FANCF (First Atlantic Nickel) Total Assets : $4.84 Mil (As of Oct. 2024)

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What is First Atlantic Nickel Total Assets?

First Atlantic Nickel's Total Assets for the quarter that ended in Oct. 2024 was $4.84 Mil.

During the past 12 months, First Atlantic Nickel's average Total Assets Growth Rate was 230.40% per year. During the past 3 years, the average Total Assets Growth Rate was 40.20% per year. During the past 5 years, the average Total Assets Growth Rate was 108.70% per year. During the past 10 years, the average Total Assets Growth Rate was 29.10% per year.

During the past 13 years, First Atlantic Nickel's highest 3-Year average Total Assets Growth Rate was 331.70%. The lowest was -79.50%. And the median was 46.35%.

Total Assets is connected with ROA %. First Atlantic Nickel's annualized ROA % for the quarter that ended in Oct. 2024 was -12.04%. Total Assets is also linked to Revenue through Asset Turnover. First Atlantic Nickel's Asset Turnover for the quarter that ended in Oct. 2024 was 0.00.

First Atlantic Nickel Total Assets Historical Data

The historical data trend for First Atlantic Nickel'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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First Atlantic Nickel Total Assets Chart

First Atlantic Nickel Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Total Assets

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0.27

1.57

1.88

1.08

2.15

First Atlantic Nickel Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
Total Assets	Get a 7-Day Free Trial															1.94	2.15	3.20	4.46	4.84

First Atlantic Nickel 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.

First Atlantic Nickel's Total Assets for the fiscal year that ended in Jan. 2024 is calculated as

Total Assets	=	Total Equity (A: Jan. 2024 )	+	Total Liabilities (A: Jan. 2024 )
	=	1.772	+	0.376
	=	2.15

First Atlantic Nickel's Total Assets for the quarter that ended in Oct. 2024 is calculated as

Total Assets	=	Total Equity (Q: Oct. 2024 )	+	Total Liabilities (Q: Oct. 2024 )
	=	4.034	+	0.805
	=	4.84

First Atlantic Nickel (OTCPK:FANCF) Total Assets Explanation

Total Assets is connected with ROA %.

First Atlantic Nickel's annualized ROA % for the quarter that ended in Oct. 2024 is

ROA %	=	Net Income (Q: Oct. 2024 )	/	( (Total Assets (Q: Jul. 2024 )	+	Total Assets (Q: Oct. 2024 ))	/ count )
	=	-0.56	/	( (4.463	+	4.839)	/ 2 )
	=	-0.56	/	4.651
	=	-12.04 %

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

First Atlantic Nickel's Asset Turnover for the quarter that ended in Oct. 2024 is

	Asset Turnover
=	Revenue (Q: Oct. 2024 )	/	( (Total Assets (Q: Jul. 2024 )	+	Total Assets (Q: Oct. 2024 ))	/ count )
=	0	/	( (4.463	+	4.839)	/ 2 )
=	0	/	4.651
=	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.

First Atlantic Nickel Total Assets Related Terms

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First Atlantic Nickel Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » First Atlantic Nickel Corp (OTCPK:FANCF) » Definitions » Total Assets

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P21:Germany FAN:Canada

Address

1075 West Georgia Street, Suite 1890, Vancouver, BC, CAN, V6E 3C9

Website

https://www.fanickel.com

First Atlantic Nickel Corp is a mining exploration company focused on developing high-value geographically significant projects including the Pipestone Project and the Voisey's West Project.