Quebec Rare Earth Elements (XCNQ:QREE) Total Assets : C$4.38 Mil (As of Jan. 2024)

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What is Quebec Rare Earth Elements Total Assets?

Quebec Rare Earth Elements's Total Assets for the quarter that ended in Jan. 2024 was C$4.38 Mil.

During the past 12 months, Quebec Rare Earth Elements's average Total Assets Growth Rate was -49.20% per year. During the past 3 years, the average Total Assets Growth Rate was -16.70% per year. During the past 5 years, the average Total Assets Growth Rate was -5.60% per year. During the past 10 years, the average Total Assets Growth Rate was 11.20% per year.

During the past 13 years, Quebec Rare Earth Elements's highest 3-Year average Total Assets Growth Rate was 514.40%. The lowest was -81.40%. And the median was 10.05%.

Total Assets is connected with ROA %. Quebec Rare Earth Elements's annualized ROA % for the quarter that ended in Jan. 2024 was -7.38%. Total Assets is also linked to Revenue through Asset Turnover. Quebec Rare Earth Elements's Asset Turnover for the quarter that ended in Jan. 2024 was 0.00.

Quebec Rare Earth Elements Total Assets Historical Data

The historical data trend for Quebec Rare Earth Elements'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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Quebec Rare Earth Elements Total Assets Chart

Quebec Rare Earth Elements Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Total Assets

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7.31

5.22

10.46

8.99

3.16

Quebec Rare Earth Elements Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Total Assets	Get a 7-Day Free Trial															8.68	3.16	4.47	4.40	4.38

Quebec Rare Earth Elements 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.

Quebec Rare Earth Elements's Total Assets for the fiscal year that ended in Apr. 2023 is calculated as

Total Assets	=	Total Equity (A: Apr. 2023 )	+	Total Liabilities (A: Apr. 2023 )
	=	3.026	+	0.136
	=	3.16

Quebec Rare Earth Elements'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 )
	=	4.241	+	0.134
	=	4.38

Quebec Rare Earth Elements (XCNQ:QREE) Total Assets Explanation

Total Assets is connected with ROA %.

Quebec Rare Earth Elements'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 )
	=	-0.324	/	( (4.404	+	4.375)	/ 2 )
	=	-0.324	/	4.3895
	=	-7.38 %

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.

Quebec Rare Earth Elements'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	/	( (4.404	+	4.375)	/ 2 )
=	0	/	4.3895
=	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.

Quebec Rare Earth Elements Total Assets Related Terms

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Quebec Rare Earth Elements (XCNQ:QREE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Quebec Rare Earth Elements Corp (XCNQ:QREE) » Definitions » Total Assets

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Traded in Other Exchanges

QQREF:USA 41K:Germany

Address

217 Queen Street West, Suite 401, Toronto, ON, CAN, M5V 0R2

Website

https://www.metallica-metals.com

Quebec Rare Earth Elements Corp is a junior exploration company targeting gold, silver, platinum, and palladium in some of the most active exploration districts in Canada. Its flagship asset, the Starr Project, is host to multiple high-grade gold and silver discoveries that have been identified through trenching, bulk sampling, and diamond drilling. In addition, the company is one of the landholders in the rapidly advancing Marathon/Thunder Bay North area mining districts where Generation Mining and Clean Air Metals are advancing their sizable high grade platinum-palladium +/- copper-nickel-silver-gold projects. The company also holds sizable land positions in British Columbia's Golden Triangle.

Executives

John Warren Jentz

10% Security Holder, Director