BMEX Gold (TSXV:BMEX) Total Assets : C$15.00 Mil (As of Feb. 2024)

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What is BMEX Gold Total Assets?

BMEX Gold's Total Assets for the quarter that ended in Feb. 2024 was C$15.00 Mil.

During the past 12 months, BMEX Gold's average Total Assets Growth Rate was 5.00% per year. During the past 3 years, the average Total Assets Growth Rate was 236.80% per year. During the past 5 years, the average Total Assets Growth Rate was 441.90% per year.

During the past 7 years, BMEX Gold's highest 3-Year average Total Assets Growth Rate was 912.10%. The lowest was 175.20%. And the median was 523.00%.

Total Assets is connected with ROA %. BMEX Gold's annualized ROA % for the quarter that ended in Feb. 2024 was -2.47%. Total Assets is also linked to Revenue through Asset Turnover. BMEX Gold's Asset Turnover for the quarter that ended in Feb. 2024 was 0.00.

BMEX Gold Total Assets Historical Data

The historical data trend for BMEX Gold'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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BMEX Gold Total Assets Chart

BMEX Gold Annual Data

Trend

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Total Assets

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0.25

0.94

14.16

14.20

14.91

BMEX Gold Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Total Assets	Get a 7-Day Free Trial															14.68	14.70	14.91	14.80	15.00

BMEX Gold 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.

BMEX Gold's Total Assets for the fiscal year that ended in Aug. 2023 is calculated as

Total Assets	=	Total Equity (A: Aug. 2023 )	+	Total Liabilities (A: Aug. 2023 )
	=	14.295	+	0.62
	=	14.92

BMEX Gold's Total Assets for the quarter that ended in Feb. 2024 is calculated as

Total Assets	=	Total Equity (Q: Feb. 2024 )	+	Total Liabilities (Q: Feb. 2024 )
	=	14.332	+	0.663
	=	15.00

BMEX Gold (TSXV:BMEX) Total Assets Explanation

Total Assets is connected with ROA %.

BMEX Gold's annualized ROA % for the quarter that ended in Feb. 2024 is

ROA %	=	Net Income (Q: Feb. 2024 )	/	( (Total Assets (Q: Nov. 2023 )	+	Total Assets (Q: Feb. 2024 ))	/ count )
	=	-0.368	/	( (14.804	+	14.995)	/ 2 )
	=	-0.368	/	14.8995
	=	-2.47 %

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

BMEX Gold's Asset Turnover for the quarter that ended in Feb. 2024 is

	Asset Turnover
=	Revenue (Q: Feb. 2024 )	/	( (Total Assets (Q: Nov. 2023 )	+	Total Assets (Q: Feb. 2024 ))	/ count )
=	0	/	( (14.804	+	14.995)	/ 2 )
=	0	/	14.8995
=	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.

BMEX Gold Total Assets Related Terms

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BMEX Gold (TSXV:BMEX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » BMEX Gold Inc (TSXV:BMEX) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

MRIRF:USA 8M0:Germany

Address

1177 W Hastings Street, Suite 2700, Vancouver, BC, CAN, V6E 2K3

Website

https://www.bmexgold.com

BMEX Gold Inc is a junior Canadian mining exploration company with the objective to acquire, explore, and develop viable gold and base metal projects in the mining-friendly jurisdictions of Quebec, Canada. It is fully focused on earning interest in its two projects, both located in the prolific Abitibi greenstone belt namely King Tut Gold Property, and Dunlop Bay Gold Property. It is engaged in the exploration and evaluation of mineral properties in Canada.

Executives

Robert Marc Bustin

Director

BMEX Gold (TSXV:BMEX) Headlines

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