GGX Gold (FRA:3SR2) Total Assets : €0.08 Mil (As of Dec. 2023)

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What is GGX Gold Total Assets?

GGX Gold's Total Assets for the quarter that ended in Dec. 2023 was €0.08 Mil.

During the past 12 months, GGX Gold's average Total Assets Growth Rate was 4.00% per year. During the past 3 years, the average Total Assets Growth Rate was -37.40% per year. During the past 5 years, the average Total Assets Growth Rate was -20.20% per year. During the past 10 years, the average Total Assets Growth Rate was 1.80% per year.

During the past 13 years, GGX Gold's highest 3-Year average Total Assets Growth Rate was 161.30%. The lowest was -64.90%. And the median was -4.70%.

Total Assets is connected with ROA %. GGX Gold's annualized ROA % for the quarter that ended in Dec. 2023 was 32.26%. Total Assets is also linked to Revenue through Asset Turnover. GGX Gold's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

GGX Gold Total Assets Historical Data

The historical data trend for GGX 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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GGX Gold Total Assets Chart

GGX Gold Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Assets

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0.08

0.20

0.48

0.05

0.04

GGX 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															0.04	0.03	0.04	0.04	0.08

GGX 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.

GGX 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 )
	=	-1.26	+	1.299
	=	0.04

GGX 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 )
	=	-1.232	+	1.315
	=	0.08

GGX Gold (FRA:3SR2) Total Assets Explanation

Total Assets is connected with ROA %.

GGX 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 )
	=	0.02	/	( (0.041	+	0.083)	/ 2 )
	=	0.02	/	0.062
	=	32.26 %

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.

GGX 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	/	( (0.041	+	0.083)	/ 2 )
=	0	/	0.062
=	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.

GGX Gold Total Assets Related Terms

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GGX Gold (FRA:3SR2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » GGX Gold Corp (FRA:3SR2) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

GGXXF:USA 3SR:Germany GGX:Canada

Address

888 Dunsmuir Street, Suite 888, Vancouver, BC, CAN, V6C 3K4

Website

https://www.ggxgold.com

GGX Gold Corp is a Canada-based company. It is involved in the industrial metals and minerals business sector. The activities of the company consist of the acquisition, exploration, and development of mineral properties. The company has one project known as Gold Drop. It explores for gold, Tellurium, and silver properties.

GGX Gold (FRA:3SR2) Headlines

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