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McFarlane Lake Mining (McFarlane Lake Mining) Total Assets : $1.50 Mil (As of Feb. 2024)


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What is McFarlane Lake Mining Total Assets?

McFarlane Lake Mining's Total Assets for the quarter that ended in Feb. 2024 was $1.50 Mil.

During the past 12 months, McFarlane Lake Mining's average Total Assets Growth Rate was 63.20% per year.

Total Assets is connected with ROA %. McFarlane Lake Mining's annualized ROA % for the quarter that ended in Feb. 2024 was -233.31%. Total Assets is also linked to Revenue through Asset Turnover. McFarlane Lake Mining's Asset Turnover for the quarter that ended in Feb. 2024 was 0.00.

McFarlane Lake Mining Total Assets Historical Data

The historical data trend for McFarlane Lake Mining'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.

McFarlane Lake Mining Total Assets Chart

McFarlane Lake Mining Annual Data
Trend Aug22 Aug23
Total Assets
1.50 0.29

McFarlane Lake Mining Quarterly Data
Jun21 Sep21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 0.59 0.67 0.29 2.69 1.50

McFarlane Lake Mining 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.

McFarlane Lake Mining's Total Assets for the fiscal year that ended in Aug. 2023 is calculated as

Total Assets=Total Equity (A: Aug. 2023 )+Total Liabilities (A: Aug. 2023 )
=-0.683+0.976
=0.29

McFarlane Lake Mining's Total Assets for the quarter that ended in Feb. 2024 is calculated as

Total Assets=Total Equity (Q: Feb. 2024 )+Total Liabilities (Q: Feb. 2024 )
=0.379+1.124
=1.50

* 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.

McFarlane Lake Mining  (OTCPK:MLMLF) Total Assets Explanation

Total Assets is connected with ROA %.

McFarlane Lake Mining's annualized ROA % for the quarter that ended in Feb. 2024 is

ROA %=Net Income (Q: Feb. 2024 )/( (Total Assets (Q: Nov. 2023 )+Total Assets (Q: Feb. 2024 ))/ count )
=-4.896/( (2.694+1.503)/ 2 )
=-4.896/2.0985
=-233.31 %

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

McFarlane Lake Mining's Asset Turnover for the quarter that ended in Feb. 2024 is

Asset Turnover
=Revenue (Q: Feb. 2024 )/( (Total Assets (Q: Nov. 2023 )+Total Assets (Q: Feb. 2024 ))/ count )
=0/( (2.694+1.503)/ 2 )
=0/2.0985
=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.

McFarlane Lake Mining Total Assets Related Terms

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McFarlane Lake Mining (McFarlane Lake Mining) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » McFarlane Lake Mining Ltd (OTCPK:MLMLF) » Definitions » Total Assets
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Traded in Other Exchanges
MLM:Canada
Address
15 Kincora Court, Sudbury, ON, CAN, P3E 2B9
Website
https://www.mcfarlanelakemining.com
McFarlane Lake Mining Ltd is a gold exploration and development company currently engaged in the acquisition & assessment of gold properties. Its properties include High Lake, West Hawk Lake, Munro, and McMillan. The company has acquired six gold properties. It is a Canadian gold exploration and development company.