Wolverine Resources (Wolverine Resources) Total Assets : $0.02 Mil (As of Feb. 2024)

View and export this data going back to 2009. Start your Free Trial

What is Wolverine Resources Total Assets?

Wolverine Resources's Total Assets for the quarter that ended in Feb. 2024 was $0.02 Mil.

During the past 12 months, Wolverine Resources's average Total Assets Growth Rate was 142.90% per year. During the past 3 years, the average Total Assets Growth Rate was -9.10% per year. During the past 5 years, the average Total Assets Growth Rate was 5.80% per year. During the past 10 years, the average Total Assets Growth Rate was -16.80% per year.

During the past 13 years, Wolverine Resources's highest 3-Year average Total Assets Growth Rate was 115.40%. The lowest was -78.60%. And the median was -9.10%.

Total Assets is connected with ROA %. Wolverine Resources's annualized ROA % for the quarter that ended in Feb. 2024 was -3,230.77%. Total Assets is also linked to Revenue through Asset Turnover. Wolverine Resources's Asset Turnover for the quarter that ended in Feb. 2024 was 0.00.

Wolverine Resources Total Assets Historical Data

The historical data trend for Wolverine Resources'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.

Wolverine Resources Total Assets Chart

Wolverine Resources Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Total Assets

Get a 7-Day Free Trial

0.01

0.02

0.01

Wolverine Resources Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Total Assets	Get a 7-Day Free Trial															0.01	-	0.01	-	0.02

Wolverine Resources 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.

Wolverine Resources's Total Assets for the fiscal year that ended in May. 2023 is calculated as

Total Assets	=	Total Equity (A: May. 2023 )	+	Total Liabilities (A: May. 2023 )
	=	-0.092	+	0.095
	=	0.00

Wolverine Resources's Total Assets for the quarter that ended in Feb. 2024 is calculated as

Total Assets	=	Total Equity (Q: Feb. 2024 )	+	Total Liabilities (Q: Feb. 2024 )
	=	-0.059	+	0.082
	=	0.02

Wolverine Resources (OTCPK:WOLV) Total Assets Explanation

Total Assets is connected with ROA %.

Wolverine Resources's annualized ROA % for the quarter that ended in Feb. 2024 is

ROA %	=	Net Income (Q: Feb. 2024 )	/	( (Total Assets (Q: Nov. 2023 )	+	Total Assets (Q: Feb. 2024 ))	/ count )
	=	-0.42	/	( (0.004	+	0.022)	/ 2 )
	=	-0.42	/	0.013
	=	-3,230.77 %

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

Wolverine Resources's Asset Turnover for the quarter that ended in Feb. 2024 is

	Asset Turnover
=	Revenue (Q: Feb. 2024 )	/	( (Total Assets (Q: Nov. 2023 )	+	Total Assets (Q: Feb. 2024 ))	/ count )
=	0	/	( (0.004	+	0.022)	/ 2 )
=	0	/	0.013
=	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.

Wolverine Resources Total Assets Related Terms

Thank you for viewing the detailed overview of Wolverine Resources's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

Wolverine Resources (Wolverine Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Wolverine Resources Corp (OTCPK:WOLV) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

11020-Williams Road, Suite 55, Richmond, BC, CAN, V7A 1X8

Website

https://www.wolverineresourcescorp.com

Wolverine Resources Corp is an exploration stage mining company engaged in the business of identification, acquisition, and exploration of metals and minerals with a focus on base and precious metals. Its projects include Labrador property located in Canada, which is also known as Cache river property, and Frog property.

Executives

Donald Kenneth Bowins	director	8955 EMIRY STREET, MISSION A1 V4S 1A6
Rich Resources Inc.	10 percent owner	3 PIWAS STREET, PO BOX 65, NATUASHISH A4 A0P 1A0
Richard Dean Haderer	director, officer: CEO & CFO	103 HUNTCROFT PLACE NE, CALGARY A0 T2K 4E6
Slade Dyer	director	33219 BROWN CRESCENT, MISSION A1 V2V 2R3
Craig Young	director	2612 TELFORD DRIVE, KAMLOOPS A1 V1S 0A3
Bruce Edward Costerd	director, officer: CEO	#55-11020 WILLIAMS ROAD, RICHMOND A1 V7A 1X8
Lee Costerd	director, officer: President & Secretary	4055 MCLEAN ROAD, QUESNEL A1 V2J 6V5
Luke Rich	director, officer: VP Expl. & Business Devlp.	P.O. BOX 65, NATUASHISH A4 A0P 1A0
David Ian Chalk	director	20629 86A AVENUE, LANGLEY A1 V1M 3X3