Arctic Fox Lithium (XCNQ:AFX) Total Assets : C$1.23 Mil (As of Dec. 2023)

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What is Arctic Fox Lithium Total Assets?

Arctic Fox Lithium's Total Assets for the quarter that ended in Dec. 2023 was C$1.23 Mil.

During the past 12 months, Arctic Fox Lithium's average Total Assets Growth Rate was 454.00% per year. During the past 3 years, the average Total Assets Growth Rate was 457.70% per year.

During the past 4 years, Arctic Fox Lithium's highest 3-Year average Total Assets Growth Rate was 457.70%. The lowest was 457.70%. And the median was 457.70%.

Total Assets is connected with ROA %. Arctic Fox Lithium's annualized ROA % for the quarter that ended in Dec. 2023 was -61.47%. Total Assets is also linked to Revenue through Asset Turnover. Arctic Fox Lithium's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Arctic Fox Lithium Total Assets Historical Data

The historical data trend for Arctic Fox Lithium'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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Arctic Fox Lithium Total Assets Chart

Arctic Fox Lithium Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Total Assets

0.23

0.32

0.20

1.17

Arctic Fox Lithium 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										0.20	0.21	1.17	1.40	1.23

Arctic Fox Lithium 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.

Arctic Fox Lithium's Total Assets for the fiscal year that ended in Jun. 2023 is calculated as

Total Assets	=	Total Equity (A: Jun. 2023 )	+	Total Liabilities (A: Jun. 2023 )
	=	0.707	+	0.462
	=	1.17

Arctic Fox Lithium'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 )
	=	1.075	+	0.159
	=	1.23

Arctic Fox Lithium (XCNQ:AFX) Total Assets Explanation

Total Assets is connected with ROA %.

Arctic Fox Lithium'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 )
	=	-0.808	/	( (1.395	+	1.234)	/ 2 )
	=	-0.808	/	1.3145
	=	-61.47 %

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.

Arctic Fox Lithium'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	/	( (1.395	+	1.234)	/ 2 )
=	0	/	1.3145
=	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.

Arctic Fox Lithium Total Assets Related Terms

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Arctic Fox Lithium (XCNQ:AFX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Arctic Fox Lithium Corp (XCNQ:AFX) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

O5K:Germany

Address

1030 West Georgia Street, Suite 905, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.arcticfoxlithium.com

Arctic Fox Lithium Corp is a mineral exploration company. Its projects include Pontax North Lithium Project, Kana Lake Lithium Project, Delta Lake Lithium project and Spius copper property.

Executives

Harry Chew

10% Security Holder, Director, Senior Officer

Arctic Fox Lithium (XCNQ:AFX) Headlines

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