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Canadian Copper (XCNQ:CCI) Total Assets : C$4.31 Mil (As of Jan. 2024)


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What is Canadian Copper Total Assets?

Canadian Copper's Total Assets for the quarter that ended in Jan. 2024 was C$4.31 Mil.

During the past 12 months, Canadian Copper's average Total Assets Growth Rate was 168.60% per year.

Total Assets is connected with ROA %. Canadian Copper's annualized ROA % for the quarter that ended in Jan. 2024 was -25.07%. Total Assets is also linked to Revenue through Asset Turnover. Canadian Copper's Asset Turnover for the quarter that ended in Jan. 2024 was 0.00.


Canadian Copper Total Assets Historical Data

The historical data trend for Canadian Copper'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.

Canadian Copper Total Assets Chart

Canadian Copper Annual Data
Trend Oct21 Oct22 Oct23
Total Assets
1.76 2.54 3.70

Canadian Copper Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 2.45 2.19 4.36 3.70 4.31

Canadian Copper 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.

Canadian Copper's Total Assets for the fiscal year that ended in Oct. 2023 is calculated as

Total Assets=Total Equity (A: Oct. 2023 )+Total Liabilities (A: Oct. 2023 )
=3.504+0.198
=3.70

Canadian Copper's Total Assets for the quarter that ended in Jan. 2024 is calculated as

Total Assets=Total Equity (Q: Jan. 2024 )+Total Liabilities (Q: Jan. 2024 )
=3.895+0.414
=4.31

* 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.


Canadian Copper  (XCNQ:CCI) Total Assets Explanation

Total Assets is connected with ROA %.

Canadian Copper's annualized ROA % for the quarter that ended in Jan. 2024 is

ROA %=Net Income (Q: Jan. 2024 )/( (Total Assets (Q: Oct. 2023 )+Total Assets (Q: Jan. 2024 ))/ count )
=-1.004/( (3.702+4.309)/ 2 )
=-1.004/4.0055
=-25.07 %

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

Canadian Copper's Asset Turnover for the quarter that ended in Jan. 2024 is

Asset Turnover
=Revenue (Q: Jan. 2024 )/( (Total Assets (Q: Oct. 2023 )+Total Assets (Q: Jan. 2024 ))/ count )
=0/( (3.702+4.309)/ 2 )
=0/4.0055
=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.

Canadian Copper Total Assets Related Terms

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Canadian Copper (XCNQ:CCI) Business Description

Traded in Other Exchanges
N/A
Address
82 Richmond Street East, Toronto, ON, CAN, M5C 1P1
Canadian Copper Inc is a Canadian-based company. The company is a resource exploration company with a focus on the exploration and acquisition of copper assets in New Brunswick. The company is engaged in the identification, evaluation and acquisition of mineral properties in Canada.
Executives
Simon Quick Senior Officer