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Cornish Metals (TSXV:CUSN) Total Assets : C$102.84 Mil (As of Mar. 2024)


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What is Cornish Metals Total Assets?

Cornish Metals's Total Assets for the quarter that ended in Mar. 2024 was C$102.84 Mil.

During the past 12 months, Cornish Metals's average Total Assets Growth Rate was 89.20% per year. During the past 3 years, the average Total Assets Growth Rate was 23.50% per year. During the past 5 years, the average Total Assets Growth Rate was 27.60% per year. During the past 10 years, the average Total Assets Growth Rate was 27.90% per year.

During the past 13 years, Cornish Metals's highest 3-Year average Total Assets Growth Rate was 168.60%. The lowest was -64.70%. And the median was 19.15%.

Total Assets is connected with ROA %. Cornish Metals's annualized ROA % for the quarter that ended in Mar. 2024 was -9.97%. Total Assets is also linked to Revenue through Asset Turnover. Cornish Metals's Asset Turnover for the quarter that ended in Mar. 2024 was 0.00.


Cornish Metals Total Assets Historical Data

The historical data trend for Cornish 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.

* Premium members only.

Cornish Metals Total Assets Chart

Cornish Metals Annual Data
Trend Jan13 Jan14 Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22
Total Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 16.94 17.98 15.86 18.18 36.09

Cornish Metals Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Mar24
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 102.11 105.55 104.31 102.80 102.84

Cornish 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.

Cornish Metals's Total Assets for the fiscal year that ended in Jan. 2022 is calculated as

Total Assets=Total Equity (A: Jan. 2022 )+Total Liabilities (A: Jan. 2022 )
=20.711+15.377
=36.09

Cornish Metals'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 )
=89.122+13.721
=102.84

* 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.


Cornish Metals  (TSXV:CUSN) Total Assets Explanation

Total Assets is connected with ROA %.

Cornish Metals's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %=Net Income (Q: Mar. 2024 )/( (Total Assets (Q: Oct. 2023 )+Total Assets (Q: Mar. 2024 ))/ count )
=-10.248/( (102.796+102.844)/ 2 )
=-10.248/102.82
=-9.97 %

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.

Cornish Metals's Asset Turnover for the quarter that ended in Mar. 2024 is

Asset Turnover
=Revenue (Q: Mar. 2024 )/( (Total Assets (Q: Oct. 2023 )+Total Assets (Q: Mar. 2024 ))/ count )
=0/( (102.796+102.844)/ 2 )
=0/102.82
=0.00

* 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.

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.

Cornish Metals Total Assets Related Terms

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Cornish Metals (TSXV:CUSN) Business Description

Traded in Other Exchanges
Address
789 West Pender Street, Suite 960, Vancouver, BC, CAN, V6C 1H2
Cornish Metals Inc is building a portfolio of strategic metals assets in North America and the United Kingdom, and its flagship project is the past-producing South Crofty underground tin mine in Cornwall, UK. South Crofty is arguably the important historical tin mine in the UK and hosts the highest grade tin resources world wide. The project has the potential to be a high-grade tin producer in Europe.
Executives
Richard David Williams Director
Donald Robert Njegovan Director
Patrick Fergus Neill Anderson Director

Cornish Metals (TSXV:CUSN) Headlines

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