Refined Energy (XCNQ:RUU) Total Assets : C$0.64 Mil (As of Dec. 2023)

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What is Refined Energy Total Assets?

Refined Energy's Total Assets for the quarter that ended in Dec. 2023 was C$0.64 Mil.

During the past 12 months, Refined Energy's average Total Assets Growth Rate was 60.50% per year. During the past 3 years, the average Total Assets Growth Rate was -67.40% per year. During the past 5 years, the average Total Assets Growth Rate was -39.30% per year.

During the past 8 years, Refined Energy's highest 3-Year average Total Assets Growth Rate was 1302.20%. The lowest was -79.50%. And the median was 29.00%.

Total Assets is connected with ROA %. Refined Energy's annualized ROA % for the quarter that ended in Dec. 2023 was -64.30%. Total Assets is also linked to Revenue through Asset Turnover. Refined Energy's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Refined Energy Total Assets Historical Data

The historical data trend for Refined Energy'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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Refined Energy Total Assets Chart

Refined Energy Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Assets

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33.72

22.44

3.55

0.28

0.86

Refined Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial															1.05	0.92	0.86	0.63	0.64

Refined Energy 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.

Refined Energy's Total Assets for the fiscal year that ended in Jun. 2023 is calculated as

Total Assets	=	Total Equity (A: Jun. 2023 )	+	Total Liabilities (A: Jun. 2023 )
	=	0.126	+	0.736
	=	0.86

Refined Energy's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	-0.233	+	0.868
	=	0.64

Refined Energy (XCNQ:RUU) Total Assets Explanation

Total Assets is connected with ROA %.

Refined Energy's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	-0.408	/	( (0.634	+	0.635)	/ 2 )
	=	-0.408	/	0.6345
	=	-64.30 %

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

Refined Energy's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	0	/	( (0.634	+	0.635)	/ 2 )
=	0	/	0.6345
=	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.

Refined Energy Total Assets Related Terms

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Refined Energy (XCNQ:RUU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Refined Energy Corp (XCNQ:RUU) » Definitions » Total Assets

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RFMCF:USA CWA0:Germany

Address

1177 West Hastings Street, Suite 1930, Vancouver, BC, CAN, V6E 2K3

Website

https://refinedmetalscorp.com

Refined Metals Corp is a junior mining company dedicated to identifying, evaluating, and acquiring interests in mineral properties in North America. It has three properties, the Lac Simard Lithium Property in the Lac Simard Region of Quebec; the Rose Property located near Kamloops, British Columbia which is an exploration stage silver-gold-copper-zinc property and the Horizon South Property located in the endowed Big Smoky Valley basins in Esmeralda County, Nevada.

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