Carmanah Minerals (XCNQ:CARM) Total Assets : C$0.47 Mil (As of May. 2024)

View and export this data going back to 2022. Start your Free Trial

What is Carmanah Minerals Total Assets?

Carmanah Minerals's Total Assets for the quarter that ended in May. 2024 was C$0.47 Mil.

During the past 12 months, Carmanah Minerals's average Total Assets Growth Rate was 7.80% per year. During the past 3 years, the average Total Assets Growth Rate was 91.60% per year.

During the past 4 years, Carmanah Minerals's highest 3-Year average Total Assets Growth Rate was 91.60%. The lowest was 91.60%. And the median was 91.60%.

Total Assets is connected with ROA %. Carmanah Minerals's annualized ROA % for the quarter that ended in May. 2024 was -518.10%. Total Assets is also linked to Revenue through Asset Turnover. Carmanah Minerals's Asset Turnover for the quarter that ended in May. 2024 was 0.00.

Carmanah Minerals Total Assets Historical Data

The historical data trend for Carmanah 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.

* Premium members only.

Carmanah Minerals Total Assets Chart

Carmanah Minerals Annual Data

Trend

May21

May22

May23

May24

Total Assets

0.13

0.07

0.66

0.47

Carmanah Minerals Quarterly Data
	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24
Total Assets	Get a 7-Day Free Trial									0.66	0.61	0.66	0.78	0.47

Carmanah 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.

Carmanah Minerals's Total Assets for the fiscal year that ended in May. 2024 is calculated as

Total Assets	=	Total Equity (A: May. 2024 )	+	Total Liabilities (A: May. 2024 )
	=	0.336	+	0.131
	=	0.47

Carmanah Minerals's Total Assets for the quarter that ended in May. 2024 is calculated as

Total Assets	=	Total Equity (Q: May. 2024 )	+	Total Liabilities (Q: May. 2024 )
	=	0.336	+	0.131
	=	0.47

Carmanah Minerals (XCNQ:CARM) Total Assets Explanation

Total Assets is connected with ROA %.

Carmanah Minerals's annualized ROA % for the quarter that ended in May. 2024 is

ROA %	=	Net Income (Q: May. 2024 )	/	( (Total Assets (Q: Feb. 2024 )	+	Total Assets (Q: May. 2024 ))	/ count )
	=	-3.22	/	( (0.776	+	0.467)	/ 2 )
	=	-3.22	/	0.6215
	=	-518.10 %

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

Carmanah Minerals's Asset Turnover for the quarter that ended in May. 2024 is

	Asset Turnover
=	Revenue (Q: May. 2024 )	/	( (Total Assets (Q: Feb. 2024 )	+	Total Assets (Q: May. 2024 ))	/ count )
=	0	/	( (0.776	+	0.467)	/ 2 )
=	0	/	0.6215
=	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.

Carmanah Minerals Total Assets Related Terms

Thank you for viewing the detailed overview of Carmanah Minerals's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

Carmanah Minerals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Carmanah Minerals Corp (XCNQ:CARM) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

111 Melville Street, Suite 1100, Vancouver, BC, CAN, V6E 3V6

Website

https://www.carmanahcorp.ca

Carmanah Minerals Corp is in the exploration stage company. It engages in the exploration and development of mineral properties in Canada. The projects in which the company holds an interest are Walker Project (Uranium), Hare Hill Project (Pluton), and Loljuh Project.

Executives

Karim Rayani

10% Security Holder