LONCF (Loncor Gold) Total Assets : $27.28 Mil (As of Sep. 2024)

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What is Loncor Gold Total Assets?

Loncor Gold's Total Assets for the quarter that ended in Sep. 2024 was $27.28 Mil.

During the past 12 months, Loncor Gold's average Total Assets Growth Rate was -37.80% per year. During the past 3 years, the average Total Assets Growth Rate was -8.50% per year. During the past 5 years, the average Total Assets Growth Rate was 1.40% per year. During the past 10 years, the average Total Assets Growth Rate was 2.70% per year.

During the past 13 years, Loncor Gold's highest 3-Year average Total Assets Growth Rate was 276.50%. The lowest was -53.40%. And the median was 3.05%.

Total Assets is connected with ROA %. Loncor Gold's annualized ROA % for the quarter that ended in Sep. 2024 was -9.69%. Total Assets is also linked to Revenue through Asset Turnover. Loncor Gold's Asset Turnover for the quarter that ended in Sep. 2024 was 0.00.

Loncor Gold Total Assets Historical Data

The historical data trend for Loncor 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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Loncor Gold Total Assets Chart

Loncor Gold Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Total Assets

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32.67

40.33

42.89

24.37

19.54

Loncor Gold Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Total Assets	Get a 7-Day Free Trial															24.37	24.01	25.90	27.28	19.54

Loncor 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.

Loncor Gold'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 )
	=	21.568	+	2.798
	=	24.37

Loncor Gold'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 )
	=	20.026	+	7.257
	=	27.28

Loncor Gold (OTCPK:LONCF) Total Assets Explanation

Total Assets is connected with ROA %.

Loncor Gold'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 )
	=	-2.576	/	( (25.895	+	27.283)	/ 2 )
	=	-2.576	/	26.589
	=	-9.69 %

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.

Loncor Gold'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	/	( (25.895	+	27.283)	/ 2 )
=	0	/	26.589
=	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.

Loncor Gold Total Assets Related Terms

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Loncor Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Loncor Gold Inc (OTCPK:LONCF) » Definitions » Total Assets

Comparable Companies

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LO51:Germany LN:Canada

Address

4120 Yonge Street, Suite 304, 1 First Canadian Place, Toronto, ON, CAN, M2P 2B8

Website

https://www.loncor.com

Loncor Gold Inc is a gold exploration company focused on projects on the Ngayu Belt in the Democratic Republic of the Congo. The Adumbi gold deposit is the focus of Loncor's activity and can be found within Loncor's 84.68% owned Imbo Project. The company has Africa's largest gold producer, the Barrick-managed Kibali Gold mine as a neighbour 130 miles away.