Bocana Resources (TSXV:BOCA) Total Assets : C$0.96 Mil (As of Jun. 2023)

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What is Bocana Resources Total Assets?

Bocana Resources's Total Assets for the quarter that ended in Jun. 2023 was C$0.96 Mil.

During the past 12 months, Bocana Resources's average Total Assets Growth Rate was 233.30% per year. During the past 3 years, the average Total Assets Growth Rate was 29.80% per year. During the past 5 years, the average Total Assets Growth Rate was 27.40% per year. During the past 10 years, the average Total Assets Growth Rate was -50.40% per year.

During the past 13 years, Bocana Resources's highest 3-Year average Total Assets Growth Rate was 414.20%. The lowest was -89.20%. And the median was 13.70%.

Total Assets is connected with ROA %. Bocana Resources's annualized ROA % for the quarter that ended in Jun. 2023 was -64.55%. Total Assets is also linked to Revenue through Asset Turnover. Bocana Resources's Asset Turnover for the quarter that ended in Jun. 2023 was 0.00.

Bocana Resources Total Assets Historical Data

The historical data trend for Bocana 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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Bocana Resources Total Assets Chart

Bocana Resources Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Total Assets

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0.01

0.09

0.16

0.02

0.21

Bocana Resources Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Mar23	Jun23
Total Assets	Get a 7-Day Free Trial															0.56	0.39	0.35	1.06	0.96

Bocana 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.

Bocana Resources's Total Assets for the fiscal year that ended in Dec. 2020 is calculated as

Total Assets	=	Total Equity (A: Dec. 2020 )	+	Total Liabilities (A: Dec. 2020 )
	=	-0.228	+	0.435
	=	0.21

Bocana Resources's Total Assets for the quarter that ended in Jun. 2023 is calculated as

Total Assets	=	Total Equity (Q: Jun. 2023 )	+	Total Liabilities (Q: Jun. 2023 )
	=	0.839	+	0.122
	=	0.96

Bocana Resources (TSXV:BOCA) Total Assets Explanation

Total Assets is connected with ROA %.

Bocana Resources's annualized ROA % for the quarter that ended in Jun. 2023 is

ROA %	=	Net Income (Q: Jun. 2023 )	/	( (Total Assets (Q: Mar. 2023 )	+	Total Assets (Q: Jun. 2023 ))	/ count )
	=	-0.652	/	( (1.059	+	0.961)	/ 2 )
	=	-0.652	/	1.01
	=	-64.55 %

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

Bocana Resources's Asset Turnover for the quarter that ended in Jun. 2023 is

	Asset Turnover
=	Revenue (Q: Jun. 2023 )	/	( (Total Assets (Q: Mar. 2023 )	+	Total Assets (Q: Jun. 2023 ))	/ count )
=	0	/	( (1.059	+	0.961)	/ 2 )
=	0	/	1.01
=	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.

Bocana Resources Total Assets Related Terms

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Bocana Resources (TSXV:BOCA) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Bocana Resources Corp (TSXV:BOCA) » Definitions » Total Assets

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VC1:Germany

Address

333-7th Avenue South West, Suite 200, Calgary, AB, CAN, T2P 2Z1

Website

https://www.bocanaresources.com

Bocana Resources Corp is a mineral exploration company focused on the acquisition, exploration and development of mineral properties in South America. It holds a 100% working interest in the mineral properties known as the Escala area concessions located at the Department of Potosi, Sud Lipez Province, Bolivia.

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