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Panex Resources (Panex Resources) Total Assets : $0.63 Mil (As of Aug. 2016)


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What is Panex Resources Total Assets?

Panex Resources's Total Assets for the quarter that ended in Aug. 2016 was $0.63 Mil.

Total Assets is connected with ROA %. Panex Resources's annualized ROA % for the quarter that ended in Aug. 2016 was -38.06%. Total Assets is also linked to Revenue through Asset Turnover. Panex Resources's Asset Turnover for the quarter that ended in Aug. 2016 was 0.00.


Panex Resources Total Assets Historical Data

The historical data trend for Panex 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.

* Premium members only.

Panex Resources Total Assets Chart

Panex Resources Annual Data
Trend Aug07 Aug08 Aug09 Aug10 Aug11 Aug12 Aug13 Aug14 Aug15 Aug16
Total Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.07 - 1.35 0.67 0.63

Panex Resources Quarterly Data
Nov11 Feb12 May12 Aug12 Nov12 Feb13 May13 Aug13 Nov13 Feb14 May14 Aug14 Nov14 Feb15 May15 Aug15 Nov15 Feb16 May16 Aug16
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 Premium Member Only Premium Member Only Premium Member Only 0.67 0.56 0.74 0.52 0.63

Panex 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.

Panex Resources's Total Assets for the fiscal year that ended in Aug. 2016 is calculated as

Total Assets=Total Equity (A: Aug. 2016 )+Total Liabilities (A: Aug. 2016 )
=0.423+0.21
=0.63

Panex Resources's Total Assets for the quarter that ended in Aug. 2016 is calculated as

Total Assets=Total Equity (Q: Aug. 2016 )+Total Liabilities (Q: Aug. 2016 )
=0.423+0.21
=0.63

* 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.


Panex Resources  (OTCPK:DBGF) Total Assets Explanation

Total Assets is connected with ROA %.

Panex Resources's annualized ROA % for the quarter that ended in Aug. 2016 is

ROA %=Net Income (Q: Aug. 2016 )/( (Total Assets (Q: May. 2016 )+Total Assets (Q: Aug. 2016 ))/ count )
=-0.22/( (0.523+0.633)/ 2 )
=-0.22/0.578
=-38.06 %

Note: The Net Income data used here is four times the quarterly (Aug. 2016) 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.

Panex Resources's Asset Turnover for the quarter that ended in Aug. 2016 is

Asset Turnover
=Revenue (Q: Aug. 2016 )/( (Total Assets (Q: May. 2016 )+Total Assets (Q: Aug. 2016 ))/ count )
=0/( (0.523+0.633)/ 2 )
=0/0.578
=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.

Panex Resources Total Assets Related Terms

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Panex Resources (Panex Resources) Business Description

Traded in Other Exchanges
N/A
Address
504A Casabianca, 17 Bd du Larvotto, Monte Carlo, MCO, 98000
Panex Resources Inc is a mineral exploration company in Africa. It is engaged in the acquisition and exploration of mineral properties. The company is an exploration stage company. Its exploration program will be designed to explore for commercially viable deposits of base and precious minerals such as gold, silver, lead, barium, mercury, copper and zinc minerals.

Panex Resources (Panex Resources) Headlines

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