Greenland Resources (NEOE:MOLY) Total Assets : C$5.10 Mil (As of Dec. 2023)

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What is Greenland Resources Total Assets?

Greenland Resources's Total Assets for the quarter that ended in Dec. 2023 was C$5.10 Mil.

During the past 12 months, Greenland Resources's average Total Assets Growth Rate was 15.90% per year. During the past 3 years, the average Total Assets Growth Rate was 26.30% per year. During the past 5 years, the average Total Assets Growth Rate was -14.90% per year.

During the past 6 years, Greenland Resources's highest 3-Year average Total Assets Growth Rate was 26.30%. The lowest was -53.50%. And the median was -7.90%.

Total Assets is connected with ROA %. Greenland Resources's annualized ROA % for the quarter that ended in Dec. 2023 was -110.05%. Total Assets is also linked to Revenue through Asset Turnover. Greenland Resources's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Greenland Resources Total Assets Historical Data

The historical data trend for Greenland Resources'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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Greenland Resources Total Assets Chart

Greenland Resources Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Total Assets

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3.13

1.43

8.19

2.59

3.70

Greenland Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial															2.57	3.70	2.93	6.50	5.10

Greenland Resources 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.

Greenland Resources'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 )
	=	3.541	+	0.16
	=	3.70

Greenland Resources'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 )
	=	4.859	+	0.239
	=	5.10

Greenland Resources (NEOE:MOLY) Total Assets Explanation

Total Assets is connected with ROA %.

Greenland Resources'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 )
	=	-6.384	/	( (6.504	+	5.098)	/ 2 )
	=	-6.384	/	5.801
	=	-110.05 %

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.

Greenland Resources'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	/	( (6.504	+	5.098)	/ 2 )
=	0	/	5.801
=	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.

Greenland Resources Total Assets Related Terms

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Greenland Resources (NEOE:MOLY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Greenland Resources Inc (NEOE:MOLY) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

GRLRF:USA M0LY:Germany

Address

25 York Street, Suite 1810, Toronto, ON, CAN, M5J 2V5

Website

https://www.greenlandresources.ca

Greenland Resources Inc is focused on the development of its flagship project called Malmbjerg, a world-class Climax-type pure molybdenum mineral deposit near tidewater in east-central Greenland.

Executives

Ruben Shiffman

Director, Senior Officer

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