Norsemont Mining (XCNQ:NOM) Total Assets : C$27.55 Mil (As of Sep. 2023)

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What is Norsemont Mining Total Assets?

Norsemont Mining's Total Assets for the quarter that ended in Sep. 2023 was C$27.55 Mil.

During the past 12 months, Norsemont Mining's average Total Assets Growth Rate was -0.40% per year. During the past 3 years, the average Total Assets Growth Rate was 1563.20% per year. During the past 5 years, the average Total Assets Growth Rate was 696.00% per year. During the past 10 years, the average Total Assets Growth Rate was 122.00% per year.

During the past 13 years, Norsemont Mining's highest 3-Year average Total Assets Growth Rate was 1669.80%. The lowest was -57.80%. And the median was -22.30%.

Total Assets is connected with ROA %. Norsemont Mining's annualized ROA % for the quarter that ended in Sep. 2023 was -9.97%. Total Assets is also linked to Revenue through Asset Turnover. Norsemont Mining's Asset Turnover for the quarter that ended in Sep. 2023 was 0.00.

Norsemont Mining Total Assets Historical Data

The historical data trend for Norsemont 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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Norsemont Mining Total Assets Chart

Norsemont Mining Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Total Assets

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0.03

0.27

35.37

30.32

27.63

Norsemont Mining Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Total Assets	Get a 7-Day Free Trial															27.78	27.63	27.64	27.57	27.55

Norsemont 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.

Norsemont Mining's Total Assets for the fiscal year that ended in Dec. 2022 is calculated as

Total Assets	=	Total Equity (A: Dec. 2022 )	+	Total Liabilities (A: Dec. 2022 )
	=	24.317	+	3.312
	=	27.63

Norsemont Mining's Total Assets for the quarter that ended in Sep. 2023 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2023 )	+	Total Liabilities (Q: Sep. 2023 )
	=	23.613	+	3.934
	=	27.55

Norsemont Mining (XCNQ:NOM) Total Assets Explanation

Total Assets is connected with ROA %.

Norsemont Mining's annualized ROA % for the quarter that ended in Sep. 2023 is

ROA %	=	Net Income (Q: Sep. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
	=	-2.748	/	( (27.566	+	27.547)	/ 2 )
	=	-2.748	/	27.5565
	=	-9.97 %

Note: The Net Income data used here is four times the quarterly (Sep. 2023) 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.

Norsemont Mining's Asset Turnover for the quarter that ended in Sep. 2023 is

	Asset Turnover
=	Revenue (Q: Sep. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
=	0	/	( (27.566	+	27.547)	/ 2 )
=	0	/	27.5565
=	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.

Norsemont Mining Total Assets Related Terms

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Norsemont Mining (XCNQ:NOM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Norsemont Mining Inc (XCNQ:NOM) » Definitions » Total Assets

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Traded in Other Exchanges

NRRSF:USA LXZ1:Germany

Address

700 West Pender Street, Suite 610, Vancouver, BC, CAN, V6C 1G8

Website

https://www.norsemont.com

Norsemont Mining Inc. comprises experienced natural resource professionals focused on growing shareholder value and fast-tracking its flagship project through to bankable feasibility. Norsemont owns a 100-per-cent interest in the Choquelimpie gold-silver project in northern Chile. The company's mining properties are located in Canada (Burge Lake Project) and Chile (Choquelimpie). Choquelimpie has over 1,700 drill holes, with substantial existing infrastructure. Other reportable segments consist of the Burge Lake Project.