MGXMF (MGX Minerals) Total Assets: $9.22 Mil (As of Apr. 2021)


What is MGX Minerals Total Assets?

MGX Minerals MGXMF -95.00% Total Assets is $9.22 Mil as of Apr. 2021.

MGX Minerals's Total Assets for the quarter that ended in Apr. 2021 was $9.22 Mil.

Total Assets is connected with ROA %. MGX Minerals's annualized ROA % for the quarter that ended in Apr. 2021 was -30.23%. Total Assets is also linked to Revenue through Asset Turnover. MGX Minerals's Asset Turnover for the quarter that ended in Apr. 2021 was 0.00.

MGX Minerals  (OTCPK:MGXMF) Total Assets Explanation

Total Assets is connected with ROA %.

MGX Minerals's annualized ROA % for the quarter that ended in Apr. 2021 is

ROA %=Net Income (Q: Apr. 2021 )/( (Total Assets (Q: Jan. 2021 )+Total Assets (Q: Apr. 2021 ))/ count )
=-2.872/( (9.782+9.218)/ 2 )
=-2.872/9.5
=-30.23 %

Note: The Net Income data used here is four times the quarterly (Apr. 2021) 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.

MGX Minerals's Asset Turnover for the quarter that ended in Apr. 2021 is

Asset Turnover
=Revenue (Q: Apr. 2021 )/( (Total Assets (Q: Jan. 2021 )+Total Assets (Q: Apr. 2021 ))/ count )
=0/( (9.782+9.218)/ 2 )
=0/9.5
=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.

MGX Minerals Total Assets Related Terms

MGX Minerals Total Assets Historical Data

* Premium members only.

The historical data trend for MGX Minerals'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.

MGX Minerals Total Assets Chart

MGX Minerals Annual Data
Trend Jul12 Jul13 Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20
Total Assets
Get a 7-Day Free Trial Premium Member Only 1.18 9.11 28.98 20.40 8.97

MGX Minerals Quarterly Data
Jul16 Oct16 Jan17 Apr17 Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21
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 16.60 8.97 7.92 9.78 9.22

MGX Minerals 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.

MGX Minerals's Total Assets for the fiscal year that ended in Jul. 2020 is calculated as

Total Assets=Total Equity (A: Jul. 2020 )+Total Liabilities (A: Jul. 2020 )
=-3.399+12.369
=8.97

MGX Minerals's Total Assets for the quarter that ended in Apr. 2021 is calculated as

Total Assets=Total Equity (Q: Apr. 2021 )+Total Liabilities (Q: Apr. 2021 )
=-3.214+12.433
=9.22

* 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.

Frequently Asked Questions Learn more about Total Assets →
What does a Total Assets of $9.22 Mil mean?
MGX Minerals (MGXMF) has a Total Assets of $9.22 Mil as of Apr. 2021. The total amount of assets as recorded on a company's balance sheet. View historical data on MGX Minerals and its competitors.
Is MGX Minerals' Total Assets too high?
MGX Minerals' current Total Assets is $9.22 Mil.
How does MGX Minerals' Total Assets compare to competitors?
MGX Minerals' Total Assets of $9.22 Mil can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Assets for a Metals & Mining company?
A good Total Assets depends on the Metals & Mining industry context. However, Total Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Assets mean?
A high Total Assets can signal that a stock is expensive relative to its fundamentals. The total amount of assets as recorded on a company's balance sheet. View historical data on MGX Minerals and its competitors. MGX Minerals's current Total Assets is $9.22 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MGX Minerals stock overvalued right now?
MGX Minerals (MGXMF) has a current Total Assets of $9.22 Mil. The current Total Assets is $9.22 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Assets calculated?
Total Assets is calculated from a company's financial statements. For MGX Minerals (MGXMF), the current Total Assets is $9.22 Mil as of Apr. 2021. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

MGX Minerals Business Description

Address 666 Burrard Street, Suite 500, Vancouver, BC, CAN, V6C 3P6
MGX Minerals Inc is an exploration stage company engaged in the process of exploring its mineral properties in Canada. The company is a developer of lithium, magnesium and silicon projects. Its projects comprise Driftwood Creek project; Fran Gold project; Tillicum Gold project; Canada Lithium project; and Silica Projects.