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AUMBF (1911 Gold) Total Assets : $25.08 Mil (As of Sep. 2024)


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What is 1911 Gold Total Assets?

1911 Gold's Total Assets for the quarter that ended in Sep. 2024 was $25.08 Mil.

During the past 12 months, 1911 Gold's average Total Assets Growth Rate was -1.00% per year. During the past 3 years, the average Total Assets Growth Rate was -4.80% per year. During the past 5 years, the average Total Assets Growth Rate was -5.40% per year.

During the past 7 years, 1911 Gold's highest 3-Year average Total Assets Growth Rate was -4.70%. The lowest was -18.20%. And the median was -5.65%.

Total Assets is connected with ROA %. 1911 Gold's annualized ROA % for the quarter that ended in Sep. 2024 was -16.50%. Total Assets is also linked to Revenue through Asset Turnover. 1911 Gold's Asset Turnover for the quarter that ended in Sep. 2024 was 0.00.

1911 Gold Total Assets Historical Data

The historical data trend for 1911 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.

1911 Gold Total Assets Chart

1911 Gold Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Assets
Get a 7-Day Free Trial 36.74 37.18 35.63 25.15 26.51

1911 Gold Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 24.27 26.51 25.55 24.62 25.08

1911 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.

1911 Gold's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets=Total Equity (A: Dec. 2023 )+Total Liabilities (A: Dec. 2023 )
=22.752+3.756
=26.51

1911 Gold's Total Assets for the quarter that ended in Sep. 2024 is calculated as

Total Assets=Total Equity (Q: Sep. 2024 )+Total Liabilities (Q: Sep. 2024 )
=22.207+2.872
=25.08

* 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.

1911 Gold  (OTCPK:AUMBF) Total Assets Explanation

Total Assets is connected with ROA %.

1911 Gold's annualized ROA % for the quarter that ended in Sep. 2024 is

ROA %=Net Income (Q: Sep. 2024 )/( (Total Assets (Q: Jun. 2024 )+Total Assets (Q: Sep. 2024 ))/ count )
=-4.1/( (24.618+25.08)/ 2 )
=-4.1/24.849
=-16.50 %

Note: The Net Income data used here is four times the quarterly (Sep. 2024) 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.

1911 Gold's Asset Turnover for the quarter that ended in Sep. 2024 is

Asset Turnover
=Revenue (Q: Sep. 2024 )/( (Total Assets (Q: Jun. 2024 )+Total Assets (Q: Sep. 2024 ))/ count )
=0/( (24.618+25.08)/ 2 )
=0/24.849
=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.

1911 Gold Total Assets Related Terms

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1911 Gold Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » 1911 Gold Corp (OTCPK:AUMBF) » Definitions » Total Assets
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Traded in Other Exchanges
2KY:Germany AUMB:Canada
Address
400 Burrard Street, Suite 1050, Vancouver, BC, CAN, V6C 3A6
Website
https://www.1911gold.com
1911 Gold Corp is engaged in the exploration and extraction of precious metals. The company owns and operates the Rice Lake property which holds the True North gold mine and mill, as well as the Apex property near Snow Lake, Manitoba, and the Denton-Keefer property near Timmins, Ontario. It has one operating segment, the Rice Lake property, which is located in Manitoba, Canada.