California Gold Mining (California Gold Mining) Total Assets : $5.78 Mil (As of May. 2021)

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What is California Gold Mining Total Assets?

California Gold Mining's Total Assets for the quarter that ended in May. 2021 was $5.78 Mil.

During the past 12 months, California Gold Mining's average Total Assets Growth Rate was -46.40% per year. During the past 3 years, the average Total Assets Growth Rate was 10.80% per year. During the past 5 years, the average Total Assets Growth Rate was 7.30% per year. During the past 10 years, the average Total Assets Growth Rate was 38.20% per year.

During the past 13 years, California Gold Mining's highest 3-Year average Total Assets Growth Rate was 459.90%. The lowest was 0.00%. And the median was 6.20%.

Total Assets is connected with ROA %. California Gold Mining's annualized ROA % for the quarter that ended in May. 2021 was -24.98%. Total Assets is also linked to Revenue through Asset Turnover. California Gold Mining's Asset Turnover for the quarter that ended in May. 2021 was 0.00.

California Gold Mining Total Assets Historical Data

The historical data trend for California Gold Mining'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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California Gold Mining Total Assets Chart

California Gold Mining Annual Data

Trend

Aug11

Aug12

Aug13

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Total Assets

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5.03

5.07

5.81

7.12

6.37

California Gold Mining Quarterly Data
	Aug16	Nov16	Feb17	May17	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21
Total Assets	Get a 7-Day Free Trial															9.19	6.37	6.64	5.75	5.78

California Gold Mining 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.

California Gold Mining's Total Assets for the fiscal year that ended in Aug. 2020 is calculated as

Total Assets	=	Total Equity (A: Aug. 2020 )	+	Total Liabilities (A: Aug. 2020 )
	=	1.348	+	5.017
	=	6.37

California Gold Mining's Total Assets for the quarter that ended in May. 2021 is calculated as

Total Assets	=	Total Equity (Q: May. 2021 )	+	Total Liabilities (Q: May. 2021 )
	=	0.107	+	5.67
	=	5.78

California Gold Mining (OTCPK:CFGMF) Total Assets Explanation

Total Assets is connected with ROA %.

California Gold Mining's annualized ROA % for the quarter that ended in May. 2021 is

ROA %	=	Net Income (Q: May. 2021 )	/	( (Total Assets (Q: Feb. 2021 )	+	Total Assets (Q: May. 2021 ))	/ count )
	=	-1.44	/	( (5.75	+	5.777)	/ 2 )
	=	-1.44	/	5.7635
	=	-24.98 %

Note: The Net Income data used here is four times the quarterly (May. 2021) 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.

California Gold Mining's Asset Turnover for the quarter that ended in May. 2021 is

	Asset Turnover
=	Revenue (Q: May. 2021 )	/	( (Total Assets (Q: Feb. 2021 )	+	Total Assets (Q: May. 2021 ))	/ count )
=	0	/	( (5.75	+	5.777)	/ 2 )
=	0	/	5.7635
=	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.

California Gold Mining Total Assets Related Terms

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California Gold Mining (California Gold Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » California Gold Mining Inc (OTCPK:CFGMF) » Definitions » Total Assets

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Address

1800, 130 King Street W., Toronto, ON, CAN, M5X 1E3

Website

http://www.caligold.ca

California Gold Mining Inc is a Canada-based mineral exploration company. Principally, it is engaged in the acquisition, exploration, and development of mineral resource properties. The company's project consists of Fremont project and Dingman project.