Full Metal Minerals (Full Metal Minerals) Total Assets : $0.11 Mil (As of Feb. 2024)

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What is Full Metal Minerals Total Assets?

Full Metal Minerals's Total Assets for the quarter that ended in Feb. 2024 was $0.11 Mil.

During the past 12 months, Full Metal Minerals's average Total Assets Growth Rate was 17.20% per year. During the past 3 years, the average Total Assets Growth Rate was -16.90% per year. During the past 5 years, the average Total Assets Growth Rate was 34.20% per year. During the past 10 years, the average Total Assets Growth Rate was -12.00% per year.

During the past 13 years, Full Metal Minerals's highest 3-Year average Total Assets Growth Rate was 181.60%. The lowest was -76.30%. And the median was -16.90%.

Total Assets is connected with ROA %. Full Metal Minerals's annualized ROA % for the quarter that ended in Feb. 2024 was -330.10%. Total Assets is also linked to Revenue through Asset Turnover. Full Metal Minerals's Asset Turnover for the quarter that ended in Feb. 2024 was 0.00.

Full Metal Minerals Total Assets Historical Data

The historical data trend for Full Metal 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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Full Metal Minerals Total Assets Chart

Full Metal Minerals Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Total Assets

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0.19

0.15

0.96

0.24

0.10

Full Metal Minerals Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Total Assets	Get a 7-Day Free Trial															0.12	0.10	0.10	0.10	0.11

Full Metal 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.

Full Metal Minerals's Total Assets for the fiscal year that ended in May. 2023 is calculated as

Total Assets	=	Total Equity (A: May. 2023 )	+	Total Liabilities (A: May. 2023 )
	=	-0.217	+	0.321
	=	0.10

Full Metal Minerals's Total Assets for the quarter that ended in Feb. 2024 is calculated as

Total Assets	=	Total Equity (Q: Feb. 2024 )	+	Total Liabilities (Q: Feb. 2024 )
	=	-0.463	+	0.569
	=	0.11

Full Metal Minerals (OTCPK:FLMTF) Total Assets Explanation

Total Assets is connected with ROA %.

Full Metal Minerals's annualized ROA % for the quarter that ended in Feb. 2024 is

ROA %	=	Net Income (Q: Feb. 2024 )	/	( (Total Assets (Q: Nov. 2023 )	+	Total Assets (Q: Feb. 2024 ))	/ count )
	=	-0.34	/	( (0.101	+	0.105)	/ 2 )
	=	-0.34	/	0.103
	=	-330.10 %

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

Full Metal Minerals's Asset Turnover for the quarter that ended in Feb. 2024 is

	Asset Turnover
=	Revenue (Q: Feb. 2024 )	/	( (Total Assets (Q: Nov. 2023 )	+	Total Assets (Q: Feb. 2024 ))	/ count )
=	0	/	( (0.101	+	0.105)	/ 2 )
=	0	/	0.103
=	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.

Full Metal Minerals Total Assets Related Terms

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Full Metal Minerals (Full Metal Minerals) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Full Metal Minerals Ltd (OTCPK:FLMTF) » Definitions » Total Assets

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FMM:Canada

Address

409 Granville Street, Suite 1500, Vancouver, BC, CAN, V6C 1T2

Website

http://www.fullmetalminerals.com

Full Metal Minerals Ltd is a Canada-based mineral exploration company. The company is engaged in the acquisition, exploration, and development of resource properties. The firm operates in one segment which is mineral property acquisition and exploration, while all assets are located in Canada.

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