Magna Mining (Magna Mining) Total Assets : $7.26 Mil (As of Mar. 2024)

View and export this data going back to 2022. Start your Free Trial

What is Magna Mining Total Assets?

Magna Mining's Total Assets for the quarter that ended in Mar. 2024 was $7.26 Mil.

During the past 12 months, Magna Mining's average Total Assets Growth Rate was 35.30% per year. During the past 3 years, the average Total Assets Growth Rate was 14.50% per year.

During the past 4 years, Magna Mining's highest 3-Year average Total Assets Growth Rate was 14.50%. The lowest was 14.50%. And the median was 14.50%.

Total Assets is connected with ROA %. Magna Mining's annualized ROA % for the quarter that ended in Mar. 2024 was -109.40%. Total Assets is also linked to Revenue through Asset Turnover. Magna Mining's Asset Turnover for the quarter that ended in Mar. 2024 was 0.00.

Magna Mining Total Assets Historical Data

The historical data trend for Magna Mining'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.

* Premium members only.

Magna Mining Total Assets Chart

Magna Mining Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Total Assets

2.14

5.46

5.67

9.52

Magna Mining Quarterly Data
	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												17.21	15.26	12.99	9.52	7.26

Magna Mining 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.

Magna Mining'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 )
	=	5.467	+	4.049
	=	9.52

Magna Mining'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 )
	=	3.292	+	3.967
	=	7.26

Magna Mining (OTCPK:MGMNF) Total Assets Explanation

Total Assets is connected with ROA %.

Magna Mining'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 )
	=	-9.176	/	( (9.516	+	7.259)	/ 2 )
	=	-9.176	/	8.3875
	=	-109.40 %

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.

Magna Mining'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	/	( (9.516	+	7.259)	/ 2 )
=	0	/	8.3875
=	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.

Magna Mining Total Assets Related Terms

Thank you for viewing the detailed overview of Magna Mining's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

Magna Mining (Magna Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Magna Mining Inc (OTCPK:MGMNF) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

8YD:Germany NICU:Canada

Address

45 Oak Street, Box 103, Dowling, ON, CAN, P0M 1R0

Website

https://www.magnamining.com

Magna Mining Inc is a Sudbury-focused base metal exploration and development company. It is prospective for nickel, copper, and PGM discoveries. Its projects include the Shakespeare Project and the Shining Tree Project. It has one reportable operating segment, being the acquisition, exploration and development of mineral properties. The Company's assets are located in Canada.

Magna Mining (Magna Mining) Headlines

From GuruFocus

The Power Play by The Market Herald Releases a New Interview with Magna Mining Discussing Their Latest News

By ACCESSWIRE ACCESSWIRE • 02-24-2023