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SPCNF (SPC Nickel) Total Assets : $1.25 Mil (As of Nov. 2024)


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What is SPC Nickel Total Assets?

SPC Nickel's Total Assets for the quarter that ended in Nov. 2024 was $1.25 Mil.

During the past 12 months, SPC Nickel's average Total Assets Growth Rate was -63.00% per year. During the past 3 years, the average Total Assets Growth Rate was -25.40% per year.

During the past 5 years, SPC Nickel's highest 3-Year average Total Assets Growth Rate was 145.20%. The lowest was -25.40%. And the median was 59.90%.

Total Assets is connected with ROA %. SPC Nickel's annualized ROA % for the quarter that ended in Nov. 2024 was -76.43%. Total Assets is also linked to Revenue through Asset Turnover. SPC Nickel's Asset Turnover for the quarter that ended in Nov. 2024 was 0.00.


SPC Nickel Total Assets Historical Data

The historical data trend for SPC 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.

SPC Nickel Total Assets Chart

SPC Nickel Annual Data
Trend Aug20 Aug21 Aug22 Aug23 Aug24
Total Assets
1.38 4.83 3.25 2.02 1.71

SPC Nickel Quarterly Data
Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 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 2.02 1.23 0.98 1.71 1.25

SPC 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.

SPC Nickel'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 )
=1.335+0.379
=1.71

SPC Nickel'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 )
=1.021+0.227
=1.25

* 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.


SPC Nickel  (OTCPK:SPCNF) Total Assets Explanation

Total Assets is connected with ROA %.

SPC Nickel'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 )
=-1.132/( (1.714+1.248)/ 2 )
=-1.132/1.481
=-76.43 %

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.

SPC Nickel'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/( (1.714+1.248)/ 2 )
=0/1.481
=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.

SPC Nickel Total Assets Related Terms

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SPC Nickel Business Description

Traded in Other Exchanges
Address
1351C Kelly Lake Road, Unit 9, Sudbury, ON, CAN, P3E 5P5
SPC Nickel Corp is engaged in the business of exploration of nickel, copper and platinum group metal mineral projects in Ontario. Its exploration properties consist of Aer Kidd Property, Lockerby East Property, Janes Property and Muskok Property.

SPC Nickel Headlines