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American Copper Development (XCNQ:ACDX) Total Assets : C$22.17 Mil (As of Mar. 2024)


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What is American Copper Development Total Assets?

American Copper Development's Total Assets for the quarter that ended in Mar. 2024 was C$22.17 Mil.

During the past 12 months, American Copper Development's average Total Assets Growth Rate was 101.90% per year. During the past 3 years, the average Total Assets Growth Rate was 467.20% per year.

During the past 4 years, American Copper Development's highest 3-Year average Total Assets Growth Rate was 467.20%. The lowest was 467.20%. And the median was 467.20%.

Total Assets is connected with ROA %. American Copper Development's annualized ROA % for the quarter that ended in Mar. 2024 was -2.07%. Total Assets is also linked to Revenue through Asset Turnover. American Copper Development's Asset Turnover for the quarter that ended in Mar. 2024 was 0.00.

American Copper Development Total Assets Historical Data

The historical data trend for American Copper Development'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.

* Premium members only.

American Copper Development Total Assets Chart

American Copper Development Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Total Assets
0.29 0.40 21.74 22.33

American Copper Development Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 16.45 18.37 17.61 22.33 22.17

American Copper Development 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.

American Copper Development'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 )
=17.118+5.208
=22.33

American Copper Development'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 )
=17.021+5.151
=22.17

* 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.

American Copper Development  (XCNQ:ACDX) Total Assets Explanation

Total Assets is connected with ROA %.

American Copper Development'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 )
=-0.46/( (22.326+22.172)/ 2 )
=-0.46/22.249
=-2.07 %

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.

American Copper Development'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/( (22.326+22.172)/ 2 )
=0/22.249
=0.00

* 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.

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.

American Copper Development Total Assets Related Terms

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American Copper Development (XCNQ:ACDX) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » American Copper Development Corp (XCNQ:ACDX) » Definitions » Total Assets
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Traded in Other Exchanges
ACDXF:USA
Address
1030 West Georgia Street, Suite 710, Vancouver, BC, CAN, V6E 2Y3
Website
https://www.american-copper.com
American Copper Development Corp is engaged in the process of acquiring and exploring exploration and evaluation assets in Canada. The company's principal asset is the Chuchi South and Lordsburg project which is involved in base and precious metals exploration.
Executives
Gerhard Daniel Schieber Director, Senior Officer

American Copper Development (XCNQ:ACDX) Headlines

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