Altius Renewable Royalties (TSX:ARR) Total Assets : C$296.32 Mil (As of Mar. 2024)

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What is Altius Renewable Royalties Total Assets?

Altius Renewable Royalties's Total Assets for the quarter that ended in Mar. 2024 was C$296.32 Mil.

During the past 12 months, Altius Renewable Royalties's average Total Assets Growth Rate was -2.20% per year. During the past 3 years, the average Total Assets Growth Rate was 22.70% per year.

During the past 6 years, Altius Renewable Royalties's highest 3-Year average Total Assets Growth Rate was 119.30%. The lowest was 22.70%. And the median was 71.00%.

Total Assets is connected with ROA %. Altius Renewable Royalties's annualized ROA % for the quarter that ended in Mar. 2024 was -0.44%. Total Assets is also linked to Revenue through Asset Turnover. Altius Renewable Royalties's Asset Turnover for the quarter that ended in Mar. 2024 was 0.01.

Altius Renewable Royalties Total Assets Historical Data

The historical data trend for Altius Renewable Royalties'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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Altius Renewable Royalties Total Assets Chart

Altius Renewable Royalties Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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19.79

91.63

211.92

273.89

288.43

Altius Renewable Royalties Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial														276.40	270.06	276.36	288.43	296.32

Altius Renewable Royalties 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.

Altius Renewable Royalties's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	275.526	+	12.904
	=	288.43

Altius Renewable Royalties's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	282.287	+	14.037
	=	296.32

Altius Renewable Royalties (TSX:ARR) Total Assets Explanation

Total Assets is connected with ROA %.

Altius Renewable Royalties's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	-1.3	/	( (288.429	+	296.323)	/ 2 )
	=	-1.3	/	292.376
	=	-0.44 %

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

Altius Renewable Royalties's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	1.471	/	( (288.429	+	296.323)	/ 2 )
=	1.471	/	292.376
=	0.01

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.

Altius Renewable Royalties Total Assets Related Terms

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Altius Renewable Royalties (TSX:ARR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Altius Renewable Royalties Corp (TSX:ARR) » Definitions » Total Assets

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Traded in Other Exchanges

ATRWF:USA 7VZ:Germany

Address

38 Duffy Place, 2nd Floor, Saint Johns, NL, CAN, A1B 4M5

Website

https://www.arr.energy

Altius Renewable Royalties Corp is a renewable energy royalty company whose business is to invest in renewable power developers and originators. The company's long-term strategy is to gain exposure to revenue underlying renewable energy operations by acquiring and managing a portfolio of diversified renewable energy royalties including acquiring royalties and other interests directly from project originators, developers, operators, and third-party holders of existing royalties. The Company manages its business under one operating segment consisting of the acquisition and management of renewable energy investments and royalties in North America.

Executives

Frederick James Mifflin	Director or Senior Officer of 10% Security Holder
André Gaumond	Director, Director or Senior Officer of 10% Security Holder
Karen Elaine Clarke-whistler	Director
Brian Dalton	Director or Senior Officer of 10% Security Holder, Senior Officer