MAX Resource (TSXV:MAX) Total Assets : C$17.47 Mil (As of Mar. 2024)

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What is MAX Resource Total Assets?

MAX Resource's Total Assets for the quarter that ended in Mar. 2024 was C$17.47 Mil.

During the past 12 months, MAX Resource's average Total Assets Growth Rate was 17.00% per year. During the past 3 years, the average Total Assets Growth Rate was 113.80% per year. During the past 5 years, the average Total Assets Growth Rate was 140.80% per year. During the past 10 years, the average Total Assets Growth Rate was 66.40% per year.

During the past 13 years, MAX Resource's highest 3-Year average Total Assets Growth Rate was 662.50%. The lowest was -92.30%. And the median was 63.75%.

Total Assets is connected with ROA %. MAX Resource's annualized ROA % for the quarter that ended in Mar. 2024 was -18.71%. Total Assets is also linked to Revenue through Asset Turnover. MAX Resource's Asset Turnover for the quarter that ended in Mar. 2024 was 0.00.

MAX Resource Total Assets Historical Data

The historical data trend for MAX Resource'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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MAX Resource Total Assets Chart

MAX Resource Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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0.79

5.97

3.23

25.57

18.75

MAX Resource Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															24.83	23.59	22.24	18.75	17.47

MAX Resource 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.

MAX Resource'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 )
	=	17.476	+	1.275
	=	18.75

MAX Resource's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	16.628	+	0.842
	=	17.47

MAX Resource (TSXV:MAX) Total Assets Explanation

Total Assets is connected with ROA %.

MAX Resource's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	-3.388	/	( (18.751	+	17.471)	/ 2 )
	=	-3.388	/	18.111
	=	-18.71 %

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

MAX Resource's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	0	/	( (18.751	+	17.471)	/ 2 )
=	0	/	18.111
=	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.

MAX Resource Total Assets Related Terms

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MAX Resource (TSXV:MAX) Business Description

Industry

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

Comparable Companies

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MXROF:USA M1D2:Germany

Address

1095 West Pender Street, Suite 1188, Vancouver, BC, CAN, V6E 2M6

Website

https://www.maxresource.com

MAX Resource Corp is a mineral exploration company advancing the newly discovered district-scale Cesar copper-silver project. Its Cesar project sits along with the Colombian portion of the largest producing copper belt (Andean belt), with infrastructure and the presence of global majors (Glencore and Chevron). The company holds a 100% interest in the RT Gold project in Peru. It has one operating segment which is the exploration of resource properties.