Sage Potash (TSXV:SAGE) Total Assets : C$1.81 Mil (As of Dec. 2023)

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What is Sage Potash Total Assets?

Sage Potash's Total Assets for the quarter that ended in Dec. 2023 was C$1.81 Mil.

Total Assets is connected with ROA %. Sage Potash's annualized ROA % for the quarter that ended in Dec. 2023 was -149.09%. Total Assets is also linked to Revenue through Asset Turnover. Sage Potash's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Sage Potash Total Assets Historical Data

The historical data trend for Sage Potash'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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Sage Potash Total Assets Chart

Sage Potash Annual Data

Trend

Total Assets

Sage Potash Quarterly Data
	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial			-	-	2.19	2.15	1.81

Sage Potash 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.

Sage Potash's Total Assets for the fiscal year that ended in . 20 is calculated as

Total Assets	=	Total Equity (A: . 20 )	+	Total Liabilities (A: . 20 )
	=	N/A	+	N/A
	=	N/A

Sage Potash'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 )
	=	0.661	+	1.153
	=	1.81

Sage Potash (TSXV:SAGE) Total Assets Explanation

Total Assets is connected with ROA %.

Sage Potash'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 )
	=	-2.952	/	( (2.147	+	1.813)	/ 2 )
	=	-2.952	/	1.98
	=	-149.09 %

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.

Sage Potash'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	/	( (2.147	+	1.813)	/ 2 )
=	0	/	1.98
=	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.

Sage Potash Total Assets Related Terms

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Sage Potash (TSXV:SAGE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sage Potash Corp (TSXV:SAGE) » Definitions » Total Assets

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SGPTF:USA

Address

889 West Pender Street, Suite 605, Vancouver, BC, CAN, V6C 3B2

Website

https://www.sagepotash.com

Sage Potash Corp is engaged in the acquisition, exploration, and development of mineral properties. Its principal business activity is the acquisition, exploration, and development of potash mineral properties. It holds interest in Sage Plain Potash property. The projects of the company include Sage Potash and Sage Lithium.