Meryllion Resources (XCNQ:MYR) Total Assets : C$0.19 Mil (As of Dec. 2023)

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What is Meryllion Resources Total Assets?

Meryllion Resources's Total Assets for the quarter that ended in Dec. 2023 was C$0.19 Mil.

During the past 12 months, Meryllion Resources's average Total Assets Growth Rate was -78.70% per year. During the past 3 years, the average Total Assets Growth Rate was 18.60% per year. During the past 5 years, the average Total Assets Growth Rate was 56.70% per year. During the past 10 years, the average Total Assets Growth Rate was -10.40% per year.

During the past 12 years, Meryllion Resources's highest 3-Year average Total Assets Growth Rate was 212.70%. The lowest was -81.30%. And the median was 18.60%.

Total Assets is connected with ROA %. Meryllion Resources's annualized ROA % for the quarter that ended in Dec. 2023 was -253.38%. Total Assets is also linked to Revenue through Asset Turnover. Meryllion Resources's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Meryllion Resources Total Assets Historical Data

The historical data trend for Meryllion 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.

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Meryllion Resources Total Assets Chart

Meryllion Resources Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Total Assets

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0.02

0.04

0.61

0.59

0.10

Meryllion Resources Quarterly Data
	Mar19	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															0.63	0.47	0.45	0.10	0.19

Meryllion 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.

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

Total Assets	=	Total Equity (A: Sep. 2023 )	+	Total Liabilities (A: Sep. 2023 )
	=	-0.15	+	0.245
	=	0.10

Meryllion Resources'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 )
	=	-0.109	+	0.295
	=	0.19

Meryllion Resources (XCNQ:MYR) Total Assets Explanation

Total Assets is connected with ROA %.

Meryllion Resources'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 )
	=	-0.356	/	( (0.095	+	0.186)	/ 2 )
	=	-0.356	/	0.1405
	=	-253.38 %

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.

Meryllion Resources'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	/	( (0.095	+	0.186)	/ 2 )
=	0	/	0.1405
=	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.

Meryllion Resources Total Assets Related Terms

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Meryllion Resources (XCNQ:MYR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Meryllion Resources Corp (XCNQ:MYR) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

800 - 885 West Georgia Street, Vancouver, BC, CAN, V6C 3H1

Website

https://www.meryllionres.com

Meryllion Resources Corp is an exploration and development company focused on mineral exploration, mine development, and finance opportunities in Tier 1 jurisdictions, where the Company can earn interest by funding exploration. The Company is in the process of earning up to a 70% interest in the Mt Turner copper-molybdenum-gold and uranium project in north Queensland and has an option over the Oldham Range Polymetallic Project located 320kms west of Wiluna, Western Australia.

Executives

David Steinepreis

10% Security Holder, Director

Meryllion Resources (XCNQ:MYR) Headlines

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