Manning Ventures (Manning Ventures) Total Assets : $6.63 Mil (As of Feb. 2024)

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What is Manning Ventures Total Assets?

Manning Ventures's Total Assets for the quarter that ended in Feb. 2024 was $6.63 Mil.

During the past 12 months, Manning Ventures's average Total Assets Growth Rate was -2.20% per year. During the past 3 years, the average Total Assets Growth Rate was 233.20% per year. During the past 5 years, the average Total Assets Growth Rate was 300.50% per year.

During the past 6 years, Manning Ventures's highest 3-Year average Total Assets Growth Rate was 741.30%. The lowest was 233.20%. And the median was 302.70%.

Total Assets is connected with ROA %. Manning Ventures's annualized ROA % for the quarter that ended in Feb. 2024 was -10.28%. Total Assets is also linked to Revenue through Asset Turnover. Manning Ventures's Asset Turnover for the quarter that ended in Feb. 2024 was 0.00.

Manning Ventures Total Assets Historical Data

The historical data trend for Manning Ventures'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.

Manning Ventures Total Assets Chart

Manning Ventures Annual Data

Trend

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Total Assets

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0.50

0.47

6.81

6.25

6.53

Manning Ventures 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															7.01	6.78	6.65	6.53	6.63

Manning Ventures 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.

Manning Ventures's Total Assets for the fiscal year that ended in Nov. 2023 is calculated as

Total Assets	=	Total Equity (A: Nov. 2023 )	+	Total Liabilities (A: Nov. 2023 )
	=	5.979	+	0.549
	=	6.53

Manning Ventures'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 )
	=	6.07	+	0.557
	=	6.63

Manning Ventures (OTCPK:MANVF) Total Assets Explanation

Total Assets is connected with ROA %.

Manning Ventures'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 )
	=	-0.676	/	( (6.527	+	6.627)	/ 2 )
	=	-0.676	/	6.577
	=	-10.28 %

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.

Manning Ventures'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	/	( (6.527	+	6.627)	/ 2 )
=	0	/	6.577
=	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.

Manning Ventures Total Assets Related Terms

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Manning Ventures (Manning Ventures) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Manning Ventures Inc (OTCPK:MANVF) » Definitions » Total Assets

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1H50:Germany MANN:Canada

Address

750 West Pender Street, Suite 303, Vancouver, BC, CAN, V6C 2T7

Website

https://manning-ventures.com

Manning Ventures Inc is a mineral exploration company and its principal business is the acquisition and exploration of mineral properties. The company's properties include Flint Lake, Hope Lake; Lac Simone; Little Sheep; Butterfly; Mount Hogan; Red Indian; Hydro Project; Heart Lake; Broken Lake; Bounty Lithium, and Dipole Project.

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