IMIMF (Copper Quest Exploration) Total Assets : $5.93 Mil (As of Sep. 2024)

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What is Copper Quest Exploration Total Assets?

Copper Quest Exploration's Total Assets for the quarter that ended in Sep. 2024 was $5.93 Mil.

During the past 12 months, Copper Quest Exploration's average Total Assets Growth Rate was -47.50% per year. During the past 3 years, the average Total Assets Growth Rate was 15.60% per year.

During the past 6 years, Copper Quest Exploration's highest 3-Year average Total Assets Growth Rate was 100.70%. The lowest was 15.60%. And the median was 58.15%.

Total Assets is connected with ROA %. Copper Quest Exploration's annualized ROA % for the quarter that ended in Sep. 2024 was -19.48%. Total Assets is also linked to Revenue through Asset Turnover. Copper Quest Exploration's Asset Turnover for the quarter that ended in Sep. 2024 was 0.00.

Copper Quest Exploration Total Assets Historical Data

The historical data trend for Copper Quest Exploration'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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Copper Quest Exploration Total Assets Chart

Copper Quest Exploration Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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0.57

3.89

5.10

4.48

5.60

Copper Quest Exploration Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Assets	Get a 7-Day Free Trial															10.85	5.60	5.39	5.37	5.93

Copper Quest Exploration 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.

Copper Quest Exploration's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	5.252	+	0.351
	=	5.60

Copper Quest Exploration's Total Assets for the quarter that ended in Sep. 2024 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2024 )	+	Total Liabilities (Q: Sep. 2024 )
	=	5.502	+	0.427
	=	5.93

Copper Quest Exploration (OTCPK:IMIMF) Total Assets Explanation

Total Assets is connected with ROA %.

Copper Quest Exploration's annualized ROA % for the quarter that ended in Sep. 2024 is

ROA %	=	Net Income (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
	=	-1.1	/	( (5.365	+	5.93)	/ 2 )
	=	-1.1	/	5.6475
	=	-19.48 %

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

Copper Quest Exploration's Asset Turnover for the quarter that ended in Sep. 2024 is

	Asset Turnover
=	Revenue (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
=	0	/	( (5.365	+	5.93)	/ 2 )
=	0	/	5.6475
=	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.

Copper Quest Exploration Total Assets Related Terms

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Copper Quest Exploration Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Copper Quest Exploration Inc (OTCPK:IMIMF) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

3MX0:Germany CQX:Canada

Address

550 Burrard Street, Suite 2501, Bentall 5, Vancouver, BC, CAN, V6C 2B5

Website

https://www.interracopper.com

Copper Quest Exploration Inc, formerly Interra Copper Corpy is a junior mineral exploration company engaged in the acquisition, exploration, and evaluation of natural resource properties in British Columbia, Canada. The company has one mineral exploration property, which is the Thane Property located in north-central British Columbia, and the Chuck Creek Property located in central British Columbia. The Thane property is predominantly underlain by intrusive rocks of the Hogem Plutonic Suite.