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LVGLF (Lake Victoria Gold) Total Assets : $5.79 Mil (As of Sep. 2024)


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What is Lake Victoria Gold Total Assets?

Lake Victoria Gold's Total Assets for the quarter that ended in Sep. 2024 was $5.79 Mil.

During the past 12 months, Lake Victoria Gold's average Total Assets Growth Rate was 25.80% per year. During the past 3 years, the average Total Assets Growth Rate was 0.50% per year. During the past 5 years, the average Total Assets Growth Rate was -1.00% per year. During the past 10 years, the average Total Assets Growth Rate was -11.90% per year.

During the past 13 years, Lake Victoria Gold's highest 3-Year average Total Assets Growth Rate was 155.60%. The lowest was -40.80%. And the median was 4.30%.

Total Assets is connected with ROA %. Lake Victoria Gold's annualized ROA % for the quarter that ended in Sep. 2024 was -22.32%. Total Assets is also linked to Revenue through Asset Turnover. Lake Victoria Gold's Asset Turnover for the quarter that ended in Sep. 2024 was 0.00.

Lake Victoria Gold Total Assets Historical Data

The historical data trend for Lake Victoria 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.

* Premium members only.

Lake Victoria Gold Total Assets Chart

Lake Victoria Gold Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.78 5.27 5.93 5.29 5.54

Lake Victoria Gold 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 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 4.56 5.54 5.45 5.50 5.79

Lake Victoria 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.

Lake Victoria 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 )
=4.664+0.877
=5.54

Lake Victoria 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 )
=3.877+1.908
=5.79

* 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.

Lake Victoria Gold  (OTCPK:LVGLF) Total Assets Explanation

Total Assets is connected with ROA %.

Lake Victoria 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 )
=-1.26/( (5.504+5.785)/ 2 )
=-1.26/5.6445
=-22.32 %

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.

Lake Victoria 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/( (5.504+5.785)/ 2 )
=0/5.6445
=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.

Lake Victoria Gold Total Assets Related Terms

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Lake Victoria Gold Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lake Victoria Gold Ltd (OTCPK:LVGLF) » Definitions » Total Assets
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Traded in Other Exchanges
E1K:Germany LVG:Canada
Address
1090 West Georgia Street, Suite 1305, Vancouver, BC, CAN, V6E 3V7
Website
https://www.tembogold.com
Lake Victoria Gold Ltd is a junior mineral exploration company. It is engaged in the acquisition and exploration of mineral properties located in Tanzania. The company focuses on gold exploration and development. Its project includes the Tembo Gold Project located in northwest Tanzania. The Company operates in one reportable segment, the exploration and development of unproven exploration and evaluation assets.