1844 Resources (FRA:2GSB) Total Assets : €1.13 Mil (As of Jan. 2024)

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What is 1844 Resources Total Assets?

1844 Resources's Total Assets for the quarter that ended in Jan. 2024 was €1.13 Mil.

During the past 12 months, 1844 Resources's average Total Assets Growth Rate was 10.70% per year. During the past 3 years, the average Total Assets Growth Rate was 106.10% per year. During the past 5 years, the average Total Assets Growth Rate was 123.20% per year. During the past 10 years, the average Total Assets Growth Rate was -15.00% per year.

During the past 13 years, 1844 Resources's highest 3-Year average Total Assets Growth Rate was 1052.00%. The lowest was -92.40%. And the median was 139.90%.

Total Assets is connected with ROA %. 1844 Resources's annualized ROA % for the quarter that ended in Jan. 2024 was -34.47%. Total Assets is also linked to Revenue through Asset Turnover. 1844 Resources's Asset Turnover for the quarter that ended in Jan. 2024 was 0.00.

1844 Resources Total Assets Historical Data

The historical data trend for 1844 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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1844 Resources Total Assets Chart

1844 Resources Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Total Assets

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0.06

0.18

0.78

1.04

0.93

1844 Resources Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Total Assets	Get a 7-Day Free Trial															1.03	0.93	0.97	1.08	1.13

1844 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.

1844 Resources's Total Assets for the fiscal year that ended in Apr. 2023 is calculated as

Total Assets	=	Total Equity (A: Apr. 2023 )	+	Total Liabilities (A: Apr. 2023 )
	=	0.62	+	0.308
	=	0.93

1844 Resources's Total Assets for the quarter that ended in Jan. 2024 is calculated as

Total Assets	=	Total Equity (Q: Jan. 2024 )	+	Total Liabilities (Q: Jan. 2024 )
	=	0.423	+	0.707
	=	1.13

1844 Resources (FRA:2GSB) Total Assets Explanation

Total Assets is connected with ROA %.

1844 Resources's annualized ROA % for the quarter that ended in Jan. 2024 is

ROA %	=	Net Income (Q: Jan. 2024 )	/	( (Total Assets (Q: Oct. 2023 )	+	Total Assets (Q: Jan. 2024 ))	/ count )
	=	-0.38	/	( (1.075	+	1.13)	/ 2 )
	=	-0.38	/	1.1025
	=	-34.47 %

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

1844 Resources's Asset Turnover for the quarter that ended in Jan. 2024 is

	Asset Turnover
=	Revenue (Q: Jan. 2024 )	/	( (Total Assets (Q: Oct. 2023 )	+	Total Assets (Q: Jan. 2024 ))	/ count )
=	0	/	( (1.075	+	1.13)	/ 2 )
=	0	/	1.1025
=	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.

1844 Resources Total Assets Related Terms

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1844 Resources (FRA:2GSB) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » 1844 Resources Inc (FRA:2GSB) » Definitions » Total Assets

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EFF:Canada

Address

224 - 4th Avenue South, Suite 602, Saskatoon, SK, CAN, S7K 5M5

Website

https://www.1844resources.com

1844 Resources Inc is engaged in the identification, exploration, and development of mineral properties with a focus on grossly underexplored regions of Gaspe and Chibougamau Quebec. The company's exploration properties include the Vortex, Davidson, Native Copper, and Lac Arsenault.

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