Orea Mining (TSX:OREA) Total Assets : C$0.52 Mil (As of Jun. 2023)

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What is Orea Mining Total Assets?

Orea Mining's Total Assets for the quarter that ended in Jun. 2023 was C$0.52 Mil.

During the past 12 months, Orea Mining's average Total Assets Growth Rate was -86.00% per year. During the past 3 years, the average Total Assets Growth Rate was -84.40% per year. During the past 5 years, the average Total Assets Growth Rate was -57.50% per year. During the past 10 years, the average Total Assets Growth Rate was -21.70% per year.

During the past 13 years, Orea Mining's highest 3-Year average Total Assets Growth Rate was 108.10%. The lowest was -84.40%. And the median was 11.80%.

Total Assets is connected with ROA %. Orea Mining's annualized ROA % for the quarter that ended in Jun. 2023 was -246.86%. Total Assets is also linked to Revenue through Asset Turnover. Orea Mining's Asset Turnover for the quarter that ended in Jun. 2023 was 0.00.

Orea Mining Total Assets Historical Data

The historical data trend for Orea 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.

Orea Mining Total Assets Chart

Orea Mining Annual Data

Trend

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Total Assets

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41.84

37.93

44.45

40.06

0.27

Orea Mining Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Total Assets	Get a 7-Day Free Trial															0.81	0.27	0.39	1.06	0.52

Orea 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.

Orea Mining's Total Assets for the fiscal year that ended in Sep. 2022 is calculated as

Total Assets	=	Total Equity (A: Sep. 2022 )	+	Total Liabilities (A: Sep. 2022 )
	=	-0.891	+	1.165
	=	0.27

Orea Mining's Total Assets for the quarter that ended in Jun. 2023 is calculated as

Total Assets	=	Total Equity (Q: Jun. 2023 )	+	Total Liabilities (Q: Jun. 2023 )
	=	-0.636	+	1.156
	=	0.52

Orea Mining (TSX:OREA) Total Assets Explanation

Total Assets is connected with ROA %.

Orea Mining's annualized ROA % for the quarter that ended in Jun. 2023 is

ROA %	=	Net Income (Q: Jun. 2023 )	/	( (Total Assets (Q: Mar. 2023 )	+	Total Assets (Q: Jun. 2023 ))	/ count )
	=	-1.944	/	( (1.055	+	0.52)	/ 2 )
	=	-1.944	/	0.7875
	=	-246.86 %

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

Orea Mining's Asset Turnover for the quarter that ended in Jun. 2023 is

	Asset Turnover
=	Revenue (Q: Jun. 2023 )	/	( (Total Assets (Q: Mar. 2023 )	+	Total Assets (Q: Jun. 2023 ))	/ count )
=	0	/	( (1.055	+	0.52)	/ 2 )
=	0	/	0.7875
=	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.

Orea Mining Total Assets Related Terms

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Orea Mining (TSX:OREA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Orea Mining Corp (TSX:OREA) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

OREAF:USA 3CG:Germany

Address

1090 Hamilton Street, Vancouver, BC, CAN, V6B 2R9

Website

https://www.oreamining.com

Orea Mining Corp is a gold exploration and development company. The company's principal business activities are the exploration and development of resource properties which are located in French Guiana, France. It operates two projects namely the Maripa project and Montagne d'Or Gold deposit.

Executives

Robert Giustra

Director, Senior Officer

Orea Mining (TSX:OREA) Headlines

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