West Red Lake Gold Mines (TSXV:WRLG) Total Assets : C$88.41 Mil (As of Feb. 2024)

West Red Lake Gold Mines Total Assets Chart

West Red Lake Gold Mines Annual Data
	Trend	Nov14	Nov15	Nov16	Nov17	Nov18	Nov19	Nov20	Nov21	Nov22	Nov23
Total Assets		Get a 7-Day Free Trial					2.43	2.20	2.02	1.86	98.01

West Red Lake Gold Mines 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															17.18	42.19	99.09	98.01	88.41

West Red Lake 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.

West Red Lake Gold Mines's Total Assets for the fiscal year that ended in Nov. 2023 is calculated as

West Red Lake Gold Mines's Total Assets for the quarter that ended in Feb. 2024 is calculated as

* 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.

West Red Lake Gold Mines  (TSXV:WRLG) Total Assets Explanation

Total Assets is connected with ROA %.

West Red Lake Gold Mines's annualized ROA % for the quarter that ended in Feb. 2024 is

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.

West Red Lake Gold Mines's Asset Turnover for the quarter that ended in Feb. 2024 is

* 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.

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.

West Red Lake Gold Mines Total Assets Related Terms

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West Red Lake Gold Mines (TSXV:WRLG) Business Description