Bullabulling Gold (LSE:BGL) Total Assets : £2.23 Mil (As of Jun. 2014)

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What is Bullabulling Gold Total Assets?

Bullabulling Gold's Total Assets for the quarter that ended in Jun. 2014 was £2.23 Mil.

During the past 12 months, Bullabulling Gold's average Total Assets Growth Rate was -73.60% per year. During the past 3 years, the average Total Assets Growth Rate was -44.10% per year. During the past 5 years, the average Total Assets Growth Rate was -27.40% per year.

During the past 6 years, Bullabulling Gold's highest 3-Year average Total Assets Growth Rate was -13.00%. The lowest was -46.30%. And the median was -44.10%.

Total Assets is connected with ROA %. Bullabulling Gold's annualized ROA % for the quarter that ended in Jun. 2014 was -138.60%. Total Assets is also linked to Revenue through Asset Turnover. Bullabulling Gold's Asset Turnover for the quarter that ended in Jun. 2014 was 0.02.

Bullabulling Gold Total Assets Historical Data

The historical data trend for Bullabulling 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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Bullabulling Gold Total Assets Chart

Bullabulling Gold Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Total Assets

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6.06

15.81

9.92

4.40

3.14

Bullabulling Gold Semi-Annual Data
	Jun12	Dec12	Jun13	Dec13	Jun14
Total Assets	-	4.40	5.00	3.14	2.23

Bullabulling 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.

Bullabulling Gold's Total Assets for the fiscal year that ended in Dec. 2013 is calculated as

Total Assets	=	Total Equity (A: Dec. 2013 )	+	Total Liabilities (A: Dec. 2013 )
	=	2.087	+	1.052
	=	3.14

Bullabulling Gold's Total Assets for the quarter that ended in Jun. 2014 is calculated as

Total Assets	=	Total Equity (Q: Jun. 2014 )	+	Total Liabilities (Q: Jun. 2014 )
	=	0.509	+	1.717
	=	2.23

Bullabulling Gold (LSE:BGL) Total Assets Explanation

Total Assets is connected with ROA %.

Bullabulling Gold's annualized ROA % for the quarter that ended in Jun. 2014 is

ROA %	=	Net Income (Q: Jun. 2014 )	/	( (Total Assets (Q: Dec. 2013 )	+	Total Assets (Q: Jun. 2014 ))	/ count )
	=	-3.718	/	( (3.139	+	2.226)	/ 2 )
	=	-3.718	/	2.6825
	=	-138.60 %

Note: The Net Income data used here is two times the semi-annual (Jun. 2014) 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.

Bullabulling Gold's Asset Turnover for the quarter that ended in Jun. 2014 is

	Asset Turnover
=	Revenue (Q: Jun. 2014 )	/	( (Total Assets (Q: Dec. 2013 )	+	Total Assets (Q: Jun. 2014 ))	/ count )
=	0.041	/	( (3.139	+	2.226)	/ 2 )
=	0.041	/	2.6825
=	0.02

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.

Bullabulling Gold Total Assets Related Terms

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Bullabulling Gold (LSE:BGL) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Bullabulling Gold Ltd (LSE:BGL) » Definitions » Total Assets

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Website

http://www.bullabullinggold.com

Bullabulling Gold Ltd wass incorporated on 15 September 2011 in Australia. The Company is a mining exploration and development company. It is primarily focused on development of the wholly owned Bullabulling Gold Project. Bullabulling is located in the Eastern Goldfields of Western Australia, approximately 60km from Kalgoorlie.

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