Class 1 Nickel and Technologies (XCNQ:NICO) Total Assets : C$0.52 Mil (As of Mar. 2024)

View and export this data going back to 2020. Start your Free Trial

What is Class 1 Nickel and Technologies Total Assets?

Class 1 Nickel and Technologies's Total Assets for the quarter that ended in Mar. 2024 was C$0.52 Mil.

During the past 12 months, Class 1 Nickel and Technologies's average Total Assets Growth Rate was -12.60% per year. During the past 3 years, the average Total Assets Growth Rate was 43.80% per year.

During the past 5 years, Class 1 Nickel and Technologies's highest 3-Year average Total Assets Growth Rate was 206.40%. The lowest was 43.80%. And the median was 125.10%.

Total Assets is connected with ROA %. Class 1 Nickel and Technologies's annualized ROA % for the quarter that ended in Mar. 2024 was -613.88%. Total Assets is also linked to Revenue through Asset Turnover. Class 1 Nickel and Technologies's Asset Turnover for the quarter that ended in Mar. 2024 was 0.00.

Class 1 Nickel and Technologies Total Assets Historical Data

The historical data trend for Class 1 Nickel and Technologies'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.

* Premium members only.

Class 1 Nickel and Technologies Total Assets Chart

Class 1 Nickel and Technologies Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

0.20

4.02

2.70

0.85

0.55

Class 1 Nickel and Technologies Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial														0.92	1.34	1.02	0.55	0.52

Class 1 Nickel and Technologies 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.

Class 1 Nickel and Technologies'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 )
	=	-1.931	+	2.477
	=	0.55

Class 1 Nickel and Technologies'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 )
	=	-2.245	+	2.765
	=	0.52

Class 1 Nickel and Technologies (XCNQ:NICO) Total Assets Explanation

Total Assets is connected with ROA %.

Class 1 Nickel and Technologies'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 )
	=	-3.272	/	( (0.546	+	0.52)	/ 2 )
	=	-3.272	/	0.533
	=	-613.88 %

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.

Class 1 Nickel and Technologies'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	/	( (0.546	+	0.52)	/ 2 )
=	0	/	0.533
=	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.

Class 1 Nickel and Technologies Total Assets Related Terms

Thank you for viewing the detailed overview of Class 1 Nickel and Technologies's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

Class 1 Nickel and Technologies (XCNQ:NICO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Class 1 Nickel and Technologies Ltd (XCNQ:NICO) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

NICLF:USA 77C:Germany

Address

82 Richmond Street East, Toronto, ON, CAN, M5C 1P1

Website

https://www.class1nickel.com

Class 1 Nickel and Technologies Ltd is engaged in the business of mineral exploration and development of minerals and base metals in Canada. The company operates two high-grade past producing nickel sulphide projects in Tier 1 mining camps, including the Alexo-Dundonald Project with existing NI43-101 Compliant Mineral Resource with majority resource growth and near-term mining potential.

Executives

Omar Gonzalez Araujo

Senior Officer

Class 1 Nickel and Technologies (XCNQ:NICO) Headlines

No Headlines