Powerstone Metals (XCNQ:PS) Total Assets : C$0.80 Mil (As of Jan. 2024)

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What is Powerstone Metals Total Assets?

Powerstone Metals's Total Assets for the quarter that ended in Jan. 2024 was C$0.80 Mil.

During the past 12 months, Powerstone Metals's average Total Assets Growth Rate was 295.00% per year.

Total Assets is connected with ROA %. Powerstone Metals's annualized ROA % for the quarter that ended in Jan. 2024 was -23.90%. Total Assets is also linked to Revenue through Asset Turnover. Powerstone Metals's Asset Turnover for the quarter that ended in Jan. 2024 was 0.00.

Powerstone Metals Total Assets Historical Data

The historical data trend for Powerstone Metals'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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Powerstone Metals Total Assets Chart

Powerstone Metals Annual Data

Trend

Oct22

Oct23

Total Assets

0.44

0.81

Powerstone Metals Quarterly Data
	Jul22	Jan23	Apr23	Jul23	Oct23	Jan24
Total Assets	Get a 7-Day Free Trial			1.04	0.97	0.86	0.81	0.80

Powerstone Metals 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.

Powerstone Metals's Total Assets for the fiscal year that ended in Oct. 2023 is calculated as

Total Assets	=	Total Equity (A: Oct. 2023 )	+	Total Liabilities (A: Oct. 2023 )
	=	0.779	+	0.03
	=	0.81

Powerstone Metals's Total Assets for the quarter that ended in Jan. 2024 is calculated as

Total Assets	=	Total Equity (Q: Jan. 2024 )	+	Total Liabilities (Q: Jan. 2024 )
	=	0.736	+	0.062
	=	0.80

Powerstone Metals (XCNQ:PS) Total Assets Explanation

Total Assets is connected with ROA %.

Powerstone Metals's annualized ROA % for the quarter that ended in Jan. 2024 is

ROA %	=	Net Income (Q: Jan. 2024 )	/	( (Total Assets (Q: Oct. 2023 )	+	Total Assets (Q: Jan. 2024 ))	/ count )
	=	-0.192	/	( (0.809	+	0.798)	/ 2 )
	=	-0.192	/	0.8035
	=	-23.90 %

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

Powerstone Metals's Asset Turnover for the quarter that ended in Jan. 2024 is

	Asset Turnover
=	Revenue (Q: Jan. 2024 )	/	( (Total Assets (Q: Oct. 2023 )	+	Total Assets (Q: Jan. 2024 ))	/ count )
=	0	/	( (0.809	+	0.798)	/ 2 )
=	0	/	0.8035
=	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.

Powerstone Metals Total Assets Related Terms

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Powerstone Metals (XCNQ:PS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Powerstone Metals Corp (XCNQ:PS) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

PWMCF:USA W0R:Germany

Address

1040 West Georgia Street, 19th Floor, Suite 1900, Vancouver, BC, CAN, V6E 4H3

Website

https://www.powerstonemetals.com

Powerstone Metals Corp is a mineral exploration company focused on the identification and exploration of high-quality critical metals assets. It is exploring Chilton Cobalt, a prospective cobalt asset located in Quebec, Canada.

Executives