Blast Resources (XCNQ:BLST) Total Assets : C$0.26 Mil (As of Oct. 2023)

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What is Blast Resources Total Assets?

Blast Resources's Total Assets for the quarter that ended in Oct. 2023 was C$0.26 Mil.

Total Assets is connected with ROA %. Blast Resources's annualized ROA % for the quarter that ended in Oct. 2023 was -111.15%. Total Assets is also linked to Revenue through Asset Turnover. Blast Resources's Asset Turnover for the quarter that ended in Oct. 2023 was 0.00.

Blast Resources Total Assets Historical Data

The historical data trend for Blast 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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Blast Resources Total Assets Chart

Blast Resources Annual Data

Trend

Jan22

Jan23

Total Assets

0.12

Blast Resources Quarterly Data
	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Total Assets	Get a 7-Day Free Trial			-	0.12	0.36	0.29	0.26

Blast 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.

Blast Resources'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 )
	=	0.055	+	0.069
	=	0.12

Blast Resources'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 )
	=	0.216	+	0.04
	=	0.26

Blast Resources (XCNQ:BLST) Total Assets Explanation

Total Assets is connected with ROA %.

Blast Resources'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 )
	=	-0.304	/	( (0.291	+	0.256)	/ 2 )
	=	-0.304	/	0.2735
	=	-111.15 %

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.

Blast Resources'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	/	( (0.291	+	0.256)	/ 2 )
=	0	/	0.2735
=	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.

Blast Resources Total Assets Related Terms

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Blast Resources (XCNQ:BLST) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Blast Resources Inc (XCNQ:BLST) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

580 Hornby Street, No. 380, Vancouver, BC, CAN, V6C 3B6

Website

Blast Resources Inc is a mineral exploration company engaged in acquiring, exploring, and evaluating resource properties. The Company holds the option to earn a 100% interest in the Property located near Vernon, Utah, United States in central Tooele County, Utah, United States. The Company's objective is to explore and, if warranted, develop the Property. The Company will evaluate opportunities to acquire interests in additional exploration-stage mineral properties.

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