Burrell Resources (XCNQ:BURY) Total Assets : C$0.72 Mil (As of Sep. 2024)

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What is Burrell Resources Total Assets?

Burrell Resources's Total Assets for the quarter that ended in Sep. 2024 was C$0.72 Mil.

During the past 12 months, Burrell Resources's average Total Assets Growth Rate was 6.20% per year. During the past 3 years, the average Total Assets Growth Rate was 13.90% per year.

During the past 4 years, Burrell Resources's highest 3-Year average Total Assets Growth Rate was 13.90%. The lowest was 13.90%. And the median was 13.90%.

Total Assets is connected with ROA %. Burrell Resources's annualized ROA % for the quarter that ended in Sep. 2024 was 1.68%. Total Assets is also linked to Revenue through Asset Turnover. Burrell Resources's Asset Turnover for the quarter that ended in Sep. 2024 was 0.00.

Burrell Resources Total Assets Historical Data

The historical data trend for Burrell 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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Burrell Resources Total Assets Chart

Burrell Resources Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Total Assets

0.21

0.78

0.75

0.73

Burrell Resources Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Assets	Get a 7-Day Free Trial														0.72	0.73	0.71	0.71	0.72

Burrell 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.

Burrell Resources'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 )
	=	0.71	+	0.02
	=	0.73

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

Total Assets	=	Total Equity (Q: Sep. 2024 )	+	Total Liabilities (Q: Sep. 2024 )
	=	0.715	+	0.001
	=	0.72

Burrell Resources (XCNQ:BURY) Total Assets Explanation

Total Assets is connected with ROA %.

Burrell Resources's annualized ROA % for the quarter that ended in Sep. 2024 is

ROA %	=	Net Income (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
	=	0.012	/	( (0.713	+	0.716)	/ 2 )
	=	0.012	/	0.7145
	=	1.68 %

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

Burrell Resources's Asset Turnover for the quarter that ended in Sep. 2024 is

	Asset Turnover
=	Revenue (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
=	0	/	( (0.713	+	0.716)	/ 2 )
=	0	/	0.7145
=	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.

Burrell Resources Total Assets Related Terms

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Burrell Resources Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

601 West Broadway, Suite 400, Vancouver, BC, CAN, V5Z 4T2

Website

https://www.burrellresources.com

Burrell Resources Inc is a mineral exploration company engaged in the acquisition, exploration, and evaluation of resource properties with a focus on gold properties located in Nevada, United States. The Company operates in one business segment being, the exploration of mineral properties. The Company's mineral property assets are all in the United States.

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