Prime Mining (TSX:PRYM) Total Assets : C$41.97 Mil (As of Mar. 2024)

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What is Prime Mining Total Assets?

Prime Mining's Total Assets for the quarter that ended in Mar. 2024 was C$41.97 Mil.

During the past 12 months, Prime Mining's average Total Assets Growth Rate was -1.60% per year. During the past 3 years, the average Total Assets Growth Rate was 19.90% per year. During the past 5 years, the average Total Assets Growth Rate was 28.50% per year. During the past 10 years, the average Total Assets Growth Rate was 155.40% per year.

During the past 13 years, Prime Mining's highest 3-Year average Total Assets Growth Rate was 1673.50%. The lowest was -84.50%. And the median was 36.80%.

Total Assets is connected with ROA %. Prime Mining's annualized ROA % for the quarter that ended in Mar. 2024 was -57.41%. Total Assets is also linked to Revenue through Asset Turnover. Prime Mining's Asset Turnover for the quarter that ended in Mar. 2024 was 0.00.

Prime Mining Total Assets Historical Data

The historical data trend for Prime 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.

Prime Mining Total Assets Chart

Prime Mining Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Dec22

Dec23

Total Assets

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5.58

9.19

44.79

38.11

47.91

Prime Mining Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															38.11	33.83	53.35	47.91	41.97

Prime 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.

Prime 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 )
	=	44.613	+	3.296
	=	47.91

Prime 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 )
	=	39.782	+	2.188
	=	41.97

Prime Mining (TSX:PRYM) Total Assets Explanation

Total Assets is connected with ROA %.

Prime 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 )
	=	-25.8	/	( (47.908	+	41.97)	/ 2 )
	=	-25.8	/	44.939
	=	-57.41 %

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.

Prime 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	/	( (47.908	+	41.97)	/ 2 )
=	0	/	44.939
=	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.

Prime Mining Total Assets Related Terms

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Prime Mining (TSX:PRYM) Business Description

Industry

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

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PRMNF:USA O4V3:Germany

Address

1030 West Georgia Street, Suite 1507, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.primeminingcorp.ca

Prime Mining Corp is engaged in the acquisition, exploration, and development of mineral resource properties, primarily targeting high-value and specialty metals. The company's projects include Los Reyes; Magenta and others. The Company has one operating segment, which is the acquisition and exploration of mineral properties.

Executives

Kerry Elwyn Sparkes

Director

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