Peak Minerals (XCNQ:PEK) Total Assets : C$0.02 Mil (As of Dec. 2023)

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What is Peak Minerals Total Assets?

Peak Minerals's Total Assets for the quarter that ended in Dec. 2023 was C$0.02 Mil.

During the past 12 months, Peak Minerals's average Total Assets Growth Rate was -96.40% per year.

Total Assets is connected with ROA %. Peak Minerals's annualized ROA % for the quarter that ended in Dec. 2023 was -126.32%. Total Assets is also linked to Revenue through Asset Turnover. Peak Minerals's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Peak Minerals Total Assets Historical Data

The historical data trend for Peak 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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Peak Minerals Total Assets Chart

Peak Minerals Annual Data

Trend

Sep21

Sep22

Sep23

Total Assets

0.30

0.48

0.02

Peak Minerals Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial				0.39	0.34	0.27	0.02	0.02

Peak 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.

Peak Minerals'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 )
	=	-0.002	+	0.025
	=	0.02

Peak Minerals'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 )
	=	-0.007	+	0.023
	=	0.02

Peak Minerals (XCNQ:PEK) Total Assets Explanation

Total Assets is connected with ROA %.

Peak Minerals'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 )
	=	-0.024	/	( (0.023	+	0.015)	/ 2 )
	=	-0.024	/	0.019
	=	-126.32 %

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.

Peak Minerals'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	/	( (0.023	+	0.015)	/ 2 )
=	0	/	0.019
=	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.

Peak Minerals Total Assets Related Terms

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Peak Minerals (XCNQ:PEK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Peak Minerals Ltd (XCNQ:PEK) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

800 West Pender Street, Suite 615, Vancouver, BC, CAN, V6C 2V6

Website

Peak Minerals Ltd is engaged in the business of mineral exploration and the acquisition of mineral property assets in Canada. The company's properties include Aida Property consists located on the Shuswap Highland within the Kamloops Mining Division.