Nevada Organic Phosphate (XCNQ:NOP) Total Assets : C$0.19 Mil (As of Jan. 2024)

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What is Nevada Organic Phosphate Total Assets?

Nevada Organic Phosphate's Total Assets for the quarter that ended in Jan. 2024 was C$0.19 Mil.

During the past 12 months, Nevada Organic Phosphate's average Total Assets Growth Rate was -69.50% per year. During the past 3 years, the average Total Assets Growth Rate was -83.60% per year. During the past 5 years, the average Total Assets Growth Rate was -60.90% per year.

During the past 8 years, Nevada Organic Phosphate's highest 3-Year average Total Assets Growth Rate was 236.10%. The lowest was -83.60%. And the median was 66.90%.

Total Assets is connected with ROA %. Nevada Organic Phosphate's annualized ROA % for the quarter that ended in Jan. 2024 was -892.42%. Total Assets is also linked to Revenue through Asset Turnover. Nevada Organic Phosphate's Asset Turnover for the quarter that ended in Jan. 2024 was 0.00.

Nevada Organic Phosphate Total Assets Historical Data

The historical data trend for Nevada Organic Phosphate'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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Nevada Organic Phosphate Total Assets Chart

Nevada Organic Phosphate Annual Data

Trend

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Apr22

Apr23

Total Assets

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24.42

49.85

28.16

0.28

0.49

Nevada Organic Phosphate Quarterly Data
	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Total Assets	Get a 7-Day Free Trial															0.70	0.49	0.31	0.09	0.19

Nevada Organic Phosphate 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.

Nevada Organic Phosphate's Total Assets for the fiscal year that ended in Apr. 2023 is calculated as

Total Assets	=	Total Equity (A: Apr. 2023 )	+	Total Liabilities (A: Apr. 2023 )
	=	0.444	+	0.045
	=	0.49

Nevada Organic Phosphate'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 )
	=	0.063	+	0.123
	=	0.19

Nevada Organic Phosphate (XCNQ:NOP) Total Assets Explanation

Total Assets is connected with ROA %.

Nevada Organic Phosphate'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 )
	=	-1.236	/	( (0.091	+	0.186)	/ 2 )
	=	-1.236	/	0.1385
	=	-892.42 %

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.

Nevada Organic Phosphate'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	/	( (0.091	+	0.186)	/ 2 )
=	0	/	0.1385
=	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.

Nevada Organic Phosphate Total Assets Related Terms

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Nevada Organic Phosphate (XCNQ:NOP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nevada Organic Phosphate Inc (XCNQ:NOP) » Definitions » Total Assets

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Traded in Other Exchanges

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Address

625 Howe Street, Suite 1120, Vancouver, BC, CAN, V6C 2T6

Website

https://www.nevadaphosphate.com

Nevada Organic Phosphate Inc is a junior exploration company for organic, sedimentary raw rock phosphate in northeast Nevada.

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