Infinico Metals (TSXV:INFM) Total Assets : C$2.19 Mil (As of Dec. 2023)

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What is Infinico Metals Total Assets?

Infinico Metals's Total Assets for the quarter that ended in Dec. 2023 was C$2.19 Mil.

During the past 12 months, Infinico Metals's average Total Assets Growth Rate was -45.60% per year. During the past 3 years, the average Total Assets Growth Rate was 14.50% per year.

During the past 4 years, Infinico Metals's highest 3-Year average Total Assets Growth Rate was 14.50%. The lowest was 14.50%. And the median was 14.50%.

Total Assets is connected with ROA %. Infinico Metals's annualized ROA % for the quarter that ended in Dec. 2023 was -224.20%. Total Assets is also linked to Revenue through Asset Turnover. Infinico Metals's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Infinico Metals Total Assets Historical Data

The historical data trend for Infinico Metals'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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Infinico Metals Total Assets Chart

Infinico Metals Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Total Assets

1.17

6.85

1.85

2.19

Infinico Metals Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial									1.85	1.58	1.19	1.14	2.19

Infinico Metals 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.

Infinico Metals'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 )
	=	1.575	+	0.612
	=	2.19

Infinico Metals'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 )
	=	1.575	+	0.612
	=	2.19

Infinico Metals (TSXV:INFM) Total Assets Explanation

Total Assets is connected with ROA %.

Infinico Metals'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 )
	=	-3.724	/	( (1.135	+	2.187)	/ 2 )
	=	-3.724	/	1.661
	=	-224.20 %

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.

Infinico Metals'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	/	( (1.135	+	2.187)	/ 2 )
=	0	/	1.661
=	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.

Infinico Metals Total Assets Related Terms

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Infinico Metals (TSXV:INFM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Infinico Metals Corp (TSXV:INFM) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

1507 1030 West Georgia Street, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.burin-gold.com

Infinico Metals Corp, formerly Burin Gold Corp is is engaged in the identification, acquisition, and exploration of properties for mining of precious and base metals. It focuses on the Hickey's Pond Paradise Gold project.

Executives

Plethora Private Equity Management	10% Security Holder
Stichting Legal Owner Plethora Private Equity	10% Security Holder

Infinico Metals (TSXV:INFM) Headlines

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