Atha Energy (TSXV:SASK) Total Assets : C$78.74 Mil (As of Sep. 2023)

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What is Atha Energy Total Assets?

Atha Energy's Total Assets for the quarter that ended in Sep. 2023 was C$78.74 Mil.

During the past 12 months, Atha Energy's average Total Assets Growth Rate was 4863.90% per year.

Total Assets is connected with ROA %. Atha Energy's annualized ROA % for the quarter that ended in Sep. 2023 was -21.06%. Total Assets is also linked to Revenue through Asset Turnover. Atha Energy's Asset Turnover for the quarter that ended in Sep. 2023 was 0.00.

Atha Energy Total Assets Historical Data

The historical data trend for Atha Energy'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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Atha Energy Total Assets Chart

Atha Energy Annual Data

Trend

Dec21

Dec22

Total Assets

0.02

42.03

Atha Energy Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Total Assets	Get a 7-Day Free Trial					8.35	42.03	83.60	79.79	78.74

Atha Energy 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.

Atha Energy's Total Assets for the fiscal year that ended in Dec. 2022 is calculated as

Total Assets	=	Total Equity (A: Dec. 2022 )	+	Total Liabilities (A: Dec. 2022 )
	=	7.958	+	34.076
	=	42.03

Atha Energy's Total Assets for the quarter that ended in Sep. 2023 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2023 )	+	Total Liabilities (Q: Sep. 2023 )
	=	78.227	+	0.515
	=	78.74

Atha Energy (TSXV:SASK) Total Assets Explanation

Total Assets is connected with ROA %.

Atha Energy's annualized ROA % for the quarter that ended in Sep. 2023 is

ROA %	=	Net Income (Q: Sep. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
	=	-16.692	/	( (79.793	+	78.742)	/ 2 )
	=	-16.692	/	79.2675
	=	-21.06 %

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

Atha Energy's Asset Turnover for the quarter that ended in Sep. 2023 is

	Asset Turnover
=	Revenue (Q: Sep. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
=	0	/	( (79.793	+	78.742)	/ 2 )
=	0	/	79.2675
=	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.

Atha Energy Total Assets Related Terms

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Atha Energy (TSXV:SASK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Atha Energy Corp (TSXV:SASK) » Definitions » Total Assets

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Traded in Other Exchanges

SASKF:USA X5U:Germany

Address

1250 - 1066 Hastings St. W, Vancouver, BC, CAN, V6E 3X1

Website

https://www.athaenergy.com

Atha Energy Corp. is a mineral exploration company focused on the acquisition, exploration, and development of mineral resource properties. The company has the option to acquire a 100% interest and title to the Golden Rose property located in Northeastern Ontario and has signed an agreement to acquire significant acreage in Saskatchewan and Alberta.

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