Earthwise Minerals (XCNQ:WISE) Total Assets : C$0.75 Mil (As of Dec. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Earthwise Minerals Total Assets?

Earthwise Minerals's Total Assets for the quarter that ended in Dec. 2023 was C$0.75 Mil.

During the past 12 months, Earthwise Minerals's average Total Assets Growth Rate was -25.40% per year. During the past 3 years, the average Total Assets Growth Rate was 111.80% per year.

During the past 4 years, Earthwise Minerals's highest 3-Year average Total Assets Growth Rate was 111.80%. The lowest was 111.80%. And the median was 111.80%.

Total Assets is connected with ROA %. Earthwise Minerals's annualized ROA % for the quarter that ended in Dec. 2023 was 50.60%. Total Assets is also linked to Revenue through Asset Turnover. Earthwise Minerals's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Earthwise Minerals Total Assets Historical Data

The historical data trend for Earthwise 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.

* Premium members only.

Earthwise Minerals Total Assets Chart

Earthwise Minerals Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Total Assets

0.21

0.90

1.62

0.67

Earthwise Minerals Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial											0.92	0.67	0.76	0.60	0.75

Earthwise 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.

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

Total Assets	=	Total Equity (A: Mar. 2023 )	+	Total Liabilities (A: Mar. 2023 )
	=	-0.18	+	0.849
	=	0.67

Earthwise Minerals's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	-0.055	+	0.8
	=	0.75

Earthwise Minerals (XCNQ:WISE) Total Assets Explanation

Total Assets is connected with ROA %.

Earthwise Minerals's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	0.34	/	( (0.599	+	0.745)	/ 2 )
	=	0.34	/	0.672
	=	50.60 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) 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.

Earthwise Minerals's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	0	/	( (0.599	+	0.745)	/ 2 )
=	0	/	0.672
=	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.

Earthwise Minerals Total Assets Related Terms

Thank you for viewing the detailed overview of Earthwise Minerals's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

Earthwise Minerals (XCNQ:WISE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Earthwise Minerals Corp (XCNQ:WISE) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

966:Germany

Address

409 Granville Street, Suite 1000, Vancouver, BC, CAN, V6C 1T2

Website

https://www.hawkmoonresources.com

Earthwise Minerals Corp is focused on junior-stage project acquisitions across Canada. One of the company projects is located in gold-endowed areas, the Abitibi Greenstone Belt. The Wilson Gold Project can be accessed by government-maintained roads located east of the town of Lebel-sur-Quevillon, Quebec.