Fox River Resources (XCNQ:FOX) Total Assets : C$1.35 Mil (As of Jan. 2024)

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What is Fox River Resources Total Assets?

Fox River Resources's Total Assets for the quarter that ended in Jan. 2024 was C$1.35 Mil.

During the past 12 months, Fox River Resources's average Total Assets Growth Rate was 33.30% per year. During the past 3 years, the average Total Assets Growth Rate was 55.60% per year. During the past 5 years, the average Total Assets Growth Rate was 36.00% per year.

During the past 8 years, Fox River Resources's highest 3-Year average Total Assets Growth Rate was 56.20%. The lowest was -67.00%. And the median was 32.60%.

Total Assets is connected with ROA %. Fox River Resources's annualized ROA % for the quarter that ended in Jan. 2024 was -38.90%. Total Assets is also linked to Revenue through Asset Turnover. Fox River Resources's Asset Turnover for the quarter that ended in Jan. 2024 was 0.00.

Fox River Resources Total Assets Historical Data

The historical data trend for Fox River 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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Fox River Resources Total Assets Chart

Fox River Resources Annual Data

Trend

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Total Assets

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0.91

0.65

2.48

0.25

1.78

Fox River Resources Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Total Assets	Get a 7-Day Free Trial															0.12	2.32	1.96	1.78	1.35

Fox River 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.

Fox River Resources's Total Assets for the fiscal year that ended in Oct. 2023 is calculated as

Total Assets	=	Total Equity (A: Oct. 2023 )	+	Total Liabilities (A: Oct. 2023 )
	=	1.403	+	0.377
	=	1.78

Fox River Resources's Total Assets for the quarter that ended in Jan. 2024 is calculated as

Total Assets	=	Total Equity (Q: Jan. 2024 )	+	Total Liabilities (Q: Jan. 2024 )
	=	1.251	+	0.095
	=	1.35

Fox River Resources (XCNQ:FOX) Total Assets Explanation

Total Assets is connected with ROA %.

Fox River Resources's annualized ROA % for the quarter that ended in Jan. 2024 is

ROA %	=	Net Income (Q: Jan. 2024 )	/	( (Total Assets (Q: Oct. 2023 )	+	Total Assets (Q: Jan. 2024 ))	/ count )
	=	-0.608	/	( (1.78	+	1.346)	/ 2 )
	=	-0.608	/	1.563
	=	-38.90 %

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

Fox River Resources's Asset Turnover for the quarter that ended in Jan. 2024 is

	Asset Turnover
=	Revenue (Q: Jan. 2024 )	/	( (Total Assets (Q: Oct. 2023 )	+	Total Assets (Q: Jan. 2024 ))	/ count )
=	0	/	( (1.78	+	1.346)	/ 2 )
=	0	/	1.563
=	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.

Fox River Resources Total Assets Related Terms

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Fox River Resources (XCNQ:FOX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Fox River Resources Corp (XCNQ:FOX) » Definitions » Total Assets

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FXRVF:USA

Address

350 Bay Street, Suite 700, Toronto, ON, CAN, M5H 2S6

Website

https://www.fox-river.ca

Fox River Resources Corp is engaged in the advancement of the Martison Phosphate Project located near Hearst, Ontario. The project entails the construction of a vertically integrated phosphoric acid facility. The plant would utilize the Martison phosphate deposit and sulphuric acid from existing nearby base metal smelters or a sulphuric acid plant built by the company utilizing low-cost sulphur from Western Canada. The acidulation of these two primary inputs would be utilized to create phosphoric acid used to produce products in the fertilizer and industrial phosphate markets.