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NLPXF (Noble Mineral Exploration) Total Assets : $6.58 Mil (As of Nov. 2024)


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What is Noble Mineral Exploration Total Assets?

Noble Mineral Exploration's Total Assets for the quarter that ended in Nov. 2024 was $6.58 Mil.

During the past 12 months, Noble Mineral Exploration's average Total Assets Growth Rate was 18.70% per year. During the past 3 years, the average Total Assets Growth Rate was 10.80% per year. During the past 5 years, the average Total Assets Growth Rate was 12.20% per year. During the past 10 years, the average Total Assets Growth Rate was 11.50% per year.

During the past 13 years, Noble Mineral Exploration's highest 3-Year average Total Assets Growth Rate was 906.40%. The lowest was -62.30%. And the median was 14.10%.

Total Assets is connected with ROA %. Noble Mineral Exploration's annualized ROA % for the quarter that ended in Nov. 2024 was -14.38%. Total Assets is also linked to Revenue through Asset Turnover. Noble Mineral Exploration's Asset Turnover for the quarter that ended in Nov. 2024 was 0.00.

Noble Mineral Exploration Total Assets Historical Data

The historical data trend for Noble Mineral 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.

* Premium members only.

Noble Mineral Exploration Total Assets Chart

Noble Mineral Exploration Annual Data
Trend Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24
Total Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.34 11.60 8.99 7.22 6.94

Noble Mineral Exploration Quarterly Data
May19 Aug19 Nov19 Aug20 Nov20 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24
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 7.02 9.01 7.75 6.94 6.58

Noble Mineral 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.

Noble Mineral Exploration's Total Assets for the fiscal year that ended in Aug. 2024 is calculated as

Total Assets=Total Equity (A: Aug. 2024 )+Total Liabilities (A: Aug. 2024 )
=6.458+0.481
=6.94

Noble Mineral Exploration's Total Assets for the quarter that ended in Nov. 2024 is calculated as

Total Assets=Total Equity (Q: Nov. 2024 )+Total Liabilities (Q: Nov. 2024 )
=6.09+0.486
=6.58

* 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.

Noble Mineral Exploration  (OTCPK:NLPXF) Total Assets Explanation

Total Assets is connected with ROA %.

Noble Mineral Exploration's annualized ROA % for the quarter that ended in Nov. 2024 is

ROA %=Net Income (Q: Nov. 2024 )/( (Total Assets (Q: Aug. 2024 )+Total Assets (Q: Nov. 2024 ))/ count )
=-0.972/( (6.94+6.576)/ 2 )
=-0.972/6.758
=-14.38 %

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

Noble Mineral Exploration's Asset Turnover for the quarter that ended in Nov. 2024 is

Asset Turnover
=Revenue (Q: Nov. 2024 )/( (Total Assets (Q: Aug. 2024 )+Total Assets (Q: Nov. 2024 ))/ count )
=0/( (6.94+6.576)/ 2 )
=0/6.758
=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.

Noble Mineral Exploration Total Assets Related Terms

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Noble Mineral Exploration Business Description

Industry
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Traded in Other Exchanges
N/A
Address
120 Adelaide Street West, Suite 2500, Toronto, ON, CAN, M5H 1T1
Website
https://www.noblemineralexploration.com
Noble Mineral Exploration Inc is a Canadian-based exploration company that is engaged in the mineral exploration and evaluation business. The company's projects include Project 81, Nagagami, Cere Villabon Newfoundland, Buckingham, Holdsworth and Hearst properties. It has exploration and development interests in Northern Ontario and Quebec that are drill-ready. The company has a single reporting operating segment engaged in the exploration and evaluation of mineral resources.