Q-Gold Resources (TSXV:QGR) Total Assets : C$0.10 Mil (As of Dec. 2023)

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What is Q-Gold Resources Total Assets?

Q-Gold Resources's Total Assets for the quarter that ended in Dec. 2023 was C$0.10 Mil.

During the past 12 months, Q-Gold Resources's average Total Assets Growth Rate was -62.90% per year. During the past 3 years, the average Total Assets Growth Rate was -59.60% per year. During the past 5 years, the average Total Assets Growth Rate was 33.70% per year. During the past 10 years, the average Total Assets Growth Rate was 49.30% per year.

During the past 13 years, Q-Gold Resources's highest 3-Year average Total Assets Growth Rate was 672.50%. The lowest was -60.40%. And the median was -6.10%.

Total Assets is connected with ROA %. Q-Gold Resources's annualized ROA % for the quarter that ended in Dec. 2023 was -497.66%. Total Assets is also linked to Revenue through Asset Turnover. Q-Gold Resources's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Q-Gold Resources Total Assets Historical Data

The historical data trend for Q-Gold Resources'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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Q-Gold Resources Total Assets Chart

Q-Gold Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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0.10

1.83

1.41

0.48

0.10

Q-Gold Resources 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															0.48	0.31	0.21	0.20	0.10

Q-Gold Resources 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.

Q-Gold Resources'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 )
	=	-1.885	+	1.986
	=	0.10

Q-Gold Resources'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 )
	=	-1.885	+	1.986
	=	0.10

Q-Gold Resources (TSXV:QGR) Total Assets Explanation

Total Assets is connected with ROA %.

Q-Gold Resources'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 )
	=	-0.744	/	( (0.198	+	0.101)	/ 2 )
	=	-0.744	/	0.1495
	=	-497.66 %

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.

Q-Gold Resources'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	/	( (0.198	+	0.101)	/ 2 )
=	0	/	0.1495
=	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.

Q-Gold Resources Total Assets Related Terms

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Q-Gold Resources (TSXV:QGR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Q-Gold Resources Ltd (TSXV:QGR) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

QGLDF:USA

Address

198 Davenport Road, Toronto, ON, CAN, M5R 1J2

Website

https://www.qgoldresources.com

Q-Gold Resources Ltd is a mineral exploration company. The operations of the company are in Canada and the United States. It has one material operating segment (the exploration of its North American and Peru mineral licences) . Some of the properties of the firm are Foley Mine, McKenzie Gray, Mine Centre, Surupana and many more.

Executives

Sulliden Mining Capital Inc.

10% Security Holder

Q-Gold Resources (TSXV:QGR) Headlines

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