GRYCF (Graycliff Exploration) Total Assets : $0.07 Mil (As of Sep. 2024)

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What is Graycliff Exploration Total Assets?

Graycliff Exploration's Total Assets for the quarter that ended in Sep. 2024 was $0.07 Mil.

During the past 12 months, Graycliff Exploration's average Total Assets Growth Rate was -29.80% per year. During the past 3 years, the average Total Assets Growth Rate was -10.80% per year.

During the past 5 years, Graycliff Exploration's highest 3-Year average Total Assets Growth Rate was 74.40%. The lowest was -10.80%. And the median was 31.80%.

Total Assets is connected with ROA %. Graycliff Exploration's annualized ROA % for the quarter that ended in Sep. 2024 was -477.99%. Total Assets is also linked to Revenue through Asset Turnover. Graycliff Exploration's Asset Turnover for the quarter that ended in Sep. 2024 was 0.00.

Graycliff Exploration Total Assets Historical Data

The historical data trend for Graycliff Exploration'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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Graycliff Exploration Total Assets Chart

Graycliff Exploration Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

0.36

0.88

1.70

0.44

0.08

Graycliff Exploration Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Assets	Get a 7-Day Free Trial															0.12	0.08	0.14	0.09	0.07

Graycliff Exploration 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.

Graycliff Exploration'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 )
	=	-0.114	+	0.197
	=	0.08

Graycliff Exploration'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 )
	=	-0.242	+	0.315
	=	0.07

Graycliff Exploration (OTCPK:GRYCF) Total Assets Explanation

Total Assets is connected with ROA %.

Graycliff Exploration'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 )
	=	-0.38	/	( (0.087	+	0.072)	/ 2 )
	=	-0.38	/	0.0795
	=	-477.99 %

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.

Graycliff Exploration'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 )
=	0	/	( (0.087	+	0.072)	/ 2 )
=	0	/	0.0795
=	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.

Graycliff Exploration Total Assets Related Terms

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Graycliff Exploration Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Graycliff Exploration Ltd (OTCPK:GRYCF) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

GE00:Germany GRAY:Canada

Address

401 Bay Street, Suite 2702, Toronto, ON, CAN, M5H 2Y4

Website

https://www.graycliffexploration.com

Graycliff Exploration Ltd is engaged in the acquisition, exploration, development and extraction of natural resources, specifically precious metals. Its property includes the Shakespeare property which is located on the prolific Canadian Shield near Sudbury, Ontario, the Baldwin Project, and the Lunge Project. The current exploration programs include drilling for high-grade gold near surface and across an identified gold bearing horizon.