Smooth Rock Ventures (TSXV:SMRV) Total Assets : C$1.88 Mil (As of Mar. 2024)

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What is Smooth Rock Ventures Total Assets?

Smooth Rock Ventures's Total Assets for the quarter that ended in Mar. 2024 was C$1.88 Mil.

During the past 12 months, Smooth Rock Ventures's average Total Assets Growth Rate was 6.30% per year. During the past 3 years, the average Total Assets Growth Rate was 0.40% per year. During the past 5 years, the average Total Assets Growth Rate was 151.70% per year. During the past 10 years, the average Total Assets Growth Rate was 1.10% per year.

During the past 13 years, Smooth Rock Ventures's highest 3-Year average Total Assets Growth Rate was 760.00%. The lowest was -89.70%. And the median was 19.60%.

Total Assets is connected with ROA %. Smooth Rock Ventures's annualized ROA % for the quarter that ended in Mar. 2024 was -4.68%. Total Assets is also linked to Revenue through Asset Turnover. Smooth Rock Ventures's Asset Turnover for the quarter that ended in Mar. 2024 was 0.00.

Smooth Rock Ventures Total Assets Historical Data

The historical data trend for Smooth Rock Ventures'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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Smooth Rock Ventures Total Assets Chart

Smooth Rock Ventures Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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1.09

2.31

2.50

1.99

1.88

Smooth Rock Ventures 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															1.97	1.94	1.90	1.88	1.88

Smooth Rock Ventures 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.

Smooth Rock Ventures'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 )
	=	0.954	+	0.927
	=	1.88

Smooth Rock Ventures'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 )
	=	0.932	+	0.943
	=	1.88

Smooth Rock Ventures (TSXV:SMRV) Total Assets Explanation

Total Assets is connected with ROA %.

Smooth Rock Ventures'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 )
	=	-0.088	/	( (1.882	+	1.875)	/ 2 )
	=	-0.088	/	1.8785
	=	-4.68 %

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.

Smooth Rock Ventures'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	/	( (1.882	+	1.875)	/ 2 )
=	0	/	1.8785
=	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.

Smooth Rock Ventures Total Assets Related Terms

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Smooth Rock Ventures (TSXV:SMRV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Smooth Rock Ventures Corp (TSXV:SMRV) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

SMRVF:USA YT1:Germany

Address

1130 West Pender Street, Suite 820, Vancouver, BC, CAN, V6E 4A4

Website

https://www.smoothrockventures.com

Smooth Rock Ventures Corp is an exploration stage company. The company is engaged in the acquisition, exploration, and development of mineral and metal properties in Canada and the United States. Its project portfolio includes Palmetto, Giroux project, Garfield Flat project and Loman Property.

Executives

Alan Richard Day

Director

Smooth Rock Ventures (TSXV:SMRV) Headlines

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