Elevation Gold Mining (Elevation Gold Mining) Total Assets : $106.76 Mil (As of Dec. 2023)

View and export this data going back to 2011. Start your Free Trial

What is Elevation Gold Mining Total Assets?

Elevation Gold Mining's Total Assets for the quarter that ended in Dec. 2023 was $106.76 Mil.

During the past 12 months, Elevation Gold Mining's average Total Assets Growth Rate was -6.00% per year. During the past 3 years, the average Total Assets Growth Rate was 2.40% per year. During the past 5 years, the average Total Assets Growth Rate was 5.50% per year. During the past 10 years, the average Total Assets Growth Rate was 31.70% per year.

During the past 13 years, Elevation Gold Mining's highest 3-Year average Total Assets Growth Rate was 2279.50%. The lowest was 2.40%. And the median was 37.75%.

Total Assets is connected with ROA %. Elevation Gold Mining's annualized ROA % for the quarter that ended in Dec. 2023 was -48.90%. Total Assets is also linked to Revenue through Asset Turnover. Elevation Gold Mining's Asset Turnover for the quarter that ended in Dec. 2023 was 0.15.

Elevation Gold Mining Total Assets Historical Data

The historical data trend for Elevation 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.

* Premium members only.

Elevation Gold Mining Total Assets Chart

Elevation Gold Mining Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Dec21

Dec22

Dec23

Total Assets

Get a 7-Day Free Trial

98.76

103.75

140.98

113.93

106.76

Elevation Gold Mining 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															113.93	112.44	113.43	115.82	106.76

Elevation 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.

Elevation Gold Mining'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 )
	=	33.555	+	73.209
	=	106.76

Elevation Gold Mining'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 )
	=	33.555	+	73.209
	=	106.76

Elevation Gold Mining (OTCPK:EVGDF) Total Assets Explanation

Total Assets is connected with ROA %.

Elevation Gold Mining'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 )
	=	-54.416	/	( (115.815	+	106.764)	/ 2 )
	=	-54.416	/	111.2895
	=	-48.90 %

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.

Elevation Gold Mining'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 )
=	16.337	/	( (115.815	+	106.764)	/ 2 )
=	16.337	/	111.2895
=	0.15

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.

Elevation Gold Mining Total Assets Related Terms

Thank you for viewing the detailed overview of Elevation Gold Mining's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

Elevation Gold Mining (Elevation Gold Mining) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

54NA:Germany ELVT:Canada

Address

1188 West Georgia, Suite 1920, Vancouver, BC, CAN, V6E 4A2

Website

https://www.elevationgold.com

Elevation Gold Mining Corp operates as a precious metals exploration and mining company. It acquires, explores for, and develops mineral properties in the United States and Canada. The firm is focused on the reactivation of its Moss Mine Project. The company operates through a single segment which is the acquisition, exploration, development and production of precious metals.. It generates revenue from the sale of gold and silver.