EarthLabs (TSXV:SPOT) Total Assets : C$49.25 Mil (As of Dec. 2023)

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What is EarthLabs Total Assets?

EarthLabs's Total Assets for the quarter that ended in Dec. 2023 was C$49.25 Mil.

During the past 12 months, EarthLabs's average Total Assets Growth Rate was -51.10% per year. During the past 3 years, the average Total Assets Growth Rate was 67.80% per year. During the past 5 years, the average Total Assets Growth Rate was 308.70% per year.

During the past 7 years, EarthLabs's highest 3-Year average Total Assets Growth Rate was 1701.80%. The lowest was 67.80%. And the median was 311.80%.

Total Assets is connected with ROA %. EarthLabs's annualized ROA % for the quarter that ended in Dec. 2023 was -83.14%. Total Assets is also linked to Revenue through Asset Turnover. EarthLabs's Asset Turnover for the quarter that ended in Dec. 2023 was 0.01.

EarthLabs Total Assets Historical Data

The historical data trend for EarthLabs'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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EarthLabs Total Assets Chart

EarthLabs Annual Data

Trend

May17

May18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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10.26

23.73

73.13

63.27

49.25

EarthLabs Quarterly Data
	Feb19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial															63.27	64.42	62.69	58.72	49.25

EarthLabs 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.

EarthLabs'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 )
	=	43.662	+	5.59
	=	49.25

EarthLabs'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 )
	=	43.662	+	5.59
	=	49.25

EarthLabs (TSXV:SPOT) Total Assets Explanation

Total Assets is connected with ROA %.

EarthLabs'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 )
	=	-44.884	/	( (58.718	+	49.251)	/ 2 )
	=	-44.884	/	53.9845
	=	-83.14 %

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.

EarthLabs'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 )
=	0.581	/	( (58.718	+	49.251)	/ 2 )
=	0.581	/	53.9845
=	0.01

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.

EarthLabs Total Assets Related Terms

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EarthLabs (TSXV:SPOT) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » EarthLabs Inc (TSXV:SPOT) » Definitions » Total Assets

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SPOFF:USA

Address

69 Yonge Street, Suite 1010, Toronto, ON, CAN, M5E 1K3

Website

https://earthlabs.com

EarthLabs Inc is a mining investment and technology company. It offers a full suite of data and knowledge-driven SaaS tools and services. EarthLabs works with industry customers across all commodity and deposit types to identify new exploration targets, develop cutting-edge technologies, and strategically invest in mineral exploration companies. It operates in two reportable segments Exploration Technology Division which houses the Company's exploration SaaS and consulting services and field services divisions, and Financial Technology Division which houses the Company's financial technology (CEO.CA and DigiGeoData) and growing investment portfolio.

Executives