Four Nines Gold (XCNQ:FNAU) Total Assets : C$0.84 Mil (As of Oct. 2023)

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What is Four Nines Gold Total Assets?

Four Nines Gold's Total Assets for the quarter that ended in Oct. 2023 was C$0.84 Mil.

During the past 12 months, Four Nines Gold's average Total Assets Growth Rate was 59.40% per year. During the past 3 years, the average Total Assets Growth Rate was 750.40% per year. During the past 5 years, the average Total Assets Growth Rate was 46.30% per year.

During the past 7 years, Four Nines Gold's highest 3-Year average Total Assets Growth Rate was 750.40%. The lowest was -75.70%. And the median was 37.00%.

Total Assets is connected with ROA %. Four Nines Gold's annualized ROA % for the quarter that ended in Oct. 2023 was -30.75%. Total Assets is also linked to Revenue through Asset Turnover. Four Nines Gold's Asset Turnover for the quarter that ended in Oct. 2023 was 0.00.

Four Nines Gold Total Assets Historical Data

The historical data trend for Four Nines Gold'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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Four Nines Gold Total Assets Chart

Four Nines Gold Annual Data

Trend

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Total Assets

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0.82

0.72

0.58

1.25

0.86

Four Nines Gold Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Total Assets	Get a 7-Day Free Trial															0.93	0.86	0.81	0.59	0.84

Four Nines Gold 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.

Four Nines Gold's Total Assets for the fiscal year that ended in Jan. 2023 is calculated as

Total Assets	=	Total Equity (A: Jan. 2023 )	+	Total Liabilities (A: Jan. 2023 )
	=	0.816	+	0.045
	=	0.86

Four Nines Gold's Total Assets for the quarter that ended in Oct. 2023 is calculated as

Total Assets	=	Total Equity (Q: Oct. 2023 )	+	Total Liabilities (Q: Oct. 2023 )
	=	0.596	+	0.247
	=	0.84

Four Nines Gold (XCNQ:FNAU) Total Assets Explanation

Total Assets is connected with ROA %.

Four Nines Gold's annualized ROA % for the quarter that ended in Oct. 2023 is

ROA %	=	Net Income (Q: Oct. 2023 )	/	( (Total Assets (Q: Jul. 2023 )	+	Total Assets (Q: Oct. 2023 ))	/ count )
	=	-0.22	/	( (0.588	+	0.843)	/ 2 )
	=	-0.22	/	0.7155
	=	-30.75 %

Note: The Net Income data used here is four times the quarterly (Oct. 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.

Four Nines Gold's Asset Turnover for the quarter that ended in Oct. 2023 is

	Asset Turnover
=	Revenue (Q: Oct. 2023 )	/	( (Total Assets (Q: Jul. 2023 )	+	Total Assets (Q: Oct. 2023 ))	/ count )
=	0	/	( (0.588	+	0.843)	/ 2 )
=	0	/	0.7155
=	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.

Four Nines Gold Total Assets Related Terms

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Four Nines Gold (XCNQ:FNAU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Four Nines Gold Inc (XCNQ:FNAU) » Definitions » Total Assets

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FNAUF:USA

Address

409 Granville Street, Suite 1000, Harmony Corporate Services, Vancouver, BC, CAN, V6C 1T2

Website

http://www.fourninesgold.ca

Four Nines Gold Inc is engaged in exploration activity. Its project includes the Bonneville Property and Lassen Property.

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