Crestview Exploration (XCNQ:CRS) Total Assets : C$1.74 Mil (As of Feb. 2024)

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What is Crestview Exploration Total Assets?

Crestview Exploration's Total Assets for the quarter that ended in Feb. 2024 was C$1.74 Mil.

During the past 12 months, Crestview Exploration's average Total Assets Growth Rate was -6.20% per year. During the past 3 years, the average Total Assets Growth Rate was 38.10% per year. During the past 5 years, the average Total Assets Growth Rate was 40.80% per year.

During the past 6 years, Crestview Exploration's highest 3-Year average Total Assets Growth Rate was 53.50%. The lowest was 38.10%. And the median was 51.60%.

Total Assets is connected with ROA %. Crestview Exploration's annualized ROA % for the quarter that ended in Feb. 2024 was -20.05%. Total Assets is also linked to Revenue through Asset Turnover. Crestview Exploration's Asset Turnover for the quarter that ended in Feb. 2024 was 0.00.

Crestview Exploration Total Assets Historical Data

The historical data trend for Crestview Exploration'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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Crestview Exploration Total Assets Chart

Crestview Exploration Annual Data

Trend

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Total Assets

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0.53

0.65

1.88

1.83

1.69

Crestview Exploration Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Total Assets	Get a 7-Day Free Trial															1.87	2.08	2.07	1.69	1.74

Crestview Exploration 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.

Crestview Exploration's Total Assets for the fiscal year that ended in Nov. 2023 is calculated as

Total Assets	=	Total Equity (A: Nov. 2023 )	+	Total Liabilities (A: Nov. 2023 )
	=	1.365	+	0.326
	=	1.69

Crestview Exploration's Total Assets for the quarter that ended in Feb. 2024 is calculated as

Total Assets	=	Total Equity (Q: Feb. 2024 )	+	Total Liabilities (Q: Feb. 2024 )
	=	1.297	+	0.444
	=	1.74

Crestview Exploration (XCNQ:CRS) Total Assets Explanation

Total Assets is connected with ROA %.

Crestview Exploration's annualized ROA % for the quarter that ended in Feb. 2024 is

ROA %	=	Net Income (Q: Feb. 2024 )	/	( (Total Assets (Q: Nov. 2023 )	+	Total Assets (Q: Feb. 2024 ))	/ count )
	=	-0.344	/	( (1.692	+	1.74)	/ 2 )
	=	-0.344	/	1.716
	=	-20.05 %

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

Crestview Exploration's Asset Turnover for the quarter that ended in Feb. 2024 is

	Asset Turnover
=	Revenue (Q: Feb. 2024 )	/	( (Total Assets (Q: Nov. 2023 )	+	Total Assets (Q: Feb. 2024 ))	/ count )
=	0	/	( (1.692	+	1.74)	/ 2 )
=	0	/	1.716
=	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.

Crestview Exploration Total Assets Related Terms

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Crestview Exploration (XCNQ:CRS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Crestview Exploration Inc (XCNQ:CRS) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

CE7:Germany

Address

330 5th Avenue SW, Calgary, AB, CAN, T2P 0L3

Website

http://www.crestviewexploration.com

Crestview Exploration Inc is a technology-driven, well-funded and experienced exploration company focused on finding gold and silver deposits in mining-friendly jurisdictions. The Rock Creek, Divide, and Castile Mountain properties are situated in the Tuscarora Mountains of northern Elko County, Nevada. It has one operating segment, the sector of exploration and evaluation of mineral resources. The company's Tuscarora properties combined comprise a total of 101 unpatented lode mining claims, with 74 claims at Rock Creek, 19 claims at Divide, and 8 claims at Castile Mountain.

Executives

Christopher James Wensley

Director