Fabled Copper (XCNQ:FABL) Total Assets : C$3.37 Mil (As of Sep. 2023)

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What is Fabled Copper Total Assets?

Fabled Copper's Total Assets for the quarter that ended in Sep. 2023 was C$3.37 Mil.

During the past 12 months, Fabled Copper's average Total Assets Growth Rate was -1.20% per year.

Total Assets is connected with ROA %. Fabled Copper's annualized ROA % for the quarter that ended in Sep. 2023 was -14.26%. Total Assets is also linked to Revenue through Asset Turnover. Fabled Copper's Asset Turnover for the quarter that ended in Sep. 2023 was 0.00.

Fabled Copper Total Assets Historical Data

The historical data trend for Fabled Copper'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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Fabled Copper Total Assets Chart

Fabled Copper Annual Data

Trend

Dec20

Dec21

Dec22

Total Assets

6.59

3.39

Fabled Copper Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Total Assets	Get a 7-Day Free Trial							3.51	3.39	3.30	3.48	3.37

Fabled Copper 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.

Fabled Copper's Total Assets for the fiscal year that ended in Dec. 2022 is calculated as

Total Assets	=	Total Equity (A: Dec. 2022 )	+	Total Liabilities (A: Dec. 2022 )
	=	2.653	+	0.733
	=	3.39

Fabled Copper's Total Assets for the quarter that ended in Sep. 2023 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2023 )	+	Total Liabilities (Q: Sep. 2023 )
	=	2.604	+	0.762
	=	3.37

Fabled Copper (XCNQ:FABL) Total Assets Explanation

Total Assets is connected with ROA %.

Fabled Copper's annualized ROA % for the quarter that ended in Sep. 2023 is

ROA %	=	Net Income (Q: Sep. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
	=	-0.488	/	( (3.476	+	3.366)	/ 2 )
	=	-0.488	/	3.421
	=	-14.26 %

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

Fabled Copper's Asset Turnover for the quarter that ended in Sep. 2023 is

	Asset Turnover
=	Revenue (Q: Sep. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
=	0	/	( (3.476	+	3.366)	/ 2 )
=	0	/	3.421
=	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.

Fabled Copper Total Assets Related Terms

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Fabled Copper (XCNQ:FABL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Fabled Copper Corp (XCNQ:FABL) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

FBCPF:USA XZ70:Germany

Address

1500 West Georgia Street, Suite 480, Vancouver, BC, CAN, V6G 2Z6

Website

https://www.fabledsilvergoldcorp.com

Fabled Copper Corp is a mineral resource company principally engaged in the acquisition and exploration of mineral resource properties. Its objective is to locate and develop precious metals, focusing initially on the exploration and development of the Muskwa Project. It has one reportable segment, which is the exploration and evaluation of exploration and evaluation assets. All of the Company's equipment and exploration and evaluation assets are located in Canada.

Fabled Copper (XCNQ:FABL) Headlines

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