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Southern Cross Gold Consolidated (LTS:0A9C) Total Assets : C$39.26 Mil (As of Nov. 2024)


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What is Southern Cross Gold Consolidated Total Assets?

Southern Cross Gold Consolidated's Total Assets for the quarter that ended in Nov. 2024 was C$39.26 Mil.

During the past 12 months, Southern Cross Gold Consolidated's average Total Assets Growth Rate was 12.80% per year. During the past 3 years, the average Total Assets Growth Rate was -19.40% per year. During the past 5 years, the average Total Assets Growth Rate was 1.30% per year. During the past 10 years, the average Total Assets Growth Rate was 16.80% per year.

During the past 13 years, Southern Cross Gold Consolidated's highest 3-Year average Total Assets Growth Rate was 255.40%. The lowest was -19.40%. And the median was 20.85%.

Total Assets is connected with ROA %. Southern Cross Gold Consolidated's annualized ROA % for the quarter that ended in Nov. 2024 was -18.04%. Total Assets is also linked to Revenue through Asset Turnover. Southern Cross Gold Consolidated's Asset Turnover for the quarter that ended in Nov. 2024 was 0.00.


Southern Cross Gold Consolidated Total Assets Historical Data

The historical data trend for Southern Cross Gold Consolidated'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.

* Premium members only.

Southern Cross Gold Consolidated Total Assets Chart

Southern Cross Gold Consolidated Annual Data
Trend May15 May16 May17 May18 May19 May20 May21 May22 May23 May24
Total Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 57.43 54.96 66.54 76.22 40.41

Southern Cross Gold Consolidated Quarterly Data
Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 36.55 33.39 40.41 42.08 39.26

Southern Cross Gold Consolidated 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.

Southern Cross Gold Consolidated's Total Assets for the fiscal year that ended in May. 2024 is calculated as

Total Assets=Total Equity (A: May. 2024 )+Total Liabilities (A: May. 2024 )
=38.826+1.584
=40.41

Southern Cross Gold Consolidated's Total Assets for the quarter that ended in Nov. 2024 is calculated as

Total Assets=Total Equity (Q: Nov. 2024 )+Total Liabilities (Q: Nov. 2024 )
=37.031+2.233
=39.26

* 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.


Southern Cross Gold Consolidated  (LTS:0A9C) Total Assets Explanation

Total Assets is connected with ROA %.

Southern Cross Gold Consolidated's annualized ROA % for the quarter that ended in Nov. 2024 is

ROA %=Net Income (Q: Nov. 2024 )/( (Total Assets (Q: Aug. 2024 )+Total Assets (Q: Nov. 2024 ))/ count )
=-7.336/( (42.083+39.263)/ 2 )
=-7.336/40.673
=-18.04 %

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

Southern Cross Gold Consolidated's Asset Turnover for the quarter that ended in Nov. 2024 is

Asset Turnover
=Revenue (Q: Nov. 2024 )/( (Total Assets (Q: Aug. 2024 )+Total Assets (Q: Nov. 2024 ))/ count )
=0/( (42.083+39.263)/ 2 )
=0/40.673
=0.00

* 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.

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.

Southern Cross Gold Consolidated Total Assets Related Terms

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Southern Cross Gold Consolidated Business Description

Traded in Other Exchanges
Address
1090 West Georgia Street, Suite 1305, Vancouver, BC, CAN, V6E 3V7
Southern Cross Gold Consolidated Ltd is a gold exploration company. The projects of the company include Sunday Creek, Redcastle, MT Isa, and others. The Company is also engaged exploring in antimony in the Victorian Goldfields.

Southern Cross Gold Consolidated Headlines

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