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Nevada Lithium Resources (XCNQ:NVLH) Total Assets : C$38.84 Mil (As of Jan. 2024)


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What is Nevada Lithium Resources Total Assets?

Nevada Lithium Resources's Total Assets for the quarter that ended in Jan. 2024 was C$38.84 Mil.

During the past 12 months, Nevada Lithium Resources's average Total Assets Growth Rate was 321.00% per year.

Total Assets is connected with ROA %. Nevada Lithium Resources's annualized ROA % for the quarter that ended in Jan. 2024 was -9.62%. Total Assets is also linked to Revenue through Asset Turnover. Nevada Lithium Resources's Asset Turnover for the quarter that ended in Jan. 2024 was 0.00.

Nevada Lithium Resources Total Assets Historical Data

The historical data trend for Nevada Lithium 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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Nevada Lithium Resources Total Assets Chart

Nevada Lithium Resources Annual Data
Trend Apr21 Apr22 Apr23
Total Assets
5.05 8.81 13.56

Nevada Lithium Resources Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 8.83 13.56 40.56 39.67 38.84

Nevada Lithium 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.

Nevada Lithium Resources's Total Assets for the fiscal year that ended in Apr. 2023 is calculated as

Total Assets=Total Equity (A: Apr. 2023 )+Total Liabilities (A: Apr. 2023 )
=7.371+6.184
=13.56

Nevada Lithium Resources's Total Assets for the quarter that ended in Jan. 2024 is calculated as

Total Assets=Total Equity (Q: Jan. 2024 )+Total Liabilities (Q: Jan. 2024 )
=38.405+0.431
=38.84

* 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.

Nevada Lithium Resources  (XCNQ:NVLH) Total Assets Explanation

Total Assets is connected with ROA %.

Nevada Lithium Resources's annualized ROA % for the quarter that ended in Jan. 2024 is

ROA %=Net Income (Q: Jan. 2024 )/( (Total Assets (Q: Oct. 2023 )+Total Assets (Q: Jan. 2024 ))/ count )
=-3.776/( (39.667+38.836)/ 2 )
=-3.776/39.2515
=-9.62 %

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

Nevada Lithium Resources's Asset Turnover for the quarter that ended in Jan. 2024 is

Asset Turnover
=Revenue (Q: Jan. 2024 )/( (Total Assets (Q: Oct. 2023 )+Total Assets (Q: Jan. 2024 ))/ count )
=0/( (39.667+38.836)/ 2 )
=0/39.2515
=0.00

* 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.

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.

Nevada Lithium Resources Total Assets Related Terms

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Nevada Lithium Resources (XCNQ:NVLH) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nevada Lithium Resources Inc (XCNQ:NVLH) » Definitions » Total Assets
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Traded in Other Exchanges
NVLHF:USA 87K:Germany
Address
1055 West Georgia Street, Suite 1500, Royal Centre, Po Box 11117, Vancouver, BC, CAN, V6E 4N7
Website
https://www.nvlithium.com
Nevada Lithium Resources Inc is in the business of the exploration and evaluation of mineral properties. Its project involves the Bonnie Claire Project is located within a flat-bottomed salt basin that is surrounded by a complete pattern of mountain ranges.
Executives
Marcel Boekhoorn 10% Security Holder

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