Max Power Mining (XCNQ:MAXX) Total Assets : C$9.66 Mil (As of Mar. 2024)

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What is Max Power Mining Total Assets?

Max Power Mining's Total Assets for the quarter that ended in Mar. 2024 was C$9.66 Mil.

During the past 12 months, Max Power Mining's average Total Assets Growth Rate was 67.50% per year.

Total Assets is connected with ROA %. Max Power Mining's annualized ROA % for the quarter that ended in Mar. 2024 was -39.16%. Total Assets is also linked to Revenue through Asset Turnover. Max Power Mining's Asset Turnover for the quarter that ended in Mar. 2024 was 0.00.

Max Power Mining Total Assets Historical Data

The historical data trend for Max Power Mining'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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Max Power Mining Total Assets Chart

Max Power Mining Annual Data

Trend

Dec21

Dec22

Dec23

Total Assets

0.50

6.69

10.76

Max Power Mining Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial							9.43	10.28	10.28	10.76	9.66

Max Power Mining 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.

Max Power Mining'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 )
	=	10.354	+	0.401
	=	10.76

Max Power Mining's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	9.43	+	0.225
	=	9.66

Max Power Mining (XCNQ:MAXX) Total Assets Explanation

Total Assets is connected with ROA %.

Max Power Mining's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	-3.996	/	( (10.755	+	9.655)	/ 2 )
	=	-3.996	/	10.205
	=	-39.16 %

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

Max Power Mining's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	0	/	( (10.755	+	9.655)	/ 2 )
=	0	/	10.205
=	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.

Max Power Mining Total Assets Related Terms

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Max Power Mining (XCNQ:MAXX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Max Power Mining Corp (XCNQ:MAXX) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

MAXXF:USA 89N:Germany

Address

666 Burrard Street, Suite 2800, Park Place, Vancouver, BC, CAN, V6C 2Z7

Website

https://www.maxpowermining.com

Max Power Mining Corp is an exploration stage company focused on the exploration of mineral property in Ontario, Canada. It has two reportable operating segments, with the primary segment being the acquisition, exploration and evaluation of mineral resources properties.

Executives

Thomas William Clarke

Director

Max Power Mining (XCNQ:MAXX) Headlines

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