Novo Resources (TSX:NVO) Total Assets : C$106.45 Mil (As of Dec. 2023)

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What is Novo Resources Total Assets?

Novo Resources's Total Assets for the quarter that ended in Dec. 2023 was C$106.45 Mil.

During the past 12 months, Novo Resources's average Total Assets Growth Rate was -54.50% per year. During the past 3 years, the average Total Assets Growth Rate was 15.10% per year. During the past 5 years, the average Total Assets Growth Rate was 13.60% per year. During the past 10 years, the average Total Assets Growth Rate was 44.00% per year.

During the past 13 years, Novo Resources's highest 3-Year average Total Assets Growth Rate was 367.40%. The lowest was 15.10%. And the median was 63.80%.

Total Assets is connected with ROA %. Novo Resources's annualized ROA % for the quarter that ended in Dec. 2023 was -229.98%. Total Assets is also linked to Revenue through Asset Turnover. Novo Resources's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Novo Resources Total Assets Historical Data

The historical data trend for Novo 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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Novo Resources Total Assets Chart

Novo Resources Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Dec21

Dec22

Dec23

Total Assets

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156.67

90.94

462.68

256.16

106.45

Novo Resources Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial															256.16	233.73	224.23	209.69	106.45

Novo 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.

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

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	84.922	+	21.529
	=	106.45

Novo 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 )
	=	84.922	+	21.529
	=	106.45

Novo Resources (TSX:NVO) Total Assets Explanation

Total Assets is connected with ROA %.

Novo 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 )
	=	-363.54	/	( (209.692	+	106.451)	/ 2 )
	=	-363.54	/	158.0715
	=	-229.98 %

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.

Novo 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	/	( (209.692	+	106.451)	/ 2 )
=	0	/	158.0715
=	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.

Novo Resources Total Assets Related Terms

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Novo Resources (TSX:NVO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Novo Resources Corp (TSX:NVO) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

NSRPF:USA 1NO:Germany NVO:Australia

Address

1199 West Hastings Street, Vancouver, BC, CAN, V6E 3T5

Website

https://www.novoresources.com

Novo Resources Corp is a company engaged in the business of evaluating, acquiring, and exploring natural resource properties with a focus on gold. The organization has business interests in properties located in Australia, Canada, and the USA. Its projects include Beatons Creek Property, Millennium Property, Blue Spec; Paleo-Placer; Comet Well, and others. It has two segments Mining operations and exploration operations.