Forge Resources (XCNQ:FRG) Total Assets : C$1.73 Mil (As of Nov. 2023)

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What is Forge Resources Total Assets?

Forge Resources's Total Assets for the quarter that ended in Nov. 2023 was C$1.73 Mil.

During the past 12 months, Forge Resources's average Total Assets Growth Rate was -77.80% per year. During the past 3 years, the average Total Assets Growth Rate was -28.70% per year. During the past 5 years, the average Total Assets Growth Rate was 28.20% per year.

During the past 9 years, Forge Resources's highest 3-Year average Total Assets Growth Rate was 100.30%. The lowest was -28.70%. And the median was 65.55%.

Total Assets is connected with ROA %. Forge Resources's annualized ROA % for the quarter that ended in Nov. 2023 was -332.63%. Total Assets is also linked to Revenue through Asset Turnover. Forge Resources's Asset Turnover for the quarter that ended in Nov. 2023 was 0.00.

Forge Resources Total Assets Historical Data

The historical data trend for Forge 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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Forge Resources Total Assets Chart

Forge Resources Annual Data

Trend

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Total Assets

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1.16

1.66

3.34

7.67

0.64

Forge Resources 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															7.66	0.06	0.06	0.64	1.73

Forge 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.

Forge Resources'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 )
	=	-0.735	+	1.37
	=	0.64

Forge Resources'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 )
	=	0.007	+	1.727
	=	1.73

Forge Resources (XCNQ:FRG) Total Assets Explanation

Total Assets is connected with ROA %.

Forge Resources'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 )
	=	-3.94	/	( (0.635	+	1.734)	/ 2 )
	=	-3.94	/	1.1845
	=	-332.63 %

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.

Forge Resources'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	/	( (0.635	+	1.734)	/ 2 )
=	0	/	1.1845
=	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.

Forge Resources Total Assets Related Terms

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Forge Resources (XCNQ:FRG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Forge Resources Corp (XCNQ:FRG) » Definitions » Total Assets

Comparable Companies

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BNNHF:USA 5YZ0:Germany

Address

1050 - 12471 Horseshoe Way, Richmond, BC, CAN, V7A 4X6

Website

https://www.benjaminhillmining.com

Benjamin Hill Mining Corp is engaged in the business of the exploration and development of natural resource properties in Canada and Mexico. It owns and operates the Alotta Property.