First Atlantic Nickel (TSXV:FAN) Total Assets : C$2.65 Mil (As of Oct. 2023)

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What is First Atlantic Nickel Total Assets?

First Atlantic Nickel's Total Assets for the quarter that ended in Oct. 2023 was C$2.65 Mil.

During the past 12 months, First Atlantic Nickel's average Total Assets Growth Rate was -25.60% per year. During the past 3 years, the average Total Assets Growth Rate was 74.50% per year. During the past 5 years, the average Total Assets Growth Rate was 172.30% per year. During the past 10 years, the average Total Assets Growth Rate was 14.30% per year.

During the past 12 years, First Atlantic Nickel's highest 3-Year average Total Assets Growth Rate was 331.70%. The lowest was -79.50%. And the median was 52.50%.

Total Assets is connected with ROA %. First Atlantic Nickel's annualized ROA % for the quarter that ended in Oct. 2023 was -59.39%. Total Assets is also linked to Revenue through Asset Turnover. First Atlantic Nickel's Asset Turnover for the quarter that ended in Oct. 2023 was 0.00.

First Atlantic Nickel Total Assets Historical Data

The historical data trend for First Atlantic Nickel'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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First Atlantic Nickel Total Assets Chart

First Atlantic Nickel Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Total Assets

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0.09

0.36

2.00

2.37

1.45

First Atlantic Nickel 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															2.57	1.45	1.93	2.18	2.65

First Atlantic Nickel 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.

First Atlantic Nickel'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 )
	=	0.825	+	0.626
	=	1.45

First Atlantic Nickel'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 )
	=	1.959	+	0.694
	=	2.65

First Atlantic Nickel (TSXV:FAN) Total Assets Explanation

Total Assets is connected with ROA %.

First Atlantic Nickel'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 )
	=	-1.436	/	( (2.183	+	2.653)	/ 2 )
	=	-1.436	/	2.418
	=	-59.39 %

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.

First Atlantic Nickel'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	/	( (2.183	+	2.653)	/ 2 )
=	0	/	2.418
=	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.

First Atlantic Nickel Total Assets Related Terms

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First Atlantic Nickel (TSXV:FAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » First Atlantic Nickel Corp (TSXV:FAN) » Definitions » Total Assets

Comparable Companies

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ACPRF:USA P210:Germany

Address

789 West Pender Street, Suite 810, Vancouver, BC, CAN, V6C 1H2

Website

https://www.arcpacific.ca

Avante Mining Corp, formerly ArcPacific Resources Corp is a Canadian-based exploration company expanding its exploration initiative on multiple projects which include past-producing gold and silver-gold-copper mines in the Timmins gold camp, in Ontario, and in the Nicola mining division in Southern British Columbia. The company is focused on creating shareholder value through new discoveries and strategic development of its mineral properties. ArcPacific owns a stake in the LMSL Copper Gold & Silver Project in British Columbia, Canada, which is known for its copper and gold deposits. The company also has exploratory properties in Canada, including the Blackdome gold project, which has revealed continuous gold mineralization.

Executives

Adrian Allister Smith

Director, Senior Officer