Cannon Resources (ASX:CNR) Total Assets : A$15.31 Mil (As of Dec. 2021)

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What is Cannon Resources Total Assets?

Cannon Resources's Total Assets for the quarter that ended in Dec. 2021 was A$15.31 Mil.

Total Assets is connected with ROA %. Cannon Resources's annualized ROA % for the quarter that ended in Dec. 2021 was %. Total Assets is also linked to Revenue through Asset Turnover. Cannon Resources's Asset Turnover for the quarter that ended in Dec. 2021 was .

Cannon Resources Total Assets Historical Data

The historical data trend for Cannon 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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Cannon Resources Total Assets Chart

Cannon Resources Annual Data

Trend

Jun22

Total Assets

12.65

Cannon Resources Semi-Annual Data
	Dec21	Jun22
Total Assets	15.31	12.65

Cannon 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.

Cannon Resources's Total Assets for the fiscal year that ended in Jun. 2022 is calculated as

Total Assets	=	Total Equity (A: Jun. 2022 )	+	Total Liabilities (A: Jun. 2022 )
	=	11.254	+	1.395
	=	12.65

Cannon Resources's Total Assets for the quarter that ended in Dec. 2021 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2021 )	+	Total Liabilities (Q: Dec. 2021 )
	=	14.379	+	0.926
	=	15.31

Cannon Resources (ASX:CNR) Total Assets Explanation

Total Assets is connected with ROA %.

Cannon Resources's annualized ROA % for the quarter that ended in Dec. 2021 is

ROA %	=	Net Income (Q: Dec. 2021 )	/	( (Total Assets (Q: . 20 )	+	Total Assets (Q: Dec. 2021 ))	/ count )
	=		/	( (	+	)	/ )
	=		/
	=	%

Note: The Net Income data used here is two times the semi-annual (Dec. 2021) 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.

Cannon Resources's Asset Turnover for the quarter that ended in Dec. 2021 is

	Asset Turnover
=	Revenue (Q: Dec. 2021 )	/	( (Total Assets (Q: . 20 )	+	Total Assets (Q: Dec. 2021 ))	/ count )
=		/	( (	+	)	/ )
=		/
=

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.

Cannon Resources Total Assets Related Terms

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Cannon Resources (ASX:CNR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Cannon Resources Ltd (ASX:CNR) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

87 Colin Street, Level 2, West Perth, Perth, WA, AUS, 6005

Website

https://www.cannonres.com.au

Cannon Resources Ltd is a mineral exploration and development company. It is engaged in two projects located in the North-Eastern Goldfields region of Western Australia. The Fisher East Project contains nickel deposits of Camelwood, Cannonball, and Musket; and the Collurabbie Project. The Group operates within the mineral exploration industry in Australia.