Canasil Resources (TSXV:CLZ.H) Total Assets : C$0.13 Mil (As of Jun. 2023)

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What is Canasil Resources Total Assets?

Canasil Resources's Total Assets for the quarter that ended in Jun. 2023 was C$0.13 Mil.

During the past 12 months, Canasil Resources's average Total Assets Growth Rate was -9.90% per year. During the past 3 years, the average Total Assets Growth Rate was -10.60% per year. During the past 5 years, the average Total Assets Growth Rate was -1.70% per year. During the past 10 years, the average Total Assets Growth Rate was -8.40% per year.

During the past 13 years, Canasil Resources's highest 3-Year average Total Assets Growth Rate was 45.70%. The lowest was -66.30%. And the median was -2.80%.

Total Assets is connected with ROA %. Canasil Resources's annualized ROA % for the quarter that ended in Jun. 2023 was -579.84%. Total Assets is also linked to Revenue through Asset Turnover. Canasil Resources's Asset Turnover for the quarter that ended in Jun. 2023 was 0.00.

Canasil Resources Total Assets Historical Data

The historical data trend for Canasil 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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Canasil Resources Total Assets Chart

Canasil Resources Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Total Assets

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0.33

1.02

1.20

0.60

0.20

Canasil Resources Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Total Assets	Get a 7-Day Free Trial															0.20	0.16	0.20	0.13	0.13

Canasil 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.

Canasil 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 )
	=	-0.08	+	0.279
	=	0.20

Canasil Resources's Total Assets for the quarter that ended in Jun. 2023 is calculated as

Total Assets	=	Total Equity (Q: Jun. 2023 )	+	Total Liabilities (Q: Jun. 2023 )
	=	-0.446	+	0.573
	=	0.13

Canasil Resources (TSXV:CLZ.H) Total Assets Explanation

Total Assets is connected with ROA %.

Canasil Resources's annualized ROA % for the quarter that ended in Jun. 2023 is

ROA %	=	Net Income (Q: Jun. 2023 )	/	( (Total Assets (Q: Mar. 2023 )	+	Total Assets (Q: Jun. 2023 ))	/ count )
	=	-0.748	/	( (0.132	+	0.126)	/ 2 )
	=	-0.748	/	0.129
	=	-579.84 %

Note: The Net Income data used here is four times the quarterly (Jun. 2023) 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.

Canasil Resources's Asset Turnover for the quarter that ended in Jun. 2023 is

	Asset Turnover
=	Revenue (Q: Jun. 2023 )	/	( (Total Assets (Q: Mar. 2023 )	+	Total Assets (Q: Jun. 2023 ))	/ count )
=	0	/	( (0.132	+	0.126)	/ 2 )
=	0	/	0.129
=	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.

Canasil Resources Total Assets Related Terms

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Canasil Resources (TSXV:CLZ.H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Canasil Resources Inc (TSXV:CLZ.H) » Definitions » Total Assets

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Traded in Other Exchanges

CNSUF:USA 3CC:Germany

Address

750 West Pender Street, Suite 1760, Vancouver, BC, CAN, V6C 2T8

Website

https://www.canasil.com

Canasil Resources Inc is a mining and mineral exploration company. It has a portfolio of precious and base metal exploration projects. The Company currently operates in only one operating segment, that being the mineral exploration industry. The company operates in the geographical areas of Canada and Mexico. It holds mineral interests in the La Esperanza project, Salamandra project, Nora project and others.

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