GFG Resources (FRA:2GQ) Total Assets : €22.30 Mil (As of Mar. 2024)

View and export this data going back to 2017. Start your Free Trial

What is GFG Resources Total Assets?

GFG Resources's Total Assets for the quarter that ended in Mar. 2024 was €22.30 Mil.

During the past 12 months, GFG Resources's average Total Assets Growth Rate was -19.50% per year. During the past 3 years, the average Total Assets Growth Rate was -0.30% per year. During the past 5 years, the average Total Assets Growth Rate was 5.90% per year. During the past 10 years, the average Total Assets Growth Rate was 255.40% per year.

During the past 11 years, GFG Resources's highest 3-Year average Total Assets Growth Rate was 1917.10%. The lowest was -0.30%. And the median was 78.50%.

Total Assets is connected with ROA %. GFG Resources's annualized ROA % for the quarter that ended in Mar. 2024 was -5.18%. Total Assets is also linked to Revenue through Asset Turnover. GFG Resources's Asset Turnover for the quarter that ended in Mar. 2024 was 0.00.

GFG Resources Total Assets Historical Data

The historical data trend for GFG 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.

* Premium members only.

GFG Resources Total Assets Chart

GFG Resources Annual Data

Trend

Feb14

Feb15

Feb16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Assets

Get a 7-Day Free Trial

19.65

24.42

24.28

28.83

23.22

GFG Resources Quarterly Data
	Jun19	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															30.58	23.22	22.98	22.46	22.30

GFG 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.

GFG Resources'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 )
	=	22.325	+	0.899
	=	23.22

GFG Resources'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 )
	=	21.779	+	0.517
	=	22.30

GFG Resources (FRA:2GQ) Total Assets Explanation

Total Assets is connected with ROA %.

GFG Resources'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 )
	=	-1.16	/	( (22.459	+	22.297)	/ 2 )
	=	-1.16	/	22.378
	=	-5.18 %

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.

GFG Resources'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	/	( (22.459	+	22.297)	/ 2 )
=	0	/	22.378
=	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.

GFG Resources Total Assets Related Terms

Thank you for viewing the detailed overview of GFG Resources's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

GFG Resources (FRA:2GQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » GFG Resources Inc (FRA:2GQ) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

GFGSF:USA GFG:Canada

Address

202-640 Broadway Avenue, Saskatoon, SK, CAN, S7N 1A9

Website

https://www.gfgresources.com

GFG Resources Inc is a precious metals exploration company. Its principal business is to acquire, explore, and develop interests in exploration and evaluation assets. The company holds an interest in the Rattlesnake Hills Gold Property which is located southwest of Casper in Central Wyoming, U.S., and Pen Gold and Dore Gold Projects located in Ontario, Canada.

GFG Resources (FRA:2GQ) Headlines

No Headlines