Altamira Gold (FRA:T6UP) Total Assets : €16.88 Mil (As of Nov. 2023)

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What is Altamira Gold Total Assets?

Altamira Gold's Total Assets for the quarter that ended in Nov. 2023 was €16.88 Mil.

During the past 12 months, Altamira Gold's average Total Assets Growth Rate was 10.50% per year. During the past 3 years, the average Total Assets Growth Rate was 14.50% per year. During the past 5 years, the average Total Assets Growth Rate was 8.90% per year. During the past 10 years, the average Total Assets Growth Rate was 28.50% per year.

During the past 13 years, Altamira Gold's highest 3-Year average Total Assets Growth Rate was 291.60%. The lowest was -26.50%. And the median was 18.80%.

Total Assets is connected with ROA %. Altamira Gold's annualized ROA % for the quarter that ended in Nov. 2023 was -5.06%. Total Assets is also linked to Revenue through Asset Turnover. Altamira Gold's Asset Turnover for the quarter that ended in Nov. 2023 was 0.00.

Altamira Gold Total Assets Historical Data

The historical data trend for Altamira 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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Altamira Gold Total Assets Chart

Altamira Gold Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Total Assets

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7.85

8.79

10.06

13.73

13.55

Altamira Gold Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Total Assets	Get a 7-Day Free Trial															14.50	13.55	13.23	13.30	16.88

Altamira 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.

Altamira Gold's Total Assets for the fiscal year that ended in Feb. 2023 is calculated as

Total Assets	=	Total Equity (A: Feb. 2023 )	+	Total Liabilities (A: Feb. 2023 )
	=	13.049	+	0.505
	=	13.55

Altamira Gold's Total Assets for the quarter that ended in Nov. 2023 is calculated as

Total Assets	=	Total Equity (Q: Nov. 2023 )	+	Total Liabilities (Q: Nov. 2023 )
	=	16.515	+	0.369
	=	16.88

Altamira Gold (FRA:T6UP) Total Assets Explanation

Total Assets is connected with ROA %.

Altamira Gold's annualized ROA % for the quarter that ended in Nov. 2023 is

ROA %	=	Net Income (Q: Nov. 2023 )	/	( (Total Assets (Q: Aug. 2023 )	+	Total Assets (Q: Nov. 2023 ))	/ count )
	=	-0.764	/	( (13.298	+	16.884)	/ 2 )
	=	-0.764	/	15.091
	=	-5.06 %

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

Altamira Gold's Asset Turnover for the quarter that ended in Nov. 2023 is

	Asset Turnover
=	Revenue (Q: Nov. 2023 )	/	( (Total Assets (Q: Aug. 2023 )	+	Total Assets (Q: Nov. 2023 ))	/ count )
=	0	/	( (13.298	+	16.884)	/ 2 )
=	0	/	15.091
=	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.

Altamira Gold Total Assets Related Terms

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Altamira Gold (FRA:T6UP) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Altamira Gold Corp (FRA:T6UP) » Definitions » Total Assets

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EQTRF:USA ALTA:Canada

Address

409 Granville Street, Suite 1500, Vancouver, BC, CAN, V6C 1T2

Website

https://www.altamiragold.com

Altamira Gold Corp is a junior natural resource company. Principally, it is engaged in the acquisition, exploration, development, and mining of mineral properties. Its project consists of Cajueiro Project, Crepori Project, Apiacas Project, Nova Canaa, Santa Helena and others. The geographical segments of the group are Canada and Brazil.

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