Xcite Resources (XCNQ:XRI) Total Assets : C$0.39 Mil (As of Oct. 2024)

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What is Xcite Resources Total Assets?

Xcite Resources's Total Assets for the quarter that ended in Oct. 2024 was C$0.39 Mil.

During the past 12 months, Xcite Resources's average Total Assets Growth Rate was 23.80% per year. During the past 3 years, the average Total Assets Growth Rate was 106.70% per year.

During the past 4 years, Xcite Resources's highest 3-Year average Total Assets Growth Rate was 106.70%. The lowest was 106.70%. And the median was 106.70%.

Total Assets is connected with ROA %. Xcite Resources's annualized ROA % for the quarter that ended in Oct. 2024 was -251.98%. Total Assets is also linked to Revenue through Asset Turnover. Xcite Resources's Asset Turnover for the quarter that ended in Oct. 2024 was 0.00.

Xcite Resources Total Assets Historical Data

The historical data trend for Xcite Resources'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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Xcite Resources Total Assets Chart

Xcite Resources Annual Data

Trend

Oct21

Oct22

Oct23

Oct24

Total Assets

0.19

0.10

0.41

0.39

Xcite Resources Quarterly Data
	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
Total Assets	Get a 7-Day Free Trial										0.41	0.53	0.54	0.58	0.39

Xcite Resources 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.

Xcite Resources's Total Assets for the fiscal year that ended in Oct. 2024 is calculated as

Total Assets	=	Total Equity (A: Oct. 2024 )	+	Total Liabilities (A: Oct. 2024 )
	=	-0.027	+	0.412
	=	0.39

Xcite Resources's Total Assets for the quarter that ended in Oct. 2024 is calculated as

Total Assets	=	Total Equity (Q: Oct. 2024 )	+	Total Liabilities (Q: Oct. 2024 )
	=	-0.027	+	0.412
	=	0.39

Xcite Resources (XCNQ:XRI) Total Assets Explanation

Total Assets is connected with ROA %.

Xcite Resources's annualized ROA % for the quarter that ended in Oct. 2024 is

ROA %	=	Net Income (Q: Oct. 2024 )	/	( (Total Assets (Q: Jul. 2024 )	+	Total Assets (Q: Oct. 2024 ))	/ count )
	=	-1.212	/	( (0.577	+	0.385)	/ 2 )
	=	-1.212	/	0.481
	=	-251.98 %

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

Xcite Resources's Asset Turnover for the quarter that ended in Oct. 2024 is

	Asset Turnover
=	Revenue (Q: Oct. 2024 )	/	( (Total Assets (Q: Jul. 2024 )	+	Total Assets (Q: Oct. 2024 ))	/ count )
=	0	/	( (0.577	+	0.385)	/ 2 )
=	0	/	0.481
=	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.

Xcite Resources Total Assets Related Terms

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Xcite Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Xcite Resources Inc (XCNQ:XRI) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

1040 West Georgia Street, Suite 1170, Vancouver, BC, CAN, V6E 4H1

Website

https://www.xciteresources.com

Xcite Resources Inc is a Canada-based mineral exploration company on its Turgeon Lake Property, located in the Province of Quebec. It has one reportable segment, the exploration, and development of mineral property in the province of Quebec, Canada.

Executives

Carl Desjardins	10% Security Holder
Etienne Gouin-proulx	Director
Jean-francois Meilleur	10% Security Holder, Director, Senior Officer

Xcite Resources Headlines

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