Power Group Projects (TSXV:PGP) Total Assets : C$0.03 Mil (As of Oct. 2023)

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What is Power Group Projects Total Assets?

Power Group Projects's Total Assets for the quarter that ended in Oct. 2023 was C$0.03 Mil.

During the past 12 months, Power Group Projects's average Total Assets Growth Rate was -91.70% per year. During the past 3 years, the average Total Assets Growth Rate was -13.00% per year. During the past 5 years, the average Total Assets Growth Rate was -19.80% per year. During the past 10 years, the average Total Assets Growth Rate was -28.90% per year.

During the past 13 years, Power Group Projects's highest 3-Year average Total Assets Growth Rate was 69.20%. The lowest was -72.20%. And the median was -13.90%.

Total Assets is connected with ROA %. Power Group Projects's annualized ROA % for the quarter that ended in Oct. 2023 was -251.43%. Total Assets is also linked to Revenue through Asset Turnover. Power Group Projects's Asset Turnover for the quarter that ended in Oct. 2023 was 0.00.

Power Group Projects Total Assets Historical Data

The historical data trend for Power Group Projects'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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Power Group Projects Total Assets Chart

Power Group Projects Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Total Assets

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1.50

0.36

0.19

0.72

0.10

Power Group Projects Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Total Assets	Get a 7-Day Free Trial															0.18	0.10	0.08	0.04	0.03

Power Group Projects 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.

Power Group Projects's Total Assets for the fiscal year that ended in Jan. 2023 is calculated as

Total Assets	=	Total Equity (A: Jan. 2023 )	+	Total Liabilities (A: Jan. 2023 )
	=	0.031	+	0.072
	=	0.10

Power Group Projects's Total Assets for the quarter that ended in Oct. 2023 is calculated as

Total Assets	=	Total Equity (Q: Oct. 2023 )	+	Total Liabilities (Q: Oct. 2023 )
	=	-0.084	+	0.116
	=	0.03

Power Group Projects (TSXV:PGP) Total Assets Explanation

Total Assets is connected with ROA %.

Power Group Projects's annualized ROA % for the quarter that ended in Oct. 2023 is

ROA %	=	Net Income (Q: Oct. 2023 )	/	( (Total Assets (Q: Jul. 2023 )	+	Total Assets (Q: Oct. 2023 ))	/ count )
	=	-0.088	/	( (0.038	+	0.032)	/ 2 )
	=	-0.088	/	0.035
	=	-251.43 %

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

Power Group Projects's Asset Turnover for the quarter that ended in Oct. 2023 is

	Asset Turnover
=	Revenue (Q: Oct. 2023 )	/	( (Total Assets (Q: Jul. 2023 )	+	Total Assets (Q: Oct. 2023 ))	/ count )
=	0	/	( (0.038	+	0.032)	/ 2 )
=	0	/	0.035
=	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.

Power Group Projects Total Assets Related Terms

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Power Group Projects (TSXV:PGP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Power Group Projects Corp (TSXV:PGP) » Definitions » Total Assets

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PGPGF:USA 9GCA:Germany

Address

999 West Hastings Street, Suite 520, Vancouver, BC, CAN, V6C 2W2

Website

https://www.powergroupproject.com

Power Group Projects Corp is a Canadian company which is engaged in the acquisition and exploration of resource properties. The company owns an interest in Smith Cobalt Project, Canadian Cobalt Project, Ontario Cobalt Project and Little Trout Cobalt Project among others.

Power Group Projects (TSXV:PGP) Headlines

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