Omineca Mining and Metals (TSXV:OMM) Total Assets : C$17.22 Mil (As of Dec. 2023)

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What is Omineca Mining and Metals Total Assets?

Omineca Mining and Metals's Total Assets for the quarter that ended in Dec. 2023 was C$17.22 Mil.

During the past 12 months, Omineca Mining and Metals's average Total Assets Growth Rate was 2.20% per year. During the past 3 years, the average Total Assets Growth Rate was 13.90% per year. During the past 5 years, the average Total Assets Growth Rate was 19.40% per year. During the past 10 years, the average Total Assets Growth Rate was 9.90% per year.

During the past 13 years, Omineca Mining and Metals's highest 3-Year average Total Assets Growth Rate was 233.50%. The lowest was -12.60%. And the median was 13.70%.

Total Assets is connected with ROA %. Omineca Mining and Metals's annualized ROA % for the quarter that ended in Dec. 2023 was -10.80%. Total Assets is also linked to Revenue through Asset Turnover. Omineca Mining and Metals's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Omineca Mining and Metals Total Assets Historical Data

The historical data trend for Omineca Mining and Metals'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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Omineca Mining and Metals Total Assets Chart

Omineca Mining and Metals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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8.21

15.04

15.78

15.70

17.22

Omineca Mining and Metals Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial															15.48	15.70	18.38	17.67	17.22

Omineca Mining and Metals 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.

Omineca Mining and Metals'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 )
	=	6.371	+	10.85
	=	17.22

Omineca Mining and Metals's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	6.371	+	10.85
	=	17.22

Omineca Mining and Metals (TSXV:OMM) Total Assets Explanation

Total Assets is connected with ROA %.

Omineca Mining and Metals's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	-1.884	/	( (17.672	+	17.221)	/ 2 )
	=	-1.884	/	17.4465
	=	-10.80 %

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

Omineca Mining and Metals's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	0	/	( (17.672	+	17.221)	/ 2 )
=	0	/	17.4465
=	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.

Omineca Mining and Metals Total Assets Related Terms

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Omineca Mining and Metals (TSXV:OMM) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Omineca Mining and Metals Ltd (TSXV:OMM) » Definitions » Total Assets

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OMMSF:USA

Address

224-4th Avenue South, Suite 602, Saskatoon, SK, CAN, S7K 5M5

Website

https://www.ominecaminingandmetals.com

Omineca Mining and Metals Ltd is a junior gold company. Principally, it is engaged in the acquisition, exploration, and development of mineral properties. Its exploration and evaluation properties are classified into two geographical locations, namely British Columbia and the Yukon. The company's properties include the Fraser Canyon, Mouse Mountain, Wingdam and others.

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