Silver North Resources (TSXV:SNAG) Total Assets : C$7.46 Mil (As of Mar. 2023)

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What is Silver North Resources Total Assets?

Silver North Resources's Total Assets for the quarter that ended in Mar. 2023 was C$7.46 Mil.

During the past 12 months, Silver North Resources's average Total Assets Growth Rate was -6.70% per year. During the past 3 years, the average Total Assets Growth Rate was 15.40% per year. During the past 5 years, the average Total Assets Growth Rate was 19.00% per year. During the past 10 years, the average Total Assets Growth Rate was 5.50% per year.

During the past 13 years, Silver North Resources's highest 3-Year average Total Assets Growth Rate was 504.60%. The lowest was -24.70%. And the median was 14.30%.

Total Assets is connected with ROA %. Silver North Resources's annualized ROA % for the quarter that ended in Mar. 2023 was -3.25%. Total Assets is also linked to Revenue through Asset Turnover. Silver North Resources's Asset Turnover for the quarter that ended in Mar. 2023 was 0.00.

Silver North Resources Total Assets Historical Data

The historical data trend for Silver North 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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Silver North Resources Total Assets Chart

Silver North Resources Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Total Assets

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4.50

4.85

8.38

8.09

7.16

Silver North Resources Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Sep22	Dec22	Mar23	Sep23
Total Assets	Get a 7-Day Free Trial															-	8.09	7.56	7.46	7.16

Silver North 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.

Silver North Resources'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 )
	=	6.279	+	0.884
	=	7.16

Silver North Resources's Total Assets for the quarter that ended in Mar. 2023 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2023 )	+	Total Liabilities (Q: Mar. 2023 )
	=	6.78	+	0.678
	=	7.46

Silver North Resources (TSXV:SNAG) Total Assets Explanation

Total Assets is connected with ROA %.

Silver North Resources's annualized ROA % for the quarter that ended in Mar. 2023 is

ROA %	=	Net Income (Q: Mar. 2023 )	/	( (Total Assets (Q: Dec. 2022 )	+	Total Assets (Q: Mar. 2023 ))	/ count )
	=	-0.244	/	( (7.559	+	7.457)	/ 2 )
	=	-0.244	/	7.508
	=	-3.25 %

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

Silver North Resources's Asset Turnover for the quarter that ended in Mar. 2023 is

	Asset Turnover
=	Revenue (Q: Mar. 2023 )	/	( (Total Assets (Q: Dec. 2022 )	+	Total Assets (Q: Mar. 2023 ))	/ count )
=	0	/	( (7.559	+	7.457)	/ 2 )
=	0	/	7.508
=	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.

Silver North Resources Total Assets Related Terms

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Silver North Resources (TSXV:SNAG) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Silver North Resources Ltd (TSXV:SNAG) » Definitions » Total Assets

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TARSF:USA

Address

325 Howe Street, Suite 410, Vancouver, BC, CAN, V6C 1Z7

Website

https://www.alianzaminerals.com

Silver North Resources Ltd has made new silver discoveries in the Keno Hill Silver District of the Yukon at its Haldane Project, where high-grade silver has been identified in drilling at three target areas. The Company also holds the Tim silver property in southern Yukon, where partner-funded exploration has identified high-grade silver mineralization just 19 km from the Silvertip mine. Silver is a critical component in today's economy due to its myriad of industrial uses. This is only expected to continue, driving long-term growth and the demand for silver. Silver North is ideally positioned to further prove out and expand upon its discoveries, at the stage of the mining development curve traditionally associated with the value increases for shareholders.

Executives

Mark Thomas Brown

Director

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