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Veris Gold (Veris Gold) Total Assets : $302.6 Mil (As of Sep. 2014)


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What is Veris Gold Total Assets?

Veris Gold's Total Assets for the quarter that ended in Sep. 2014 was $302.6 Mil.

Total Assets is connected with ROA %. Veris Gold's annualized ROA % for the quarter that ended in Sep. 2014 was -8.57%. Total Assets is also linked to Revenue through Asset Turnover. Veris Gold's Asset Turnover for the quarter that ended in Sep. 2014 was 0.19.


Veris Gold Total Assets Historical Data

The historical data trend for Veris 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.

* Premium members only.

Veris Gold Total Assets Chart

Veris Gold Annual Data
Trend Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
Total Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 195.44 219.24 327.65 348.46 312.95

Veris Gold Quarterly Data
Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14
Total Assets Get a 7-Day Free Trial 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 347.28 312.95 315.11 307.16 302.56

Veris 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.

Veris Gold's Total Assets for the fiscal year that ended in Dec. 2013 is calculated as

Total Assets=Total Equity (A: Dec. 2013 )+Total Liabilities (A: Dec. 2013 )
=46.485+266.466
=313.0

Veris Gold's Total Assets for the quarter that ended in Sep. 2014 is calculated as

Total Assets=Total Equity (Q: Sep. 2014 )+Total Liabilities (Q: Sep. 2014 )
=17.438+285.118
=302.6

* 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.


Veris Gold  (OTCPK:YNGFF) Total Assets Explanation

Total Assets is connected with ROA %.

Veris Gold's annualized ROA % for the quarter that ended in Sep. 2014 is

ROA %=Net Income (Q: Sep. 2014 )/( (Total Assets (Q: Jun. 2014 )+Total Assets (Q: Sep. 2014 ))/ count )
=-26.116/( (307.163+302.556)/ 2 )
=-26.116/304.8595
=-8.57 %

Note: The Net Income data used here is four times the quarterly (Sep. 2014) 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.

Veris Gold's Asset Turnover for the quarter that ended in Sep. 2014 is

Asset Turnover
=Revenue (Q: Sep. 2014 )/( (Total Assets (Q: Jun. 2014 )+Total Assets (Q: Sep. 2014 ))/ count )
=57.252/( (307.163+302.556)/ 2 )
=57.252/304.8595
=0.19

* 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.

Veris Gold Total Assets Related Terms

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Veris Gold (Veris Gold) Business Description

Traded in Other Exchanges
N/A
Address
688 West Hastings Street, Suite 900, Vancouver, BC, CAN, V6B 1P1
Veris Gold Corp is a Canadian based company engaged in the gold mining activities. It is engaged in the mining, exploration, and development of mineral properties located in Canada and the United States. The company primarily holds an interest in Jerritt Canyon gold mine located in Elko, Nevada; and the Ketza River property located in the Yukon Territory in Canada. Veris primarily explores for gold, silver, zinc, and copper properties.

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