Zincx Resources (Zincx Resources) Total Assets : $18.90 Mil (As of Mar. 2024)

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What is Zincx Resources Total Assets?

Zincx Resources's Total Assets for the quarter that ended in Mar. 2024 was $18.90 Mil.

During the past 12 months, Zincx Resources's average Total Assets Growth Rate was -68.20% per year. During the past 3 years, the average Total Assets Growth Rate was -31.20% per year. During the past 5 years, the average Total Assets Growth Rate was -22.20% per year. During the past 10 years, the average Total Assets Growth Rate was -7.30% per year.

During the past 13 years, Zincx Resources's highest 3-Year average Total Assets Growth Rate was 898.10%. The lowest was -71.90%. And the median was 3.10%.

Total Assets is connected with ROA %. Zincx Resources's annualized ROA % for the quarter that ended in Mar. 2024 was -2.33%. Total Assets is also linked to Revenue through Asset Turnover. Zincx Resources's Asset Turnover for the quarter that ended in Mar. 2024 was 0.00.

Zincx Resources Total Assets Historical Data

The historical data trend for Zincx 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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Zincx Resources Total Assets Chart

Zincx Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Assets

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59.33

58.31

65.71

20.05

19.64

Zincx Resources 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															57.35	19.64	19.18	19.18	18.90

Zincx 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.

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

Total Assets	=	Total Equity (A: Jun. 2023 )	+	Total Liabilities (A: Jun. 2023 )
	=	18.519	+	1.124
	=	19.64

Zincx Resources'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 )
	=	17.858	+	1.042
	=	18.90

Zincx Resources (OTCPK:ZNCXF) Total Assets Explanation

Total Assets is connected with ROA %.

Zincx Resources'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 )
	=	-0.444	/	( (19.18	+	18.9)	/ 2 )
	=	-0.444	/	19.04
	=	-2.33 %

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.

Zincx Resources'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	/	( (19.18	+	18.9)	/ 2 )
=	0	/	19.04
=	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.

Zincx Resources Total Assets Related Terms

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Zincx Resources (Zincx Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Zincx Resources Corp (OTCPK:ZNCXF) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

M9R:Germany ZNX:Canada

Address

1055 West Georgia Street, Suite 2050, PO Box 11121, Royal Centre, Vancouver, BC, CAN, V6E 3P3

Website

https://www.zincxresources.com

Zincx Resources Corp is a mineral exploration company. The firm is engaged in the exploration and evaluation of resource properties in Canada. Its properties include Akie Property and Kechika Regional project in British Columbia. The company operates within Canada.