Asante Gold (XCNQ:ASE) Total Assets : C$915.6 Mil (As of Jan. 2024)

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What is Asante Gold Total Assets?

Asante Gold's Total Assets for the quarter that ended in Jan. 2024 was C$915.6 Mil.

During the past 12 months, Asante Gold's average Total Assets Growth Rate was -6.00% per year. During the past 3 years, the average Total Assets Growth Rate was 438.30% per year. During the past 5 years, the average Total Assets Growth Rate was 260.60% per year. During the past 10 years, the average Total Assets Growth Rate was 79.20% per year.

During the past 13 years, Asante Gold's highest 3-Year average Total Assets Growth Rate was 460.70%. The lowest was 6.50%. And the median was 17.80%.

Total Assets is connected with ROA %. Asante Gold's annualized ROA % for the quarter that ended in Jan. 2024 was 19.21%. Total Assets is also linked to Revenue through Asset Turnover. Asante Gold's Asset Turnover for the quarter that ended in Jan. 2024 was 0.18.

Asante Gold Total Assets Historical Data

The historical data trend for Asante 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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Asante Gold Total Assets Chart

Asante Gold Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Total Assets

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5.52

6.32

226.85

977.63

915.64

Asante Gold Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Total Assets	Get a 7-Day Free Trial															977.63	1,000.77	962.52	1,001.59	915.64

Asante 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.

Asante Gold's Total Assets for the fiscal year that ended in Jan. 2024 is calculated as

Total Assets	=	Total Equity (A: Jan. 2024 )	+	Total Liabilities (A: Jan. 2024 )
	=	56.969	+	858.67
	=	915.6

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

Total Assets	=	Total Equity (Q: Jan. 2024 )	+	Total Liabilities (Q: Jan. 2024 )
	=	56.969	+	858.67
	=	915.6

Asante Gold (XCNQ:ASE) Total Assets Explanation

Total Assets is connected with ROA %.

Asante Gold's annualized ROA % for the quarter that ended in Jan. 2024 is

ROA %	=	Net Income (Q: Jan. 2024 )	/	( (Total Assets (Q: Oct. 2023 )	+	Total Assets (Q: Jan. 2024 ))	/ count )
	=	184.192	/	( (1001.589	+	915.639)	/ 2 )
	=	184.192	/	958.614
	=	19.21 %

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

Asante Gold's Asset Turnover for the quarter that ended in Jan. 2024 is

	Asset Turnover
=	Revenue (Q: Jan. 2024 )	/	( (Total Assets (Q: Oct. 2023 )	+	Total Assets (Q: Jan. 2024 ))	/ count )
=	176.547	/	( (1001.589	+	915.639)	/ 2 )
=	176.547	/	958.614
=	0.18

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.

Asante Gold Total Assets Related Terms

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Asante Gold (XCNQ:ASE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Asante Gold Corp (XCNQ:ASE) » Definitions » Total Assets

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ASGOF:USA 1A9:Germany

Address

800 West Pender Street, Suite 615, Vancouver, BC, CAN, V6C 2V6

Website

https://www.asantegold.com

Asante Gold Corp is an exploration stage company. It plans to capitalize on the gold-rich and growing mining environment by continuing to build assets through exploration, development, and acquisitions. The company is involved in the exploration and evaluation of mineral properties in Ghana, West Africa. The group portfolio consists of various projects namely Fahiakoba, Betanase, Keyhole, and Kubi and it generally explores gold deposits. The company has also acquired the Bibiani gold mine from Resolute Mining.

Executives

Eben Swanepoel

Senior Officer

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