ALX Resources (TSXV:AL) Total Assets : C$11.30 Mil (As of Sep. 2024)

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What is ALX Resources Total Assets?

ALX Resources's Total Assets for the quarter that ended in Sep. 2024 was C$11.30 Mil.

During the past 12 months, ALX Resources's average Total Assets Growth Rate was 1.90% per year. During the past 3 years, the average Total Assets Growth Rate was 6.20% per year. During the past 5 years, the average Total Assets Growth Rate was 1.80% per year. During the past 10 years, the average Total Assets Growth Rate was 20.80% per year.

During the past 13 years, ALX Resources's highest 3-Year average Total Assets Growth Rate was 82.10%. The lowest was -1.20%. And the median was 27.20%.

Total Assets is connected with ROA %. ALX Resources's annualized ROA % for the quarter that ended in Sep. 2024 was -6.02%. Total Assets is also linked to Revenue through Asset Turnover. ALX Resources's Asset Turnover for the quarter that ended in Sep. 2024 was 0.00.

ALX Resources Total Assets Historical Data

The historical data trend for ALX Resources'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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ALX Resources Total Assets Chart

ALX Resources Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Total Assets

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10.97

10.42

10.87

13.04

12.44

ALX Resources Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24	Jun24	Sep24
Total Assets	Get a 7-Day Free Trial															11.95	11.58	12.06	11.57	11.30

ALX Resources 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.

ALX Resources's Total Assets for the fiscal year that ended in Dec. 2022 is calculated as

Total Assets	=	Total Equity (A: Dec. 2022 )	+	Total Liabilities (A: Dec. 2022 )
	=	12.179	+	0.261
	=	12.44

ALX Resources'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 )
	=	11.085	+	0.213
	=	11.30

ALX Resources (TSXV:AL) Total Assets Explanation

Total Assets is connected with ROA %.

ALX Resources'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 )
	=	-0.688	/	( (11.573	+	11.299)	/ 2 )
	=	-0.688	/	11.436
	=	-6.02 %

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.

ALX Resources'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	/	( (11.573	+	11.299)	/ 2 )
=	0	/	11.436
=	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.

ALX Resources Total Assets Related Terms

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ALX Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » ALX Resources Corp (TSXV:AL) » Definitions » Total Assets

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ALXEF:USA 6LLN:Germany

Address

1199 West Pender Street, Suite 408, Vancouver, BC, CAN, V6E 2R1

Website

https://www.alxresources.com

ALX Resources Corp is principally engaged in the acquisition, exploration, and development of mineral properties. Its project consists of Uranium, Energy and Gold properties. Some of the projects are Newnham Lake, Lazy Edward Bay, Kelic Lake and Black Lake, Vixen Gold Project, Firebird Nickel Project, Tango Project, Gibbons Creek and others.

Executives