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Galway Metals Total Assets

: $24.55 Mil (As of Jun. 2021)
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Galway Metals's Total Assets for the quarter that ended in Jun. 2021 was $24.55 Mil.

During the past 12 months, Galway Metals's average Total Assets Growth Rate was 38.20% per year. During the past 3 years, the average Total Assets Growth Rate was 31.90% per year. During the past 5 years, the average Total Assets Growth Rate was 87.00% per year.

During the past 9 years, Galway Metals's highest 3-Year average Total Assets Growth Rate was 197.80%. The lowest was -50.60%. And the median was 74.00%.

Total Assets is connected with ROA %. Galway Metals's annualized ROA % for the quarter that ended in Jun. 2021 was -62.98%. Total Assets is also linked to Revenue through Asset Turnover. Galway Metals's Asset Turnover for the quarter that ended in Jun. 2021 was 0.00.


Galway Metals Total Assets Historical Data

The historical data trend for Galway Metals'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.

* Premium members only.

Galway Metals Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Total Assets
Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.70 9.05 9.23 9.64 19.31

Galway Metals Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
Total Assets Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 21.28 20.94 19.31 27.53 24.55

Galway Metals 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.

Galway Metals's Total Assets for the fiscal year that ended in Dec. 2020 is calculated as

Total Assets=Total Equity (A: Dec. 2020 )+Total Liabilities (A: Dec. 2020 )
=15.920836911547+3.3905847451011
=19.31

Galway Metals's Total Assets for the quarter that ended in Jun. 2021 is calculated as

Total Assets=Total Equity (Q: Jun. 2021 )+Total Liabilities (Q: Jun. 2021 )
=19.016366612111+5.5351882160393
=24.55

* 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.


Galway Metals  (OTCPK:GAYMF) Total Assets Explanation

Total Assets is connected with ROA %.

Galway Metals's annualized ROA % for the quarter that ended in Jun. 2021 is

ROA %=Net Income (Q: Jun. 2021 )/( (Total Assets (Q: Mar. 2021 )+Total Assets (Q: Jun. 2021 ))/ count )
=-16.399345335516/( (27.525658365821+24.551554828151)/ 2 )
=-16.399345335516/26.038606596986
=-62.98 %

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

Galway Metals's Asset Turnover for the quarter that ended in Jun. 2021 is

Asset Turnover
=Revenue (Q: Jun. 2021 )/( (Total Assets (Q: Mar. 2021 )+Total Assets (Q: Jun. 2021 ))/ count )
=0/( (27.525658365821+24.551554828151)/ 2 )
=0/26.038606596986
=0.00

* 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.

Galway Metals Total Assets Related Terms

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Galway Metals Business Description

Galway Metals logo
Industry
Basic Materials » Metals & Mining NAICS : 212221 SIC : 611
Traded in Other Exchanges
Address
82 Richmond Street East, Suite 200, Toronto, ON, CAN, M5C 1P1
Galway Metals Inc is an exploration-stage company. It is in the process of exploring for, and delineating resources at the Clarence Stream and Estrades gold projects, located in Canada's jurisdictions of New Brunswick and Quebec, respectively. The company's only operating segment is the acquisition, exploration, and development of mineral resource properties. It explores for gold at Clarence Stream and gold, silver, zinc, copper, and lead at Estrades.

Galway Metals Headlines

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