GGAZF (Goldgroup Mining) Total Assets : $7.52 Mil (As of Sep. 2024)

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What is Goldgroup Mining Total Assets?

Goldgroup Mining's Total Assets for the quarter that ended in Sep. 2024 was $7.52 Mil.

During the past 12 months, Goldgroup Mining's average Total Assets Growth Rate was -27.90% per year. During the past 3 years, the average Total Assets Growth Rate was 0.50% per year. During the past 5 years, the average Total Assets Growth Rate was -1.20% per year. During the past 10 years, the average Total Assets Growth Rate was -14.90% per year.

During the past 13 years, Goldgroup Mining's highest 3-Year average Total Assets Growth Rate was 214.70%. The lowest was -44.10%. And the median was 23.15%.

Total Assets is connected with ROA %. Goldgroup Mining's annualized ROA % for the quarter that ended in Sep. 2024 was -57.61%. Total Assets is also linked to Revenue through Asset Turnover. Goldgroup Mining's Asset Turnover for the quarter that ended in Sep. 2024 was 0.46.

Goldgroup Mining Total Assets Historical Data

The historical data trend for Goldgroup 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.

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Goldgroup Mining Total Assets Chart

Goldgroup Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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9.68

11.06

10.87

15.41

9.42

Goldgroup Mining Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Jun24	Sep24
Total Assets	Get a 7-Day Free Trial															10.20	9.09	9.42	8.42	7.52

Goldgroup 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.

Goldgroup 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 )
	=	-6.369	+	15.788
	=	9.42

Goldgroup Mining's Total Assets for the quarter that ended in Sep. 2024 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2024 )	+	Total Liabilities (Q: Sep. 2024 )
	=	-6.695	+	14.215
	=	7.52

Goldgroup Mining (OTCPK:GGAZF) Total Assets Explanation

Total Assets is connected with ROA %.

Goldgroup Mining's annualized ROA % for the quarter that ended in Sep. 2024 is

ROA %	=	Net Income (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
	=	-4.592	/	( (8.421	+	7.52)	/ 2 )
	=	-4.592	/	7.9705
	=	-57.61 %

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

Goldgroup Mining's Asset Turnover for the quarter that ended in Sep. 2024 is

	Asset Turnover
=	Revenue (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
=	3.695	/	( (8.421	+	7.52)	/ 2 )
=	3.695	/	7.9705
=	0.46

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.

Goldgroup Mining Total Assets Related Terms

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Goldgroup Mining Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Goldgroup Mining Inc (OTCPK:GGAZF) » Definitions » Total Assets

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55G0:Germany 55G0:Germany GGA:Canada

Address

1166 Alberni Street, Suite 1201, Vancouver, BC, CAN, V6E 3Z3

Website

https://www.goldgroupmining.com

Goldgroup Mining Inc is a Canadian-based gold production, development, and exploration company with an upside in a portfolio of projects in Mexico, including an interest in DynaResource de Mexico, S.A. de C.V., which owns 100 percent of the high-grade gold exploration project, San Jose de Gracia, located in the State of Sinaloa. In addition, the company operates its 100%-owned Cerro Prieto heap-leach gold mine, in the State of Sonora, Mexico.