Desert Gold Ventures (TSXV:DAU) Total Assets : C$0.40 Mil (As of Dec. 2023)

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What is Desert Gold Ventures Total Assets?

Desert Gold Ventures's Total Assets for the quarter that ended in Dec. 2023 was C$0.40 Mil.

During the past 12 months, Desert Gold Ventures's average Total Assets Growth Rate was -82.60% per year. During the past 3 years, the average Total Assets Growth Rate was -36.40% per year. During the past 5 years, the average Total Assets Growth Rate was -10.40% per year. During the past 10 years, the average Total Assets Growth Rate was 11.60% per year.

During the past 13 years, Desert Gold Ventures's highest 3-Year average Total Assets Growth Rate was 329.10%. The lowest was -87.90%. And the median was 14.20%.

Total Assets is connected with ROA %. Desert Gold Ventures's annualized ROA % for the quarter that ended in Dec. 2023 was -126.59%. Total Assets is also linked to Revenue through Asset Turnover. Desert Gold Ventures's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Desert Gold Ventures Total Assets Historical Data

The historical data trend for Desert Gold Ventures'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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Desert Gold Ventures Total Assets Chart

Desert Gold Ventures Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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0.35

5.17

1.80

1.88

0.40

Desert Gold Ventures 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															1.88	1.35	0.97	0.67	0.40

Desert Gold Ventures 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.

Desert Gold Ventures's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	0.235	+	0.166
	=	0.40

Desert Gold Ventures'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 )
	=	0.235	+	0.166
	=	0.40

Desert Gold Ventures (TSXV:DAU) Total Assets Explanation

Total Assets is connected with ROA %.

Desert Gold Ventures'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 )
	=	-0.676	/	( (0.667	+	0.401)	/ 2 )
	=	-0.676	/	0.534
	=	-126.59 %

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.

Desert Gold Ventures'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	/	( (0.667	+	0.401)	/ 2 )
=	0	/	0.534
=	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.

Desert Gold Ventures Total Assets Related Terms

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Desert Gold Ventures (TSXV:DAU) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

DAUGF:USA QXR2:Germany

Address

9648-128th Street, Suite 210, Surrey, BC, CAN, V3T 2X9

Website

https://www.desertgold.ca

Desert Gold Ventures Inc is an exploration stage company. It is principally engaged in the business of acquisition, exploration, and development of mineral resource properties. The company conducts mineral property exploration in Mali and Rwanda. It holds an interest in Farabantourou exploration, Djimbala, and SMSZ project.

Executives

Don Dudek

Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)

Desert Gold Ventures (TSXV:DAU) Headlines

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