Equinox Gold's Total Assets for the quarter that ended in Dec. 2024 was $6,714 Mil.
Warning Sign:
If a company builds assets at 44.8% a year, faster than its revenue growth rate of 4.1% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Equinox Gold's average Total Assets Growth Rate was 68.90% per year.
During the past 3 years, the average Total Assets Growth Rate was 28.10% per year.
During the past 5 years, the average Total Assets Growth Rate was 44.80% per year.
During the past 10 years, the average Total Assets Growth Rate was 140.70% per year.
During the past 13 years, Equinox Gold's highest 3-Year average Total Assets Growth Rate was 1004.10%. The lowest was 22.30%. And the median was 76.40%.
The historical data trend for Equinox 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.
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.
Equinox Gold's Total Assets for the fiscal year that ended in Dec. 2024 is calculated as
* 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.
Note:
The Net Income data used here is four times the quarterly (Dec. 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.
Equinox Gold's Asset Turnover for the quarter that ended in Dec. 2024 is
* 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.
Equinox Gold Total Assets Related Terms
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Equinox Gold Corp is a mining company engaged in the operation, acquisition, exploration, and development of mineral properties, with a focus on gold. Equinox Gold has around seven operating gold mines and a clear plan to increase production by advancing the pipeline of growth projects. Geographically, the company operates in the United States, Mexico, and Brazil. The majority of its revenue is generated from Canada.
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