Outcrop Silver & Gold (TSXV:OCG) Total Assets : C$13.70 Mil (As of Feb. 2024)

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What is Outcrop Silver & Gold Total Assets?

Outcrop Silver & Gold's Total Assets for the quarter that ended in Feb. 2024 was C$13.70 Mil.

During the past 12 months, Outcrop Silver & Gold's average Total Assets Growth Rate was 136.10% per year. During the past 3 years, the average Total Assets Growth Rate was 4.50% per year. During the past 5 years, the average Total Assets Growth Rate was 36.60% per year. During the past 10 years, the average Total Assets Growth Rate was 28.80% per year.

During the past 13 years, Outcrop Silver & Gold's highest 3-Year average Total Assets Growth Rate was 71.50%. The lowest was -11.00%. And the median was 6.65%.

Total Assets is connected with ROA %. Outcrop Silver & Gold's annualized ROA % for the quarter that ended in Feb. 2024 was -62.38%. Total Assets is also linked to Revenue through Asset Turnover. Outcrop Silver & Gold's Asset Turnover for the quarter that ended in Feb. 2024 was 0.00.

Outcrop Silver & Gold Total Assets Historical Data

The historical data trend for Outcrop Silver & 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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Outcrop Silver & Gold Total Assets Chart

Outcrop Silver & Gold Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Total Assets

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1.65

10.95

9.42

6.00

8.93

Outcrop Silver & 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															7.30	10.56	8.93	15.63	13.70

Outcrop Silver & 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.

Outcrop Silver & 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 )
	=	8.424	+	0.508
	=	8.93

Outcrop Silver & 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 )
	=	12.8	+	0.897
	=	13.70

Outcrop Silver & Gold (TSXV:OCG) Total Assets Explanation

Total Assets is connected with ROA %.

Outcrop Silver & 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 )
	=	-9.148	/	( (15.634	+	13.697)	/ 2 )
	=	-9.148	/	14.6655
	=	-62.38 %

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.

Outcrop Silver & 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	/	( (15.634	+	13.697)	/ 2 )
=	0	/	14.6655
=	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.

Outcrop Silver & Gold Total Assets Related Terms

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Outcrop Silver & Gold (TSXV:OCG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Outcrop Silver & Gold Corp (TSXV:OCG) » Definitions » Total Assets

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Traded in Other Exchanges

OCGSF:USA MRG:Germany

Address

1111 West Hastings Street, Suite 905, Vancouver, BC, CAN, V6E 2J3

Website

https://www.outcropsilverandgold.com

Outcrop Silver & Gold Corp is engaged in the identification, acquisition, exploration, and development of mineral properties in Colombia and is therefore considered to be in the exploration stage. The company is engaged into projects such as OJECTS, Santa Ana, Mallama, Oribella and Argelia.

Executives