TBXXF (King Copper Discovery) Total Assets : $1.79 Mil (As of Sep. 2024)

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What is King Copper Discovery Total Assets?

King Copper Discovery's Total Assets for the quarter that ended in Sep. 2024 was $1.79 Mil.

During the past 12 months, King Copper Discovery's average Total Assets Growth Rate was -15.30% per year. During the past 3 years, the average Total Assets Growth Rate was 23.00% per year. During the past 5 years, the average Total Assets Growth Rate was 74.30% per year.

During the past 6 years, King Copper Discovery's highest 3-Year average Total Assets Growth Rate was 176.90%. The lowest was 23.00%. And the median was 40.30%.

Total Assets is connected with ROA %. King Copper Discovery's annualized ROA % for the quarter that ended in Sep. 2024 was -101.20%. Total Assets is also linked to Revenue through Asset Turnover. King Copper Discovery's Asset Turnover for the quarter that ended in Sep. 2024 was 0.00.

King Copper Discovery Total Assets Historical Data

The historical data trend for King Copper Discovery'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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King Copper Discovery Total Assets Chart

King Copper Discovery Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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4.73

8.61

4.44

1.77

1.43

King Copper Discovery 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															2.29	1.43	2.20	1.78	1.79

King Copper Discovery 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.

King Copper Discovery'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 )
	=	1.036	+	0.394
	=	1.43

King Copper Discovery'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 )
	=	1.132	+	0.657
	=	1.79

King Copper Discovery (OTCPK:TBXXF) Total Assets Explanation

Total Assets is connected with ROA %.

King Copper Discovery'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 )
	=	-1.808	/	( (1.784	+	1.789)	/ 2 )
	=	-1.808	/	1.7865
	=	-101.20 %

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.

King Copper Discovery'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	/	( (1.784	+	1.789)	/ 2 )
=	0	/	1.7865
=	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.

King Copper Discovery Total Assets Related Terms

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King Copper Discovery Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » King Copper Discovery Corp (OTCPK:TBXXF) » Definitions » Total Assets

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3RI0:Germany KCP:Canada

Address

1507 - 1030 West Georgia Street, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.kingcopperdiscovery.com

King Copper Discovery Corp is an exploration company focused on advancing the high-grade Colquemayo Project in Peru, a 6,600-hectare property with significant copper-gold-silver mineralization. It is is dedicated to responsible exploration and developing Colquemayo into a premier asset in South America.