Canuc Resources (TSXV:CDA) Total Assets : C$0.98 Mil (As of Jun. 2024)

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What is Canuc Resources Total Assets?

Canuc Resources's Total Assets for the quarter that ended in Jun. 2024 was C$0.98 Mil.

During the past 12 months, Canuc Resources's average Total Assets Growth Rate was 398.60% per year. During the past 3 years, the average Total Assets Growth Rate was 9.70% per year. During the past 5 years, the average Total Assets Growth Rate was -12.60% per year. During the past 10 years, the average Total Assets Growth Rate was -13.70% per year.

During the past 13 years, Canuc Resources's highest 3-Year average Total Assets Growth Rate was 16.20%. The lowest was -64.90%. And the median was -27.40%.

Total Assets is connected with ROA %. Canuc Resources's annualized ROA % for the quarter that ended in Jun. 2024 was -133.33%. Total Assets is also linked to Revenue through Asset Turnover. Canuc Resources's Asset Turnover for the quarter that ended in Jun. 2024 was 0.01.

Canuc Resources Total Assets Historical Data

The historical data trend for Canuc 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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Canuc Resources Total Assets Chart

Canuc Resources Annual Data

Trend

Dec14

Dec15

Dec16

Sep17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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0.39

1.29

1.43

0.15

1.54

Canuc Resources Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Total Assets	Get a 7-Day Free Trial															1.62	1.49	1.54	1.17	0.98

Canuc 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.

Canuc Resources'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 )
	=	1.304	+	0.231
	=	1.54

Canuc Resources's Total Assets for the quarter that ended in Jun. 2024 is calculated as

Total Assets	=	Total Equity (Q: Jun. 2024 )	+	Total Liabilities (Q: Jun. 2024 )
	=	0.786	+	0.192
	=	0.98

Canuc Resources (TSXV:CDA) Total Assets Explanation

Total Assets is connected with ROA %.

Canuc Resources's annualized ROA % for the quarter that ended in Jun. 2024 is

ROA %	=	Net Income (Q: Jun. 2024 )	/	( (Total Assets (Q: Mar. 2024 )	+	Total Assets (Q: Jun. 2024 ))	/ count )
	=	-1.432	/	( (1.17	+	0.978)	/ 2 )
	=	-1.432	/	1.074
	=	-133.33 %

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

Canuc Resources's Asset Turnover for the quarter that ended in Jun. 2024 is

	Asset Turnover
=	Revenue (Q: Jun. 2024 )	/	( (Total Assets (Q: Mar. 2024 )	+	Total Assets (Q: Jun. 2024 ))	/ count )
=	0.006	/	( (1.17	+	0.978)	/ 2 )
=	0.006	/	1.074
=	0.01

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.

Canuc Resources Total Assets Related Terms

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Canuc Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Canuc Resources Corp (TSXV:CDA) » Definitions » Total Assets

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CNUCF:USA

Address

130 Queens Quay East, Suite 607, Toronto, ON, CAN, M5A 3Y5

Website

https://www.canucresources.ca

Canuc Resources Corp is a junior resource company. It is engaged in the acquisition, exploration, development, and extraction of natural resources. The company projects include San Javier and Saskatchewan Project. It operates in two business segments namely, mineral exploration and investments in oil and gas interests. The company's geographical segments include Canada, the United States of America, and Mexico.

Executives

Christopher James Berlet

Director

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