MMX Mineracao E Metalicos (MMX Mineracao E Metalicos) Total Assets : $22.72 Mil (As of Mar. 2021)

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What is MMX Mineracao E Metalicos Total Assets?

MMX Mineracao E Metalicos's Total Assets for the quarter that ended in Mar. 2021 was $22.72 Mil.

Total Assets is connected with ROA %. MMX Mineracao E Metalicos's annualized ROA % for the quarter that ended in Mar. 2021 was -88.71%. Total Assets is also linked to Revenue through Asset Turnover. MMX Mineracao E Metalicos's Asset Turnover for the quarter that ended in Mar. 2021 was 0.00.

MMX Mineracao E Metalicos Total Assets Historical Data

The historical data trend for MMX Mineracao E Metalicos'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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MMX Mineracao E Metalicos Total Assets Chart

MMX Mineracao E Metalicos Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Total Assets

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55.51

51.21

31.59

29.90

24.87

MMX Mineracao E Metalicos Quarterly Data
	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21
Total Assets	Get a 7-Day Free Trial															25.57	24.47	23.94	24.87	22.72

MMX Mineracao E Metalicos 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.

MMX Mineracao E Metalicos's Total Assets for the fiscal year that ended in Dec. 2020 is calculated as

Total Assets	=	Total Equity (A: Dec. 2020 )	+	Total Liabilities (A: Dec. 2020 )
	=	-158.329	+	183.194
	=	24.87

MMX Mineracao E Metalicos's Total Assets for the quarter that ended in Mar. 2021 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2021 )	+	Total Liabilities (Q: Mar. 2021 )
	=	-149.831	+	172.547
	=	22.72

MMX Mineracao E Metalicos (GREY:MMXXF) Total Assets Explanation

Total Assets is connected with ROA %.

MMX Mineracao E Metalicos's annualized ROA % for the quarter that ended in Mar. 2021 is

ROA %	=	Net Income (Q: Mar. 2021 )	/	( (Total Assets (Q: Dec. 2020 )	+	Total Assets (Q: Mar. 2021 ))	/ count )
	=	-21.104	/	( (24.865	+	22.716)	/ 2 )
	=	-21.104	/	23.7905
	=	-88.71 %

Note: The Net Income data used here is four times the quarterly (Mar. 2021) 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.

MMX Mineracao E Metalicos's Asset Turnover for the quarter that ended in Mar. 2021 is

	Asset Turnover
=	Revenue (Q: Mar. 2021 )	/	( (Total Assets (Q: Dec. 2020 )	+	Total Assets (Q: Mar. 2021 ))	/ count )
=	0	/	( (24.865	+	22.716)	/ 2 )
=	0	/	23.7905
=	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.

MMX Mineracao E Metalicos Total Assets Related Terms

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MMX Mineracao E Metalicos (MMX Mineracao E Metalicos) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » MMX Mineracao E Metalicos SA (GREY:MMXXF) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rua Lauro Muller, 116 sala 1808, Botafogo Rio de Janeiro, Rio de Janeiro, RJ, BRA, 22290-160

Website

http://www.mmx.com.br

MMX Mineracao E Metalicos SA (MMX) is a Brazil-based company engaged in iron ore mining. The company has installed capacity to produce about 7 million metric tons of iron ore per year in its two systems, namely The Southeast System and the Corumba System. The Southeast System is formed by the Serra Azul and Bom Sucesso Units. It exploits the Tico-Tico and Ipe mines, located in the Serra Azul Region-in the iron mining area of Minas Gerais State. The company has also acquired the mining rights for the Pau de Vinho Mine. The iron ore produced by the Serra Azul Unit is sold to customers in Brazil and other countries.

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