Fredonia Mining (TSXV:FRED) Total Assets : C$0.35 Mil (As of Dec. 2023)

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What is Fredonia Mining Total Assets?

Fredonia Mining's Total Assets for the quarter that ended in Dec. 2023 was C$0.35 Mil.

During the past 12 months, Fredonia Mining's average Total Assets Growth Rate was -98.00% per year. During the past 3 years, the average Total Assets Growth Rate was -51.10% per year.

During the past 4 years, Fredonia Mining's highest 3-Year average Total Assets Growth Rate was -51.10%. The lowest was -51.10%. And the median was -51.10%.

Total Assets is connected with ROA %. Fredonia Mining's annualized ROA % for the quarter that ended in Dec. 2023 was -362.46%. Total Assets is also linked to Revenue through Asset Turnover. Fredonia Mining's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Fredonia Mining Total Assets Historical Data

The historical data trend for Fredonia Mining'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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Fredonia Mining Total Assets Chart

Fredonia Mining Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

Total Assets

1.88

4.52

3.71

0.57

Fredonia Mining Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial										12.43	12.31	11.92	0.57	0.35

Fredonia Mining 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.

Fredonia Mining's Total Assets for the fiscal year that ended in Sep. 2023 is calculated as

Total Assets	=	Total Equity (A: Sep. 2023 )	+	Total Liabilities (A: Sep. 2023 )
	=	-0.199	+	0.774
	=	0.58

Fredonia Mining'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 )
	=	-0.617	+	0.97
	=	0.35

Fredonia Mining (TSXV:FRED) Total Assets Explanation

Total Assets is connected with ROA %.

Fredonia Mining'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 )
	=	-1.68	/	( (0.574	+	0.353)	/ 2 )
	=	-1.68	/	0.4635
	=	-362.46 %

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.

Fredonia Mining'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	/	( (0.574	+	0.353)	/ 2 )
=	0	/	0.4635
=	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.

Fredonia Mining Total Assets Related Terms

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Fredonia Mining (TSXV:FRED) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Fredonia Mining Inc (TSXV:FRED) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

350 Bay Street, Number 700, Toronto, ON, CAN, M5H 2S6

Website

https://www.fredoniamanagement.com

Fredonia Mining Inc is engaged in the exploration of precious metals in Argentina. Fredonia holds licenses over three areas in the Deseado including the flagship El Dorado Monserrat Project, EDM, as well as El Aguila, and Hornia. Fredonia has undertaken exploration drill programs on EDM and El Aguila with encouraging results. Hornia is an underexplored area but historic drilling indicates the realistic potential for further discoveries. El Aguila is interpreted as a failed caldera with significant gold mineralization encountered in the radial as well as ring structures.

Executives

Estanislao Ricardo Auriemma

Director, Senior Officer

Fredonia Mining (TSXV:FRED) Headlines

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