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Torex Gold Resources (TSX:TXG) Goodwill-to-Asset : 0.00 (As of Sep. 2024)


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What is Torex Gold Resources Goodwill-to-Asset?

Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets. Torex Gold Resources's Goodwill for the quarter that ended in Sep. 2024 was C$0 Mil. Torex Gold Resources's Total Assets for the quarter that ended in Sep. 2024 was C$2,785 Mil. Therefore, Torex Gold Resources's Goodwill to Asset Ratio for the quarter that ended in Sep. 2024 was 0.00.


Torex Gold Resources Goodwill-to-Asset Historical Data

The historical data trend for Torex Gold Resources's Goodwill-to-Asset 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.

Torex Gold Resources Goodwill-to-Asset Chart

Torex Gold Resources Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Goodwill-to-Asset
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Torex Gold Resources Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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Competitive Comparison of Torex Gold Resources's Goodwill-to-Asset

For the Gold subindustry, Torex Gold Resources's Goodwill-to-Asset, along with its competitors' market caps and Goodwill-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Torex Gold Resources's Goodwill-to-Asset Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Torex Gold Resources's Goodwill-to-Asset distribution charts can be found below:

* The bar in red indicates where Torex Gold Resources's Goodwill-to-Asset falls into.



Torex Gold Resources Goodwill-to-Asset Calculation

Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets.

It is calculated by dividing goodwill by total assets.

Torex Gold Resources's Goodwill to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Goodwill to Asset (A: Dec. 2023 )=Goodwill/Total Assets
=0/2462.909
=0.00

Torex Gold Resources's Goodwill to Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

Goodwill to Asset (Q: Sep. 2024 )=Goodwill/Total Assets
=0/2784.922
=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.


Torex Gold Resources  (TSX:TXG) Goodwill-to-Asset Explanation

If the goodwill-to-asset ratio increases, it can mean that the company is recording a proportionately higher amount of goodwill, assuming total assets are remaining constant. It is generally good to see a company increasing its assets regularly; however, if these increases are coming from intangible assets, such as goodwill, the increases may not be as good.

Increases in the goodwill-to-asset ratio might suggest that a company has been aggressively acquiring other firms or has seen its tangible assets decrease in value. When a large portion of total assets are attributable to intangible assets (such as goodwill), the company may be at risk of having that portion of its asset base wiped out quickly if it must record any goodwill impairments. Decreases in the goodwill-to-assets ratio suggest that the company has either written down some goodwill or increased its tangible assets.

Asset needs vary from industry to industry. This is why comparing goodwill-to-assets ratios is generally most meaningful among companies within the same industry. By comparing a company's goodwill to assets ratio to those of other companies within the same industry, investors can get a feel for how a company is managing its goodwill.


Torex Gold Resources Goodwill-to-Asset Related Terms

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Torex Gold Resources Business Description

Address
130 King Street West, Suite 740, Exchange Tower, Toronto, ON, CAN, M5X 2A2
Torex Gold Resources Inc is an intermediate producer of gold and other precious metals, engaged in the exploration, development, and exploration of its wholly owned Morelos Gold Property. The property consists of 29,000 hectares in the Guerrero Gold Belt, located 180 kilometres southwest of Mexico City and approximately 50 kilometres southwest of Iguala. Within this property, the company has two assets: the El Limon-Guajes Mine, an open pit gold deposit located north of the Balsas river, and the Media Luna Project.
Executives
Caroline Donally Director
Rodrigo Sandoval Navarro Director
David Stefanuto Senior Officer
Faysal Abhem Rodriguez Valenzuela Senior Officer
Jay C. Kellerman Director
Jennifer Jeene Hooper Director
Daniel James Thomas Rollins Senior Officer
Angela Mary Robson Senior Officer
Jody Lynne Mary Kuzenko Senior Officer
Rosalie C. Moore Director
Roy Stephen Slack Director
Richard Allan Howes Director
Andrew Peter Snowden Senior Officer
Robin Anne Bienenstock Director
Harold Bernard Loyer Director or Senior Officer of 10% Security Holder