Pacific Ridge Exploration (TSXV:PEX) Total Assets : C$6.19 Mil (As of Mar. 2024)

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What is Pacific Ridge Exploration Total Assets?

Pacific Ridge Exploration's Total Assets for the quarter that ended in Mar. 2024 was C$6.19 Mil.

During the past 12 months, Pacific Ridge Exploration's average Total Assets Growth Rate was 418.40% per year. During the past 3 years, the average Total Assets Growth Rate was 102.40% per year. During the past 5 years, the average Total Assets Growth Rate was 42.80% per year. During the past 10 years, the average Total Assets Growth Rate was 9.10% per year.

During the past 13 years, Pacific Ridge Exploration's highest 3-Year average Total Assets Growth Rate was 102.40%. The lowest was -68.10%. And the median was -1.10%.

Total Assets is connected with ROA %. Pacific Ridge Exploration's annualized ROA % for the quarter that ended in Mar. 2024 was -28.13%. Total Assets is also linked to Revenue through Asset Turnover. Pacific Ridge Exploration's Asset Turnover for the quarter that ended in Mar. 2024 was 0.00.

Pacific Ridge Exploration Total Assets Historical Data

The historical data trend for Pacific Ridge Exploration'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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Pacific Ridge Exploration Total Assets Chart

Pacific Ridge Exploration Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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1.39

1.23

1.34

8.63

5.16

Pacific Ridge Exploration 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															8.85	12.14	7.43	5.16	6.19

Pacific Ridge Exploration 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.

Pacific Ridge Exploration'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 )
	=	4.525	+	0.632
	=	5.16

Pacific Ridge Exploration'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 )
	=	5.723	+	0.467
	=	6.19

Pacific Ridge Exploration (TSXV:PEX) Total Assets Explanation

Total Assets is connected with ROA %.

Pacific Ridge Exploration'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 )
	=	-1.596	/	( (5.157	+	6.19)	/ 2 )
	=	-1.596	/	5.6735
	=	-28.13 %

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.

Pacific Ridge Exploration'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	/	( (5.157	+	6.19)	/ 2 )
=	0	/	5.6735
=	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.

Pacific Ridge Exploration Total Assets Related Terms

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Pacific Ridge Exploration (TSXV:PEX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Pacific Ridge Exploration Ltd (TSXV:PEX) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

PEXZF:USA PQWN:Germany

Address

1111 Melville Street, Suite 1100, Vancouver, BC, CAN, V6E 3V6

Website

https://www.pacificridgeexploration.com

Pacific Ridge Exploration Ltd is an exploration stage company engaged in the acquisition and exploration of mineral properties in Canada and the United States. The company explores zinc and gold deposits. Its projects portfolio includes White Gold property located in Yukon that includes Mariposa, Gold Cap, and Eureka Dome; Fyre Lake property located in Yukon and Spius property located in British Columbia.

Executives

Salvador Miranda	Senior Officer
Arie Alisen Page	Senior Officer