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Western Gold Resources (ASX:WGR) Total Assets : A$2.57 Mil (As of Dec. 2023)


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What is Western Gold Resources Total Assets?

Western Gold Resources's Total Assets for the quarter that ended in Dec. 2023 was A$2.57 Mil.

During the past 12 months, Western Gold Resources's average Total Assets Growth Rate was 108.20% per year. During the past 3 years, the average Total Assets Growth Rate was 17.70% per year.

During the past 4 years, Western Gold Resources's highest 3-Year average Total Assets Growth Rate was 17.70%. The lowest was 17.70%. And the median was 17.70%.

Total Assets is connected with ROA %. Western Gold Resources's annualized ROA % for the quarter that ended in Dec. 2023 was -164.69%. Total Assets is also linked to Revenue through Asset Turnover. Western Gold Resources's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Western Gold Resources Total Assets Historical Data

The historical data trend for Western Gold Resources'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.

Western Gold Resources Total Assets Chart

Western Gold Resources Annual Data
Trend Jun21 Jun22 Jun23 Jun24
Total Assets
0.84 2.92 1.29 2.07

Western Gold Resources Semi-Annual Data
Dec20 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Total Assets Get a 7-Day Free Trial 2.92 1.47 1.29 2.57 2.07

Western Gold Resources 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.

Western Gold Resources's Total Assets for the fiscal year that ended in Jun. 2024 is calculated as

Total Assets=Total Equity (A: Jun. 2024 )+Total Liabilities (A: Jun. 2024 )
=1.328+0.741
=2.07

Western Gold Resources's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets=Total Equity (Q: Dec. 2023 )+Total Liabilities (Q: Dec. 2023 )
=2.4+0.164
=2.56

* 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.

Western Gold Resources  (ASX:WGR) Total Assets Explanation

Total Assets is connected with ROA %.

Western Gold Resources's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %=Net Income (Q: Dec. 2023 )/( (Total Assets (Q: Jun. 2023 )+Total Assets (Q: Dec. 2023 ))/ count )
=-3.176/( (1.292+2.565)/ 2 )
=-3.176/1.9285
=-164.69 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2023) 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.

Western Gold Resources's Asset Turnover for the quarter that ended in Dec. 2023 is

Asset Turnover
=Revenue (Q: Dec. 2023 )/( (Total Assets (Q: Jun. 2023 )+Total Assets (Q: Dec. 2023 ))/ count )
=0/( (1.292+2.565)/ 2 )
=0/1.9285
=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.

Western Gold Resources Total Assets Related Terms

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Western Gold Resources Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Western Gold Resources Ltd (ASX:WGR) » Definitions » Total Assets
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Traded in Other Exchanges
N/A
Address
46 Colin Street, Level 4, West Perth, Perth, WA, AUS, 6005
Website
https://www.westerngoldresources.com.au
Western Gold Resources Ltd focuses on the exploration of gold properties in Western Australia and West Africa. The company intends to explore the Wiluna West Gold Project located near the town of Wiluna in the Midwest region of Western Australia.

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