O3 Mining (TSXV:OIII) Total Assets : C$257.31 Mil (As of Mar. 2024)

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What is O3 Mining Total Assets?

O3 Mining's Total Assets for the quarter that ended in Mar. 2024 was C$257.31 Mil.

During the past 12 months, O3 Mining's average Total Assets Growth Rate was -11.30% per year. During the past 3 years, the average Total Assets Growth Rate was 13.60% per year. During the past 5 years, the average Total Assets Growth Rate was 338.60% per year. During the past 10 years, the average Total Assets Growth Rate was 251.50% per year.

During the past 13 years, O3 Mining's highest 3-Year average Total Assets Growth Rate was 2626.10%. The lowest was -91.10%. And the median was 3.35%.

Total Assets is connected with ROA %. O3 Mining's annualized ROA % for the quarter that ended in Mar. 2024 was -11.16%. Total Assets is also linked to Revenue through Asset Turnover. O3 Mining's Asset Turnover for the quarter that ended in Mar. 2024 was 0.00.

O3 Mining Total Assets Historical Data

The historical data trend for O3 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.

O3 Mining Total Assets Chart

O3 Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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168.04

211.05

261.99

269.54

261.89

O3 Mining Quarterly Data
	Jun19	Sep19	Dec19	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															269.92	275.97	275.17	261.89	257.31

O3 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.

O3 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 )
	=	228.248	+	33.639
	=	261.89

O3 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 )
	=	222.047	+	35.259
	=	257.31

O3 Mining (TSXV:OIII) Total Assets Explanation

Total Assets is connected with ROA %.

O3 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 )
	=	-28.972	/	( (261.887	+	257.306)	/ 2 )
	=	-28.972	/	259.5965
	=	-11.16 %

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.

O3 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	/	( (261.887	+	257.306)	/ 2 )
=	0	/	259.5965
=	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.

O3 Mining Total Assets Related Terms

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O3 Mining (TSXV:OIII) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » O3 Mining Inc (TSXV:OIII) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

OIIIF:USA 15A:Germany

Address

155 University Avenue, Suite 1440, Toronto, ON, CAN, M5H 3B7

Website

https://www.o3mining.ca

O3 Mining Inc is a Canadian mineral exploration company. It is engaged in the business of acquiring, exploring, and developing precious mineral deposits in Canada. The firm's property portfolio consists of Cadillac Break Properties, Marban Property, Alpha Property, Wydee Gold Property, and Matachewan Property.

Executives

Louis Gariepy	Senior Officer
Jose Vizquerra	Director, Director or Senior Officer of 10% Security Holder, Senior Officer

O3 Mining (TSXV:OIII) Headlines

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