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NXNIF (NorthX Nickel) Total Assets : $5.98 Mil (As of Sep. 2024)


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What is NorthX Nickel Total Assets?

NorthX Nickel's Total Assets for the quarter that ended in Sep. 2024 was $5.98 Mil.

During the past 12 months, NorthX Nickel's average Total Assets Growth Rate was -79.20% per year.

Total Assets is connected with ROA %. NorthX Nickel's annualized ROA % for the quarter that ended in Sep. 2024 was -553.42%. Total Assets is also linked to Revenue through Asset Turnover. NorthX Nickel's Asset Turnover for the quarter that ended in Sep. 2024 was 0.00.

NorthX Nickel Total Assets Historical Data

The historical data trend for NorthX 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.

* Premium members only.

NorthX Nickel Total Assets Chart

NorthX Nickel Annual Data
Trend Sep20 Sep21
Total Assets
0.16 1.21

NorthX Nickel Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Mar24 Jun24 Sep24
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 29.83 30.43 29.56 30.21 5.98

NorthX 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.

NorthX Nickel's Total Assets for the fiscal year that ended in Sep. 2021 is calculated as

Total Assets=Total Equity (A: Sep. 2021 )+Total Liabilities (A: Sep. 2021 )
=1.035+0.178
=1.21

NorthX Nickel'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 )
=3.749+2.228
=5.98

* 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.

NorthX Nickel  (OTCPK:NXNIF) Total Assets Explanation

Total Assets is connected with ROA %.

NorthX Nickel'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 )
=-100.12/( (30.205+5.977)/ 2 )
=-100.12/18.091
=-553.42 %

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.

NorthX Nickel'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/( (30.205+5.977)/ 2 )
=0/18.091
=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.

NorthX Nickel Total Assets Related Terms

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NorthX Nickel Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » NorthX Nickel Corp (OTCPK:NXNIF) » Definitions » Total Assets
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Traded in Other Exchanges
6YR:Germany NIX:Canada
Address
200 Burrard Street, 1200 Waterfront Centre, Vancouver, BC, CAN, V7X 1T2
Website
https://www.archerexploration.com
NorthX Nickel Corp is focused on the exploration of mineral claims located in Québec and Ontario, Canada. The Company's primary mineral property is the Grasset Project in Quebec. The Company also holds a portfolio of 41 mineral properties in Ontario, of which 38 are situated in the Sudbury mining district.