First Mining Gold (FRA:FMG) Total Assets : €184.55 Mil (As of Mar. 2024)

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What is First Mining Gold Total Assets?

First Mining Gold's Total Assets for the quarter that ended in Mar. 2024 was €184.55 Mil.

During the past 12 months, First Mining Gold's average Total Assets Growth Rate was 0.90% per year. During the past 3 years, the average Total Assets Growth Rate was 2.50% per year. During the past 5 years, the average Total Assets Growth Rate was 0.60% per year. During the past 10 years, the average Total Assets Growth Rate was 164.10% per year.

During the past 13 years, First Mining Gold's highest 3-Year average Total Assets Growth Rate was 4766.80%. The lowest was -84.30%. And the median was 26.00%.

Total Assets is connected with ROA %. First Mining Gold's annualized ROA % for the quarter that ended in Mar. 2024 was -26.18%. Total Assets is also linked to Revenue through Asset Turnover. First Mining Gold's Asset Turnover for the quarter that ended in Mar. 2024 was 0.00.

First Mining Gold Total Assets Historical Data

The historical data trend for First Mining 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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First Mining Gold Total Assets Chart

First Mining Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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183.17

193.30

179.98

185.49

195.53

First Mining Gold Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															188.28	194.02	191.19	195.53	184.55

First Mining 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.

First Mining Gold'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 )
	=	162.945	+	32.585
	=	195.53

First Mining Gold's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	149.93	+	34.619
	=	184.55

First Mining Gold (FRA:FMG) Total Assets Explanation

Total Assets is connected with ROA %.

First Mining Gold's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	-49.752	/	( (195.53	+	184.549)	/ 2 )
	=	-49.752	/	190.0395
	=	-26.18 %

Note: The Net Income data used here is four times the quarterly (Mar. 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.

First Mining Gold's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	0	/	( (195.53	+	184.549)	/ 2 )
=	0	/	190.0395
=	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.

First Mining Gold Total Assets Related Terms

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First Mining Gold (FRA:FMG) Business Description

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

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FFMGF:USA FF:Canada

Address

1188 West Georgia Street, Suite 2070, Vancouver, BC, CAN, V6E 4A2

Website

http://www.firstmininggold.com

First Mining Gold Corp is engaged in the acquisition, exploration, development and selective disposition of its North American mineral properties. It is engaged in advancing a portfolio of gold projects in Canada, with the project being the Springpole Gold Project in northwestern Ontario. The company also holds an equity position in Treasury Metals which is advancing the Goliath Gold Complex toward construction. Its portfolio of gold projects in eastern Canada also includes Hope Brook, Cameron, Duparquet, Duquesne, and Pitt gold projects. In addition, the Company holds an interest in the PC Gold legal entity which holds the Pickle Crow gold project.

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