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Arizona Sonoran Copper Co (TSX:ASCU) Total Assets : C$148.39 Mil (As of Mar. 2024)


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What is Arizona Sonoran Copper Co Total Assets?

Arizona Sonoran Copper Co's Total Assets for the quarter that ended in Mar. 2024 was C$148.39 Mil.

During the past 12 months, Arizona Sonoran Copper Co's average Total Assets Growth Rate was 52.10% per year. During the past 3 years, the average Total Assets Growth Rate was 116.20% per year.

During the past 5 years, Arizona Sonoran Copper Co's highest 3-Year average Total Assets Growth Rate was 116.20%. The lowest was 62.00%. And the median was 89.10%.

Total Assets is connected with ROA %. Arizona Sonoran Copper Co's annualized ROA % for the quarter that ended in Mar. 2024 was -5.08%. Total Assets is also linked to Revenue through Asset Turnover. Arizona Sonoran Copper Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.00.

Arizona Sonoran Copper Co Total Assets Historical Data

The historical data trend for Arizona Sonoran Copper Co'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.

Arizona Sonoran Copper Co Total Assets Chart

Arizona Sonoran Copper Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Total Assets
15.96 23.04 69.66 94.52 153.05

Arizona Sonoran Copper Co Quarterly Data
Dec19 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 124.69 124.09 136.43 153.05 148.39

Arizona Sonoran Copper Co 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.

Arizona Sonoran Copper Co's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets=Total Equity (A: Dec. 2023 )+Total Liabilities (A: Dec. 2023 )
=113.428+39.621
=153.05

Arizona Sonoran Copper Co's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets=Total Equity (Q: Mar. 2024 )+Total Liabilities (Q: Mar. 2024 )
=113.425+34.965
=148.39

* 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.

Arizona Sonoran Copper Co  (TSX:ASCU) Total Assets Explanation

Total Assets is connected with ROA %.

Arizona Sonoran Copper Co's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %=Net Income (Q: Mar. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Mar. 2024 ))/ count )
=-7.652/( (153.05+148.39)/ 2 )
=-7.652/150.72
=-5.08 %

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

Arizona Sonoran Copper Co's Asset Turnover for the quarter that ended in Mar. 2024 is

Asset Turnover
=Revenue (Q: Mar. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Mar. 2024 ))/ count )
=0/( (153.05+148.39)/ 2 )
=0/150.72
=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.

Arizona Sonoran Copper Co Total Assets Related Terms

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Arizona Sonoran Copper Co (TSX:ASCU) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Arizona Sonoran Copper Co Inc (TSX:ASCU) » Definitions » Total Assets
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Traded in Other Exchanges
ASCUF:USA H6F:Germany
Address
Simpson Tower, 401 Bay Street, Suite 2704, Box Number 4, Toronto, ON, CAN, M5H 2Y4
Website
https://www.arizonasonoran.com
Arizona Sonoran Copper Co Inc is a mineral exploration company. It owns interests in the Cactus Project, located to the southeast of the Phoenix metropolitan area, on private land in Pinal County, Arizona.
Executives
Alan R. Edwards Director
Sarah Ann Strunk Director

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