quarter that ended in Jan. 2024 is calculated as

Total Assets	=	Total Equity (Q: Jan. 2024 )	+	Total Liabilities (Q: Jan. 2024 )
	=	0.411	+	0.011
	=	0.42

Omega Pacific Resources (XCNQ:OMGA) Total Assets Explanation

Total Assets is connected with ROA %.

Omega Pacific Resources's annualized ROA % for the quarter that ended in Jan. 2024 is

ROA %	=	Net Income (Q: Jan. 2024 )	/	( (Total Assets (Q: Jul. 2023 )	+	Total Assets (Q: Jan. 2024 ))	/ count )
	=	-0.072	/	( (0.437	+	0.422)	/ 2 )
	=	-0.072	/	0.4295
	=	-16.76 %

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

Omega Pacific Resources's Asset Turnover for the quarter that ended in Jan. 2024 is

	Asset Turnover
=	Revenue (Q: Jan. 2024 )	/	( (Total Assets (Q: Jul. 2023 )	+	Total Assets (Q: Jan. 2024 ))	/ count )
=	0	/	( (0.437	+	0.422)	/ 2 )
=	0	/	0.4295
=	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.

Omega Pacific Resources Total Assets Related Terms

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Omega Pacific Resources (XCNQ:OMGA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Omega Pacific Resources Inc (XCNQ:OMGA) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

Q0F:Germany

Address

750 West Pender Street, Suite 401, Vancouver, BC, CAN, V6C 2T7

Website

Omega Pacific Resources Inc is engaged in the business of mineral exploration in Canada. It mainly engages in the acquisition, exploration, and development of mineral exploration properties. It holds an interest in the Lekcin property located in the New Westminster Mining Division, British Columbia, Canada.