Avidian Gold (Avidian Gold) Total Assets : $1.16 Mil (As of Dec. 2023)

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What is Avidian Gold Total Assets?

Avidian Gold's Total Assets for the quarter that ended in Dec. 2023 was $1.16 Mil.

During the past 12 months, Avidian Gold's average Total Assets Growth Rate was -26.00% per year. During the past 3 years, the average Total Assets Growth Rate was 81.20% per year. During the past 5 years, the average Total Assets Growth Rate was 17.20% per year.

During the past 9 years, Avidian Gold's highest 3-Year average Total Assets Growth Rate was 310.70%. The lowest was -28.30%. And the median was 81.20%.

Total Assets is connected with ROA %. Avidian Gold's annualized ROA % for the quarter that ended in Dec. 2023 was -80.98%. Total Assets is also linked to Revenue through Asset Turnover. Avidian Gold's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Avidian Gold Total Assets Historical Data

The historical data trend for Avidian 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.

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Avidian Gold Total Assets Chart

Avidian Gold Annual Data

Trend

Mar15

Mar16

Mar17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Assets

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1.41

1.13

5.52

1.96

1.29

Avidian Gold Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial															1.67	1.41	1.29	1.21	1.16

Avidian 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.

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

Total Assets	=	Total Equity (A: Jun. 2023 )	+	Total Liabilities (A: Jun. 2023 )
	=	0.568	+	0.721
	=	1.29

Avidian Gold'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 )
	=	0.261	+	0.903
	=	1.16

Avidian Gold (OTCPK:AVGDF) Total Assets Explanation

Total Assets is connected with ROA %.

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

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	-0.96	/	( (1.208	+	1.163)	/ 2 )
	=	-0.96	/	1.1855
	=	-80.98 %

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

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

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	0	/	( (1.208	+	1.163)	/ 2 )
=	0	/	1.1855
=	0.00

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.

Avidian Gold Total Assets Related Terms

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Avidian Gold (Avidian Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Avidian Gold Corp (OTCPK:AVGDF) » Definitions » Total Assets

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AVG:Canada

Address

110 Yonge Street, Suite 1601, Toronto, ON, CAN, M5C 1T4

Website

https://www.avidiangold.com

Avidian Gold Corp is a Canada-based mineral exploration company. Principally, it is engaged in the business of acquiring and exploring gold projects. The company holds right to explore several properties comprising of Golden Zone, Labrador West, Amanita and Jungo.