AVTGF (Avanti Gold) Total Assets : $0.06 Mil (As of Jan. 2025)

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What is Avanti Gold Total Assets?

Avanti Gold's Total Assets for the quarter that ended in Jan. 2025 was $0.06 Mil.

During the past 12 months, Avanti Gold's average Total Assets Growth Rate was 8.80% per year. During the past 3 years, the average Total Assets Growth Rate was -53.60% per year. During the past 5 years, the average Total Assets Growth Rate was 27.60% per year.

During the past 10 years, Avanti Gold's highest 3-Year average Total Assets Growth Rate was 266.80%. The lowest was -66.10%. And the median was -9.75%.

Total Assets is connected with ROA %. Avanti Gold's annualized ROA % for the quarter that ended in Jan. 2025 was -2,036.88%. Total Assets is also linked to Revenue through Asset Turnover. Avanti Gold's Asset Turnover for the quarter that ended in Jan. 2025 was 0.00.

Avanti Gold Total Assets Historical Data

The historical data trend for Avanti 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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Avanti Gold Total Assets Chart

Avanti Gold Annual Data

Trend

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Apr24

Total Assets

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0.04

0.54

0.05

0.26

0.22

Avanti Gold Quarterly Data
	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24	Jan25
Total Assets	Get a 7-Day Free Trial															0.06	0.22	0.05	0.08	0.06

Avanti 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.

Avanti Gold's Total Assets for the fiscal year that ended in Apr. 2024 is calculated as

Total Assets	=	Total Equity (A: Apr. 2024 )	+	Total Liabilities (A: Apr. 2024 )
	=	-5.1	+	5.32
	=	0.22

Avanti Gold's Total Assets for the quarter that ended in Jan. 2025 is calculated as

Total Assets	=	Total Equity (Q: Jan. 2025 )	+	Total Liabilities (Q: Jan. 2025 )
	=	-6.614	+	6.671
	=	0.06

Avanti Gold (OTCPK:AVTGF) Total Assets Explanation

Total Assets is connected with ROA %.

Avanti Gold's annualized ROA % for the quarter that ended in Jan. 2025 is

ROA %	=	Net Income (Q: Jan. 2025 )	/	( (Total Assets (Q: Oct. 2024 )	+	Total Assets (Q: Jan. 2025 ))	/ count )
	=	-1.436	/	( (0.084	+	0.057)	/ 2 )
	=	-1.436	/	0.0705
	=	-2,036.88 %

Note: The Net Income data used here is four times the quarterly (Jan. 2025) 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.

Avanti Gold's Asset Turnover for the quarter that ended in Jan. 2025 is

	Asset Turnover
=	Revenue (Q: Jan. 2025 )	/	( (Total Assets (Q: Oct. 2024 )	+	Total Assets (Q: Jan. 2025 ))	/ count )
=	0	/	( (0.084	+	0.057)	/ 2 )
=	0	/	0.0705
=	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.

Avanti Gold Total Assets Related Terms

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Avanti Gold Business Description

Industry

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

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X370:Germany AGC:Canada

Address

1055 West Hastings Street, Suite 2380, Vancouver, BC, CAN, V6E 2E9

Website

https://www.avantigoldcorp.com

Avanti Gold Corp is a mineral exploration company working on a Tier-1 gold opportunity in the Democratic Republic of the Congo, located in the Fizi territory of South Kivu province. The Misisi Gold Project contains an inferred mineral resource of 3 million ounces of gold. The Project comprises three contiguous 30-year mining leases, covering 133 square kilometers of prospective exploration ground along the long Kibara Gold Belt.

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