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Volta Metals (XCNQ:VLTA) Total Assets : C$1.15 Mil (As of Mar. 2024)


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What is Volta Metals Total Assets?

Volta Metals's Total Assets for the quarter that ended in Mar. 2024 was C$1.15 Mil.

During the past 12 months, Volta Metals's average Total Assets Growth Rate was 422.20% per year.

Total Assets is connected with ROA %. Volta Metals's annualized ROA % for the quarter that ended in Mar. 2024 was -58.99%. Total Assets is also linked to Revenue through Asset Turnover. Volta Metals's Asset Turnover for the quarter that ended in Mar. 2024 was 0.00.

Volta Metals Total Assets Historical Data

The historical data trend for Volta 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.

* Premium members only.

Volta Metals Total Assets Chart

Volta Metals Annual Data
Trend Dec22 Dec23
Total Assets
0.20 1.24

Volta Metals Quarterly Data
Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Total Assets Get a 7-Day Free Trial 0.22 2.05 1.39 1.24 1.15

Volta 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.

Volta 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 )
=1.123+0.114
=1.24

Volta 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 )
=0.975+0.176
=1.15

* 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.

Volta Metals  (XCNQ:VLTA) Total Assets Explanation

Total Assets is connected with ROA %.

Volta 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 )
=-0.704/( (1.237+1.15)/ 2 )
=-0.704/1.1935
=-58.99 %

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.

Volta 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/( (1.237+1.15)/ 2 )
=0/1.1935
=0.00

* 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.

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.

Volta Metals Total Assets Related Terms

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Volta Metals (XCNQ:VLTA) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Volta Metals Ltd (XCNQ:VLTA) » Definitions » Total Assets
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Traded in Other Exchanges
D0W:Germany
Address
390 Bay Street, Suite 700a, Toronto, ON, CAN, M5H 2Y2
Website
https://www.voltametals.ca
Volta Metals Ltd is a mineral exploration company focused on lithium, cesium and tantalum exploration in Canada, and led by a group of mining professionals. It is currently exploring a critical minerals portfolio of lithium, cesium and tantalum projects in northwestern Ontario, which is considered to be one of the more prolific emerging hard-rock lithium districts globally. The company's projects include Flacon west project, Root Project, White Lights Project, Kim Lake & Store Lake Project, Junior Lake Project, and Crescent Lake Project.
Executives
Kerem Usenmez Senior Officer