Cleghorn Minerals (TSXV:CZZ) Total Assets : C$0.02 Mil (As of Dec. 2023)

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What is Cleghorn Minerals Total Assets?

Cleghorn Minerals's Total Assets for the quarter that ended in Dec. 2023 was C$0.02 Mil.

During the past 12 months, Cleghorn Minerals's average Total Assets Growth Rate was -99.00% per year. During the past 3 years, the average Total Assets Growth Rate was -77.90% per year. During the past 5 years, the average Total Assets Growth Rate was -67.80% per year. During the past 10 years, the average Total Assets Growth Rate was 7.10% per year.

During the past 13 years, Cleghorn Minerals's highest 3-Year average Total Assets Growth Rate was 500.90%. The lowest was -78.40%. And the median was 85.30%.

Total Assets is connected with ROA %. Cleghorn Minerals's annualized ROA % for the quarter that ended in Dec. 2023 was -544.93%. Total Assets is also linked to Revenue through Asset Turnover. Cleghorn Minerals's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Cleghorn Minerals Total Assets Historical Data

The historical data trend for Cleghorn Minerals'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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Cleghorn Minerals Total Assets Chart

Cleghorn Minerals Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Total Assets

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1.13

1.41

0.24

0.13

0.04

Cleghorn Minerals Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial															1.16	0.04	0.10	0.05	0.02

Cleghorn Minerals 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.

Cleghorn Minerals's Total Assets for the fiscal year that ended in Mar. 2023 is calculated as

Total Assets	=	Total Equity (A: Mar. 2023 )	+	Total Liabilities (A: Mar. 2023 )
	=	0.034	+	0.004
	=	0.04

Cleghorn Minerals's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	0.006	+	0.01
	=	0.02

Cleghorn Minerals (TSXV:CZZ) Total Assets Explanation

Total Assets is connected with ROA %.

Cleghorn Minerals's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	-0.188	/	( (0.053	+	0.016)	/ 2 )
	=	-0.188	/	0.0345
	=	-544.93 %

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

Cleghorn Minerals's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	0	/	( (0.053	+	0.016)	/ 2 )
=	0	/	0.0345
=	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.

Cleghorn Minerals Total Assets Related Terms

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Cleghorn Minerals (TSXV:CZZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Cleghorn Minerals Ltd (TSXV:CZZ) » Definitions » Total Assets

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Address

152 Chemin de la Mine Ecole, Val-d'Or, QC, CAN, J9P 7B6

Website

https://www.cleghornminerals.com

Cleghorn Minerals Ltd is a Canada-based company. It is engaged in the process of exploring, evaluating and promoting its mineral property and other projects. The company only operating segment is Exploration and Evaluation of Mineral Resources. It project include is Meech Lake Matachewan located in Northeastern Ontario, Canada.