Kirkland Lake Gold's Total Assets for the quarter that ended in Sep. 2021 was $7,252 Mil.
Warning Sign:
If a company builds asset at 61.5% a year, faster than its revenue growth rate of 29.3% over the past 5 years, it means that the company may be getting less efficent.
During the past 12 months, Kirkland Lake Gold's average Total Assets Growth Rate was 2.80% per year.
During the past 3 years, the average Total Assets Growth Rate was 70.80% per year.
During the past 5 years, the average Total Assets Growth Rate was 61.50% per year.
During the past 10 years, the average Total Assets Growth Rate was 47.80% per year.
During the past 13 years, Kirkland Lake Gold's highest 3-Year average Total Assets Growth Rate was 70.80%. The lowest was 13.70%. And the median was 40.80%.
The historical data trend for Kirkland Lake 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.
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.
Kirkland Lake Gold's Total Assets for the fiscal year that ended in Dec. 2020 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.
Kirkland Lake Gold (NYSE:KL) Total Assets Explanation
Note:
The Net Income data used here is four times the quarterly (Sep. 2021) 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.
Kirkland Lake Gold's Asset Turnover for the quarter that ended in Sep. 2021 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.
Kirkland Lake Gold Total Assets Related Terms
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Kirkland Lake Gold (Kirkland Lake Gold) Business Description
Kirkland Lake Gold Ltd is a Canada-based gold mining, development, and exploration company with a diversified portfolio of exploration projects. The production profile of the company includes the Macassa mine complex located in northeastern Ontario and the Fosterville gold mine located in the State of Victoria, Australia. Also, the company owns the Holt mine and the Detour mine. The company's mines and material mineral projects are located in Canada and Australia.
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