Gold Port (XCNQ:GPO) Total Assets : C$3.48 Mil (As of Mar. 2024)

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What is Gold Port Total Assets?

Gold Port's Total Assets for the quarter that ended in Mar. 2024 was C$3.48 Mil.

During the past 12 months, Gold Port's average Total Assets Growth Rate was -7.80% per year. During the past 3 years, the average Total Assets Growth Rate was -11.20% per year. During the past 5 years, the average Total Assets Growth Rate was -9.70% per year.

During the past 7 years, Gold Port's highest 3-Year average Total Assets Growth Rate was 23.60%. The lowest was -22.60%. And the median was -9.10%.

Total Assets is connected with ROA %. Gold Port's annualized ROA % for the quarter that ended in Mar. 2024 was 14.77%. Total Assets is also linked to Revenue through Asset Turnover. Gold Port's Asset Turnover for the quarter that ended in Mar. 2024 was 0.00.

Gold Port Total Assets Historical Data

The historical data trend for Gold Port'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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Gold Port Total Assets Chart

Gold Port Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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2.22

8.37

6.28

4.51

3.35

Gold Port Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															4.39	4.07	3.81	3.35	3.48

Gold Port 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.

Gold Port'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 )
	=	3.048	+	0.299
	=	3.35

Gold Port'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 )
	=	3.175	+	0.302
	=	3.48

Gold Port (XCNQ:GPO) Total Assets Explanation

Total Assets is connected with ROA %.

Gold Port'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 )
	=	0.504	/	( (3.347	+	3.477)	/ 2 )
	=	0.504	/	3.412
	=	14.77 %

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.

Gold Port'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	/	( (3.347	+	3.477)	/ 2 )
=	0	/	3.412
=	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.

Gold Port Total Assets Related Terms

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Gold Port (XCNQ:GPO) Business Description

Industry

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

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GPOTF:USA

Address

1681 Chestnut Street, Suite 400, Vancouver, BC, CAN, V6J 4M6

Website

https://www.goldportcorporation.com

Gold Port Corp is a gold exploration company focused on Guyana, South America. The company owns the Groete Creek Gold Project located in the prolific Guiana Shield, which is home to some of the world's largest gold deposits. Combined with the Akaiwong and Tamberlin gold exploration projects, both in Guyana, Gold Port holds an exciting inventory of exploration and development stage gold projects. It operates in a single reportable operating segment which is exploration and evaluation assets in Guyana and Canada.

Executives

Adrian Frederick Codrington Hobkirk

Director, Senior Officer

Gold Port (XCNQ:GPO) Headlines

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