Omai Gold Mines (TSXV:OMG) Total Assets : C$5.74 Mil (As of Dec. 2023)

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What is Omai Gold Mines Total Assets?

Omai Gold Mines's Total Assets for the quarter that ended in Dec. 2023 was C$5.74 Mil.

During the past 12 months, Omai Gold Mines's average Total Assets Growth Rate was 0.80% per year. During the past 3 years, the average Total Assets Growth Rate was 93.00% per year.

During the past 5 years, Omai Gold Mines's highest 3-Year average Total Assets Growth Rate was 93.10%. The lowest was 93.00%. And the median was 93.05%.

Total Assets is connected with ROA %. Omai Gold Mines's annualized ROA % for the quarter that ended in Dec. 2023 was -44.48%. Total Assets is also linked to Revenue through Asset Turnover. Omai Gold Mines's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Omai Gold Mines Total Assets Historical Data

The historical data trend for Omai Gold Mines'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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Omai Gold Mines Total Assets Chart

Omai Gold Mines Annual Data

Trend

Sep19

Sep20

Dec21

Dec22

Dec23

Total Assets

0.71

0.76

9.99

9.11

5.74

Omai Gold Mines Quarterly Data
	Sep19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial										9.11	8.27	7.23	6.60	5.74

Omai Gold Mines 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.

Omai Gold Mines'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 )
	=	4.553	+	1.186
	=	5.74

Omai Gold Mines'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 )
	=	4.553	+	1.186
	=	5.74

Omai Gold Mines (TSXV:OMG) Total Assets Explanation

Total Assets is connected with ROA %.

Omai Gold Mines'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 )
	=	-2.744	/	( (6.599	+	5.738)	/ 2 )
	=	-2.744	/	6.1685
	=	-44.48 %

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.

Omai Gold Mines'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	/	( (6.599	+	5.738)	/ 2 )
=	0	/	6.1685
=	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.

Omai Gold Mines Total Assets Related Terms

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Omai Gold Mines (TSXV:OMG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Omai Gold Mines Corp (TSXV:OMG) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

OMGGF:USA 0N2:Germany

Address

130 King Street West, Suite 3680, Toronto, ON, CAN, M5X 1B1

Website

https://www.omaigoldmines.com

Omai Gold Mines Corp is a mineral exploration company. Its Omai gold mine is located in Guyana, on the North coast of South America. The mine has two open pits: the Fennell pit and the Wenot pit. Its other project is Grenfell Property.

Executives

Derek Macpherson

Director