LFNT Resources (XCNQ:LFNT) Total Assets : C$1.16 Mil (As of Jan. 2024)

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What is LFNT Resources Total Assets?

LFNT Resources's Total Assets for the quarter that ended in Jan. 2024 was C$1.16 Mil.

During the past 12 months, LFNT Resources's average Total Assets Growth Rate was 1208.30% per year.

Total Assets is connected with ROA %. LFNT Resources's annualized ROA % for the quarter that ended in Jan. 2024 was -9.29%. Total Assets is also linked to Revenue through Asset Turnover. LFNT Resources's Asset Turnover for the quarter that ended in Jan. 2024 was 0.00.

LFNT Resources Total Assets Historical Data

The historical data trend for LFNT 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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LFNT Resources Total Assets Chart

LFNT Resources Annual Data

Trend

Oct22

Oct23

Total Assets

0.57

1.25

LFNT Resources Quarterly Data
	Jan23	Apr23	Jul23	Oct23	Jan24
Total Assets	0.52	0.46	0.47	1.25	1.16

LFNT 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.

LFNT 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 )
	=	1.173	+	0.073
	=	1.25

LFNT 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 )
	=	1.145	+	0.019
	=	1.16

LFNT Resources (XCNQ:LFNT) Total Assets Explanation

Total Assets is connected with ROA %.

LFNT 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 )
	=	-0.112	/	( (1.246	+	1.164)	/ 2 )
	=	-0.112	/	1.205
	=	-9.29 %

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.

LFNT 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	/	( (1.246	+	1.164)	/ 2 )
=	0	/	1.205
=	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.

LFNT Resources Total Assets Related Terms

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LFNT Resources (XCNQ:LFNT) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

750 West Pender Street, Suite 401, Vancouver, BC, CAN, V6C 2T7

Website

LFNT Resources Corp y is currently engaged in the business of exploration of mineral properties in Canada. Its activities include the acquisition, exploration, and development of mineral exploration properties. It holds interest in Skyfire Property which consists of nearly 7 mining cell claims totaling approximately 1897 hectares of land in the Cariboo Mining Division, British Columbia, Canada.

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