CKEFF (Radio Fuels Energy) Total Assets : $18.42 Mil (As of May. 2024)

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What is Radio Fuels Energy Total Assets?

Radio Fuels Energy's Total Assets for the quarter that ended in May. 2024 was $18.42 Mil.

During the past 12 months, Radio Fuels Energy's average Total Assets Growth Rate was -99.60% per year. During the past 3 years, the average Total Assets Growth Rate was 125.70% per year.

During the past 4 years, Radio Fuels Energy's highest 3-Year average Total Assets Growth Rate was 125.70%. The lowest was 125.70%. And the median was 125.70%.

Total Assets is connected with ROA %. Radio Fuels Energy's annualized ROA % for the quarter that ended in May. 2024 was 141.78%. Total Assets is also linked to Revenue through Asset Turnover. Radio Fuels Energy's Asset Turnover for the quarter that ended in May. 2024 was 0.00.

Radio Fuels Energy Total Assets Historical Data

The historical data trend for Radio Fuels Energy'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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Radio Fuels Energy Total Assets Chart

Radio Fuels Energy Annual Data

Trend

Nov20

Nov21

Nov22

Nov23

Total Assets

21.15

30.87

15.03

Radio Fuels Energy Quarterly Data
	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24
Total Assets	Get a 7-Day Free Trial													30.93	14.86	15.03	12.25	18.42

Radio Fuels Energy 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.

Radio Fuels Energy's Total Assets for the fiscal year that ended in Nov. 2023 is calculated as

Total Assets	=	Total Equity (A: Nov. 2023 )	+	Total Liabilities (A: Nov. 2023 )
	=	15.022	+	0.011
	=	15.03

Radio Fuels Energy's Total Assets for the quarter that ended in May. 2024 is calculated as

Total Assets	=	Total Equity (Q: May. 2024 )	+	Total Liabilities (Q: May. 2024 )
	=	18.372	+	0.044
	=	18.42

Radio Fuels Energy (OTCPK:CKEFF) Total Assets Explanation

Total Assets is connected with ROA %.

Radio Fuels Energy's annualized ROA % for the quarter that ended in May. 2024 is

ROA %	=	Net Income (Q: May. 2024 )	/	( (Total Assets (Q: Feb. 2024 )	+	Total Assets (Q: May. 2024 ))	/ count )
	=	21.74	/	( (12.251	+	18.416)	/ 2 )
	=	21.74	/	15.3335
	=	141.78 %

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

Radio Fuels Energy's Asset Turnover for the quarter that ended in May. 2024 is

	Asset Turnover
=	Revenue (Q: May. 2024 )	/	( (Total Assets (Q: Feb. 2024 )	+	Total Assets (Q: May. 2024 ))	/ count )
=	0	/	( (12.251	+	18.416)	/ 2 )
=	0	/	15.3335
=	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.

Radio Fuels Energy Total Assets Related Terms

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Radio Fuels Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Radio Fuels Energy Corp (OTCPK:CKEFF) » Definitions » Total Assets

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CAKE:Canada

Address

217 Queen Street West, Suite 401, Toronto, ON, CAN, M5V 0R2

Website

https://www.radiofuels.ca

Radio Fuels Energy Corp is a mineral resource company in the development stage that is engaged in the acquisition of interests and in the exploration of, mineral resource properties. Radio Fuel's flagship property is owned by Eco Ridge Project located in Elliot Lake pounds of uranium oxide were mined from conglomerate beds by Rio Algom and Denison Mines.

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