Rush Rare Metals (XCNQ:RSH) Total Assets : C$1.03 Mil (As of Mar. 2024)

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What is Rush Rare Metals Total Assets?

Rush Rare Metals's Total Assets for the quarter that ended in Mar. 2024 was C$1.03 Mil.

During the past 12 months, Rush Rare Metals's average Total Assets Growth Rate was -36.60% per year.

Total Assets is connected with ROA %. Rush Rare Metals's annualized ROA % for the quarter that ended in Mar. 2024 was -49.97%. Total Assets is also linked to Revenue through Asset Turnover. Rush Rare Metals's Asset Turnover for the quarter that ended in Mar. 2024 was 0.00.

Rush Rare Metals Total Assets Historical Data

The historical data trend for Rush Rare 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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Rush Rare Metals Total Assets Chart

Rush Rare Metals Annual Data

Trend

Jun22

Jun23

Total Assets

0.70

1.00

Rush Rare Metals Quarterly Data
	Mar22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial			1.17	1.00	0.86	0.81	1.03

Rush Rare 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.

Rush Rare Metals's Total Assets for the fiscal year that ended in Jun. 2023 is calculated as

Total Assets	=	Total Equity (A: Jun. 2023 )	+	Total Liabilities (A: Jun. 2023 )
	=	0.93	+	0.066
	=	1.00

Rush Rare 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 )
	=	0.993	+	0.039
	=	1.03

Rush Rare Metals (XCNQ:RSH) Total Assets Explanation

Total Assets is connected with ROA %.

Rush Rare 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 )
	=	-0.46	/	( (0.809	+	1.032)	/ 2 )
	=	-0.46	/	0.9205
	=	-49.97 %

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.

Rush Rare 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	/	( (0.809	+	1.032)	/ 2 )
=	0	/	0.9205
=	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.

Rush Rare Metals Total Assets Related Terms

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Rush Rare Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Rush Rare Metals Corp (XCNQ:RSH) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

K9A:Germany

Address

1090 West Georgia Street, Suite 600, Vancouver, BC, CAN, V6E 3V7

Website

https://www.rushraremetals.com

Rush Rare Metals Corp is a mineral exploration company focused on its Boxi Property located in the Province of Quebec, Canada. The company also owns the Copper Mountain Project located in Wyoming, USA.

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