Maple Gold Mines (FRA:M3G) Total Assets : €2.65 Mil (As of Mar. 2024)

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What is Maple Gold Mines Total Assets?

Maple Gold Mines's Total Assets for the quarter that ended in Mar. 2024 was €2.65 Mil.

During the past 12 months, Maple Gold Mines's average Total Assets Growth Rate was 119.50% per year. During the past 3 years, the average Total Assets Growth Rate was -6.00% per year. During the past 5 years, the average Total Assets Growth Rate was -11.10% per year. During the past 10 years, the average Total Assets Growth Rate was -9.00% per year.

During the past 13 years, Maple Gold Mines's highest 3-Year average Total Assets Growth Rate was 93.90%. The lowest was -77.00%. And the median was -14.40%.

Total Assets is connected with ROA %. Maple Gold Mines's annualized ROA % for the quarter that ended in Mar. 2024 was -18.91%. Total Assets is also linked to Revenue through Asset Turnover. Maple Gold Mines's Asset Turnover for the quarter that ended in Mar. 2024 was 0.00.

Maple Gold Mines Total Assets Historical Data

The historical data trend for Maple Gold Mines'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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Maple Gold Mines Total Assets Chart

Maple Gold Mines Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Total Assets

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3.51

3.99

13.83

15.45

7.78

Maple Gold Mines Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Mar24
Total Assets	Get a 7-Day Free Trial															12.19	7.78	6.78	4.29	2.65

Maple Gold Mines 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.

Maple Gold Mines's Total Assets for the fiscal year that ended in Dec. 2022 is calculated as

Total Assets	=	Total Equity (A: Dec. 2022 )	+	Total Liabilities (A: Dec. 2022 )
	=	6.465	+	1.315
	=	7.78

Maple Gold Mines'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 )
	=	1.9	+	0.75
	=	2.65

Maple Gold Mines (FRA:M3G) Total Assets Explanation

Total Assets is connected with ROA %.

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

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	-0.656	/	( (4.289	+	2.65)	/ 2 )
	=	-0.656	/	3.4695
	=	-18.91 %

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.

Maple Gold Mines's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	0	/	( (4.289	+	2.65)	/ 2 )
=	0	/	3.4695
=	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.

Maple Gold Mines Total Assets Related Terms

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Maple Gold Mines (FRA:M3G) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Maple Gold Mines Ltd (FRA:M3G) » Definitions » Total Assets

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MGMLF:USA MGM:Canada

Address

600 - 1111 West Hastings Street, 6th Floor, Vancouver, BC, CAN, V6E 2J3

Website

https://www.maplegoldmines.com

Maple Gold Mines Ltd is a Canadian advanced exploration company in a 50/50 joint venture with Agnico Eagle Mines Ltd to jointly advance the district-scale Douay and Joutel gold projects located in Quebec's prolific Abitibi Greenstone Gold Belt. The district-scale property package also hosts a significant number of regional exploration targets along a 55 km strike length of the Casa Berardi Deformation Zone that have yet to be tested through drilling, making the project ripe for new gold and polymetallic discoveries. Its segment includes mineral exploration in Canada. The company is well-capitalized and is currently focused on carrying out exploration and drill programs to grow resources and make new discoveries to establish an exciting new gold district in the heart of the Abitibi.

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