Solaris Resources (TSX:SLS) Total Assets : C$71.46 Mil (As of Mar. 2024)

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What is Solaris Resources Total Assets?

Solaris Resources's Total Assets for the quarter that ended in Mar. 2024 was C$71.46 Mil.

During the past 12 months, Solaris Resources's average Total Assets Growth Rate was -1.00% per year. During the past 3 years, the average Total Assets Growth Rate was 4.10% per year. During the past 5 years, the average Total Assets Growth Rate was 0.90% per year.

During the past 6 years, Solaris Resources's highest 3-Year average Total Assets Growth Rate was 4.10%. The lowest was 1.00%. And the median was 2.55%.

Total Assets is connected with ROA %. Solaris Resources's annualized ROA % for the quarter that ended in Mar. 2024 was -89.29%. Total Assets is also linked to Revenue through Asset Turnover. Solaris Resources's Asset Turnover for the quarter that ended in Mar. 2024 was 0.00.

Solaris Resources Total Assets Historical Data

The historical data trend for Solaris 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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Solaris Resources Total Assets Chart

Solaris Resources Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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40.27

121.59

73.79

52.35

82.94

Solaris Resources Quarterly Data
	Jun19	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															65.94	51.32	41.05	82.94	71.46

Solaris 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.

Solaris Resources'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 )
	=	34.112	+	48.826
	=	82.94

Solaris Resources'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 )
	=	18.08	+	53.375
	=	71.46

Solaris Resources (TSX:SLS) Total Assets Explanation

Total Assets is connected with ROA %.

Solaris Resources'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 )
	=	-68.932	/	( (82.938	+	71.455)	/ 2 )
	=	-68.932	/	77.1965
	=	-89.29 %

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.

Solaris Resources'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 )
=	0	/	( (82.938	+	71.455)	/ 2 )
=	0	/	77.1965
=	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.

Solaris Resources Total Assets Related Terms

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Solaris Resources (TSX:SLS) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Solaris Resources Inc (TSX:SLS) » Definitions » Total Assets

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SLSSF:USA

Address

999 Canada Place, Suite 555, Vancouver, BC, CAN, V6C 3E1

Website

https://www.solarisresources.com

Solaris Resources Inc is advancing a portfolio of copper and gold assets in the Americas, which includes a high-grade resource with expansion and additional discovery potential at the Warintza copper and gold project in Ecuador; discovery potential on the grass-roots Tamarugo project in Chile and Capricho and Paco Orco projects in Peru; exposure to $130M spending 5-yrs through a farm-out agreement with Freeport-McMoRan on the Ricardo Project in Chile; and leverage to increasing copper prices through the 60% interest in the development-stage La Verde joint-venture project with Teck Resources in Mexico.

Executives