Relevant Gold (TSXV:RGC) Total Assets : C$0.89 Mil (As of Mar. 2024)

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What is Relevant Gold Total Assets?

Relevant Gold's Total Assets for the quarter that ended in Mar. 2024 was C$0.89 Mil.

During the past 12 months, Relevant Gold's average Total Assets Growth Rate was 74.80% per year.

Total Assets is connected with ROA %. Relevant Gold's annualized ROA % for the quarter that ended in Mar. 2024 was -312.00%. Total Assets is also linked to Revenue through Asset Turnover. Relevant Gold's Asset Turnover for the quarter that ended in Mar. 2024 was 0.00.

Relevant Gold Total Assets Historical Data

The historical data trend for Relevant 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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Relevant Gold Total Assets Chart

Relevant Gold Annual Data

Trend

Dec21

Dec22

Dec23

Total Assets

0.89

1.35

1.25

Relevant Gold Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial							0.87	3.57	2.58	1.25	0.89

Relevant 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.

Relevant Gold'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 )
	=	0.688	+	0.558
	=	1.25

Relevant Gold's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	0.149	+	0.745
	=	0.89

Relevant Gold (TSXV:RGC) Total Assets Explanation

Total Assets is connected with ROA %.

Relevant Gold's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	-3.34	/	( (1.247	+	0.894)	/ 2 )
	=	-3.34	/	1.0705
	=	-312.00 %

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

Relevant Gold's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	0	/	( (1.247	+	0.894)	/ 2 )
=	0	/	1.0705
=	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.

Relevant Gold Total Assets Related Terms

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Relevant Gold (TSXV:RGC) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

RGCCF:USA

Address

1055 West Hastings Street, Suite 1700, Vancouver, BC, CAN, V6E 2E9

Website

https://www.relevantgoldcorp.com

Relevant Gold Corp is a mineral resource company. The company is focused on the acquisition, exploration, discovery, and development of mineral resource properties in Wyoming, USA. Its properties comprise Golden Buffalo gold property, Lewiston gold property, Windy Flats, Shield-Carissa property, and Bradley Peak property.

Executives

Mahesh Nalinda Liyanage

Senior Officer