GMRCF (Gelum Resources) Total Assets : $0.11 Mil (As of Oct. 2024)

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What is Gelum Resources Total Assets?

Gelum Resources's Total Assets for the quarter that ended in Oct. 2024 was $0.11 Mil.

During the past 12 months, Gelum Resources's average Total Assets Growth Rate was -94.90% per year. During the past 3 years, the average Total Assets Growth Rate was 18.00% per year.

During the past 5 years, Gelum Resources's highest 3-Year average Total Assets Growth Rate was 609.20%. The lowest was 18.00%. And the median was 313.60%.

Total Assets is connected with ROA %. Gelum Resources's annualized ROA % for the quarter that ended in Oct. 2024 was -168.81%. Total Assets is also linked to Revenue through Asset Turnover. Gelum Resources's Asset Turnover for the quarter that ended in Oct. 2024 was 0.00.

Gelum Resources Total Assets Historical Data

The historical data trend for Gelum Resources'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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Gelum Resources Total Assets Chart

Gelum Resources Annual Data

Trend

Apr20

Apr21

Apr22

Apr23

Apr24

Total Assets

0.01

0.07

1.56

1.86

0.12

Gelum Resources Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
Total Assets	Get a 7-Day Free Trial															1.95	1.94	0.12	0.11	0.11

Gelum Resources 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.

Gelum Resources's Total Assets for the fiscal year that ended in Apr. 2024 is calculated as

Total Assets	=	Total Equity (A: Apr. 2024 )	+	Total Liabilities (A: Apr. 2024 )
	=	-0.394	+	0.517
	=	0.12

Gelum Resources's Total Assets for the quarter that ended in Oct. 2024 is calculated as

Total Assets	=	Total Equity (Q: Oct. 2024 )	+	Total Liabilities (Q: Oct. 2024 )
	=	-0.5	+	0.606
	=	0.11

Gelum Resources (OTCPK:GMRCF) Total Assets Explanation

Total Assets is connected with ROA %.

Gelum Resources's annualized ROA % for the quarter that ended in Oct. 2024 is

ROA %	=	Net Income (Q: Oct. 2024 )	/	( (Total Assets (Q: Jul. 2024 )	+	Total Assets (Q: Oct. 2024 ))	/ count )
	=	-0.184	/	( (0.112	+	0.106)	/ 2 )
	=	-0.184	/	0.109
	=	-168.81 %

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

Gelum Resources's Asset Turnover for the quarter that ended in Oct. 2024 is

	Asset Turnover
=	Revenue (Q: Oct. 2024 )	/	( (Total Assets (Q: Jul. 2024 )	+	Total Assets (Q: Oct. 2024 ))	/ count )
=	0	/	( (0.112	+	0.106)	/ 2 )
=	0	/	0.109
=	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.

Gelum Resources Total Assets Related Terms

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Gelum Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Gelum Resources Ltd (OTCPK:GMRCF) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

GMR:Canada

Address

200 Burrard Street, Suite 1570, Vancouver, BC, CAN, V6C 3L6

Website

https://www.gelumresources.com

Gelum Resources Ltd is engaged in the acquisition, exploration, and evaluation of mineral properties. Its Eldorado Gold Property is located within the Bralorne-Bridge River Gold District in south-central British Columbia.

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