Iconic Minerals (Iconic Minerals) Total Assets : $2.81 Mil (As of Nov. 2023)

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What is Iconic Minerals Total Assets?

Iconic Minerals's Total Assets for the quarter that ended in Nov. 2023 was $2.81 Mil.

During the past 12 months, Iconic Minerals's average Total Assets Growth Rate was -74.50% per year. During the past 3 years, the average Total Assets Growth Rate was -22.20% per year. During the past 5 years, the average Total Assets Growth Rate was -2.10% per year. During the past 10 years, the average Total Assets Growth Rate was 0.20% per year.

During the past 13 years, Iconic Minerals's highest 3-Year average Total Assets Growth Rate was 385.40%. The lowest was -38.80%. And the median was 0.65%.

Total Assets is connected with ROA %. Iconic Minerals's annualized ROA % for the quarter that ended in Nov. 2023 was -35.92%. Total Assets is also linked to Revenue through Asset Turnover. Iconic Minerals's Asset Turnover for the quarter that ended in Nov. 2023 was 0.00.

Iconic Minerals Total Assets Historical Data

The historical data trend for Iconic Minerals'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.

* Premium members only.

Iconic Minerals Total Assets Chart

Iconic Minerals Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Total Assets

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2.61

3.46

5.59

6.98

3.16

Iconic Minerals Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Total Assets	Get a 7-Day Free Trial															5.39	4.54	4.02	3.16	2.81

Iconic Minerals 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.

Iconic Minerals's Total Assets for the fiscal year that ended in Aug. 2023 is calculated as

Total Assets	=	Total Equity (A: Aug. 2023 )	+	Total Liabilities (A: Aug. 2023 )
	=	2.132	+	1.032
	=	3.16

Iconic Minerals's Total Assets for the quarter that ended in Nov. 2023 is calculated as

Total Assets	=	Total Equity (Q: Nov. 2023 )	+	Total Liabilities (Q: Nov. 2023 )
	=	1.862	+	0.944
	=	2.81

Iconic Minerals (OTCPK:ICMFF) Total Assets Explanation

Total Assets is connected with ROA %.

Iconic Minerals's annualized ROA % for the quarter that ended in Nov. 2023 is

ROA %	=	Net Income (Q: Nov. 2023 )	/	( (Total Assets (Q: Aug. 2023 )	+	Total Assets (Q: Nov. 2023 ))	/ count )
	=	-1.072	/	( (3.164	+	2.805)	/ 2 )
	=	-1.072	/	2.9845
	=	-35.92 %

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

Iconic Minerals's Asset Turnover for the quarter that ended in Nov. 2023 is

	Asset Turnover
=	Revenue (Q: Nov. 2023 )	/	( (Total Assets (Q: Aug. 2023 )	+	Total Assets (Q: Nov. 2023 ))	/ count )
=	0	/	( (3.164	+	2.805)	/ 2 )
=	0	/	2.9845
=	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.

Iconic Minerals Total Assets Related Terms

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Iconic Minerals (Iconic Minerals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Iconic Minerals Ltd (OTCPK:ICMFF) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

YQG:Germany ICM:Canada

Address

303 - 595 Howe Street, P.O. Box 4, Vancouver, BC, CAN, V6C 2T5

Website

https://www.iconicminerals.com

Iconic Minerals Ltd is a mineral exploration company. It mainly focuses on acquiring and exploring gold and lithium properties in Nevada. The exploration assets of the company include New Pass property located in Churchill County; Midas South property located in Elko County; Bonnie Claire Lithium Project located in Nye County; Smith Creek Lithium Project and others.

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