Mosaic Minerals (XCNQ:MOC) Total Assets : C$2.27 Mil (As of Mar. 2024)

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What is Mosaic Minerals Total Assets?

Mosaic Minerals's Total Assets for the quarter that ended in Mar. 2024 was C$2.27 Mil.

During the past 12 months, Mosaic Minerals's average Total Assets Growth Rate was -8.60% per year. During the past 3 years, the average Total Assets Growth Rate was 50.20% per year. During the past 5 years, the average Total Assets Growth Rate was 43.90% per year.

During the past 6 years, Mosaic Minerals's highest 3-Year average Total Assets Growth Rate was 65.00%. The lowest was 46.80%. And the median was 50.20%.

Total Assets is connected with ROA %. Mosaic Minerals's annualized ROA % for the quarter that ended in Mar. 2024 was -19.38%. Total Assets is also linked to Revenue through Asset Turnover. Mosaic Minerals's Asset Turnover for the quarter that ended in Mar. 2024 was 0.00.

Mosaic Minerals Total Assets Historical Data

The historical data trend for Mosaic Minerals'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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Mosaic Minerals Total Assets Chart

Mosaic Minerals Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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0.73

0.54

1.77

2.77

2.48

Mosaic Minerals 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															2.89	2.78	2.74	2.48	2.27

Mosaic Minerals 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.

Mosaic Minerals'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 )
	=	2.18	+	0.297
	=	2.48

Mosaic Minerals'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 )
	=	2.065	+	0.205
	=	2.27

Mosaic Minerals (XCNQ:MOC) Total Assets Explanation

Total Assets is connected with ROA %.

Mosaic Minerals'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 )
	=	-0.46	/	( (2.477	+	2.27)	/ 2 )
	=	-0.46	/	2.3735
	=	-19.38 %

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.

Mosaic Minerals'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	/	( (2.477	+	2.27)	/ 2 )
=	0	/	2.3735
=	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.

Mosaic Minerals Total Assets Related Terms

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Mosaic Minerals (XCNQ:MOC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Mosaic Minerals Corp (XCNQ:MOC) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

410 St-Nicolas, Suite 236, Montreal, QC, CAN, H2Y2P5

Website

https://www.mosaicminerals.ca

Mosaic Minerals Corp specializes in the exploration of gold and lithium mining sites located in the province of Quebec, Canada. It has focused on the research, exploration, and development of base metal projects focusing on copper and nickel. The company's project portfolio includes Lithium projects, Gaboury, Lichen, and 113 North.

Executives

Maurice Giroux

10% Security Holder, Director, Senior Officer