AJN Resources (XCNQ:AJN) Total Assets : C$1.30 Mil (As of Apr. 2024)

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What is AJN Resources Total Assets?

AJN Resources's Total Assets for the quarter that ended in Apr. 2024 was C$1.30 Mil.

During the past 12 months, AJN Resources's average Total Assets Growth Rate was 138.30% per year. During the past 3 years, the average Total Assets Growth Rate was 23.00% per year. During the past 5 years, the average Total Assets Growth Rate was 19.90% per year.

During the past 7 years, AJN Resources's highest 3-Year average Total Assets Growth Rate was 36.10%. The lowest was 1.40%. And the median was 17.85%.

Total Assets is connected with ROA %. AJN Resources's annualized ROA % for the quarter that ended in Apr. 2024 was -180.05%. Total Assets is also linked to Revenue through Asset Turnover. AJN Resources's Asset Turnover for the quarter that ended in Apr. 2024 was 0.00.

AJN Resources Total Assets Historical Data

The historical data trend for AJN 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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AJN Resources Total Assets Chart

AJN Resources Annual Data

Trend

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Total Assets

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1.53

2.74

1.79

1.67

1.83

AJN Resources Quarterly Data
	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24
Total Assets	Get a 7-Day Free Trial															0.71	1.83	3.03	2.30	1.30

AJN 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.

AJN Resources's Total Assets for the fiscal year that ended in Jul. 2023 is calculated as

Total Assets	=	Total Equity (A: Jul. 2023 )	+	Total Liabilities (A: Jul. 2023 )
	=	0.017	+	1.812
	=	1.83

AJN Resources's Total Assets for the quarter that ended in Apr. 2024 is calculated as

Total Assets	=	Total Equity (Q: Apr. 2024 )	+	Total Liabilities (Q: Apr. 2024 )
	=	-0.027	+	1.327
	=	1.30

AJN Resources (XCNQ:AJN) Total Assets Explanation

Total Assets is connected with ROA %.

AJN Resources's annualized ROA % for the quarter that ended in Apr. 2024 is

ROA %	=	Net Income (Q: Apr. 2024 )	/	( (Total Assets (Q: Jan. 2024 )	+	Total Assets (Q: Apr. 2024 ))	/ count )
	=	-3.24	/	( (2.299	+	1.3)	/ 2 )
	=	-3.24	/	1.7995
	=	-180.05 %

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

AJN Resources's Asset Turnover for the quarter that ended in Apr. 2024 is

	Asset Turnover
=	Revenue (Q: Apr. 2024 )	/	( (Total Assets (Q: Jan. 2024 )	+	Total Assets (Q: Apr. 2024 ))	/ count )
=	0	/	( (2.299	+	1.3)	/ 2 )
=	0	/	1.7995
=	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.

AJN Resources Total Assets Related Terms

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AJN Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » AJN Resources Inc (XCNQ:AJN) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

5AT:Germany

Address

1199 West Hastings Street, Suite 1400, Vancouver, BC, CAN, V6E 3T5

Website

https://www.ajnresources.com

AJN Resources Inc is an exploration and development company in Canada. The company is in the business of the exploration and evaluation of mineral properties in Nevada, USA. The company operated in a single reporting segment of acquisition, exploration, and development of mineral properties. It holds an interest in Salt Wells Lithium Project, and potential exploration permits located in the Manono Territory, Tanganyika Province of the Democratic Republic of the Congo.

Executives

Klaus Peter Eckhof	Director, Senior Officer
Mark Richard Gasson	10% Security Holder, Director, Senior Officer

AJN Resources Headlines

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