MAGE (Magellan Copper and Gold) Total Assets : $0.10 Mil (As of Dec. 2024)

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What is Magellan Copper and Gold Total Assets?

Magellan Copper and Gold's Total Assets for the quarter that ended in Dec. 2024 was $0.10 Mil.

During the past 3 years, the average Total Assets Growth Rate was -56.40% per year. During the past 5 years, the average Total Assets Growth Rate was -47.70% per year. During the past 10 years, the average Total Assets Growth Rate was -12.00% per year.

During the past 13 years, Magellan Copper and Gold's highest 3-Year average Total Assets Growth Rate was 77.10%. The lowest was -56.40%. And the median was 37.00%.

Total Assets is connected with ROA %. Magellan Copper and Gold's annualized ROA % for the quarter that ended in Dec. 2024 was -623.75%. Total Assets is also linked to Revenue through Asset Turnover. Magellan Copper and Gold's Asset Turnover for the quarter that ended in Dec. 2024 was 0.00.

Magellan Copper and Gold Total Assets Historical Data

The historical data trend for Magellan Copper and 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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Magellan Copper and Gold Total Assets Chart

Magellan Copper and Gold Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Total Assets

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1.12

1.22

0.20

0.10

Magellan Copper and 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															0.10	0.52	0.53	0.54	0.10

Magellan Copper and 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.

Magellan Copper and Gold's Total Assets for the fiscal year that ended in Dec. 2024 is calculated as

Total Assets	=	Total Equity (A: Dec. 2024 )	+	Total Liabilities (A: Dec. 2024 )
	=	-1.882	+	1.983
	=	0.10

Magellan Copper and Gold's Total Assets for the quarter that ended in Dec. 2024 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2024 )	+	Total Liabilities (Q: Dec. 2024 )
	=	-1.882	+	1.983
	=	0.10

Magellan Copper and Gold (OTCPK:MAGE) Total Assets Explanation

Total Assets is connected with ROA %.

Magellan Copper and Gold's annualized ROA % for the quarter that ended in Dec. 2024 is

ROA %	=	Net Income (Q: Dec. 2024 )	/	( (Total Assets (Q: Sep. 2024 )	+	Total Assets (Q: Dec. 2024 ))	/ count )
	=	-1.996	/	( (0.539	+	0.101)	/ 2 )
	=	-1.996	/	0.32
	=	-623.75 %

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

Magellan Copper and Gold's Asset Turnover for the quarter that ended in Dec. 2024 is

	Asset Turnover
=	Revenue (Q: Dec. 2024 )	/	( (Total Assets (Q: Sep. 2024 )	+	Total Assets (Q: Dec. 2024 ))	/ count )
=	0	/	( (0.539	+	0.101)	/ 2 )
=	0	/	0.32
=	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.

Magellan Copper and Gold Total Assets Related Terms

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Magellan Copper and Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Magellan Copper and Gold Corp (OTCPK:MAGE) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

602 Cedar Street, Suite 205, Wallace, ID, USA, 83873

Website

https://www.magellangoldcorp.com

Magellan Copper and Gold Corp is an exploration stage company, and principal business is the acquisition and exploration of mineral projects focus is on properties in the States of Idaho and California. Key Projects of the Company are the Center Star Mine and the Kris Project.

Executives

Frank Pastornia	officer: COO	C/O 500 MARQUETTE AVE., STE. 1200, ALBUQUERQUE NM 87102
John D Gibbs	10 percent owner	16 E STREET SOUTHWEST, ARDMORE OK 73402
Power John C /ca/	director, 10 percent owner, officer: President/Secretary
Dennis Bell	10 percent owner	47 LISLE ST., MT. CLAREMONT C3 6010
Michael Paul Martinez	officer: CFO/Secretary/Treasurer	13612 EMBUDO CT., NE, ALBUQUERQUE NM 87112
W Pierce Carson	officer: President of Gulf & Western In	7239 N EL MIRAGR ROAD, GLENDALE AZ 86307