MNGG (Mining Global) Total Assets: $0.01 Mil (As of Nov. 2023)


What is Mining Global Total Assets?

Mining Global MNGG -99.00% Total Assets is $0.01 Mil as of Nov. 2023.

Mining Global's Total Assets for the quarter that ended in Nov. 2023 was $0.01 Mil.

Total Assets is connected with ROA %. Mining Global's annualized ROA % for the quarter that ended in Nov. 2023 was -1,333.33%. Total Assets is also linked to Revenue through Asset Turnover. Mining Global's Asset Turnover for the quarter that ended in Nov. 2023 was 0.00.

Mining Global  (OTCPK:MNGG) Total Assets Explanation

Total Assets is connected with ROA %.

Mining Global's annualized ROA % for the quarter that ended in Nov. 2023 is

ROA %=Net Income (Q: Nov. 2023 )/( (Total Assets (Q: Aug. 2023 )+Total Assets (Q: Nov. 2023 ))/ count )
=-0.22/( (0.02+0.013)/ 2 )
=-0.22/0.0165
=-1,333.33 %

Note: The Net Income data used here is four times the quarterly (Nov. 2023) 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.

Mining Global's Asset Turnover for the quarter that ended in Nov. 2023 is

Asset Turnover
=Revenue (Q: Nov. 2023 )/( (Total Assets (Q: Aug. 2023 )+Total Assets (Q: Nov. 2023 ))/ count )
=0/( (0.02+0.013)/ 2 )
=0/0.0165
=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.

Mining Global Total Assets Related Terms

Mining Global Total Assets Historical Data

* Premium members only.

The historical data trend for Mining Global'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.

Mining Global Total Assets Chart

Mining Global Annual Data
Trend Aug10 Aug11 Aug12 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22
Total Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.79 0.76 0.75 1.44 0.00

Mining Global Quarterly Data
Feb12 May12 Aug12 Aug16 Aug17 Aug18 Aug19 Aug20 Nov20 Feb21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23
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 1.58 1.60 1.63 0.02 0.01

Mining Global 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.

Mining Global's Total Assets for the fiscal year that ended in Aug. 2022 is calculated as

Total Assets=Total Equity (A: Aug. 2022 )+Total Liabilities (A: Aug. 2022 )
=-0.061+0.061
=0.00

Mining Global's Total Assets for the quarter that ended in Nov. 2023 is calculated as

Total Assets=Total Equity (Q: Nov. 2023 )+Total Liabilities (Q: Nov. 2023 )
=-0.16+0.173
=0.01

* 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 $0.01 Mil mean?
Mining Global (MNGG) has a Total Assets of $0.01 Mil as of Nov. 2023. The total amount of assets as recorded on a company's balance sheet. View historical data on Mining Global and its competitors.
Is Mining Global's Total Assets too high?
Mining Global's current Total Assets is $0.01 Mil.
How does Mining Global's Total Assets compare to STAL and BMXI?
Mining Global's Total Assets of $0.01 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 Mining Global and its competitors. Mining Global's current Total Assets is $0.01 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mining Global stock overvalued right now?
Mining Global (MNGG) has a current Total Assets of $0.01 Mil. The current Total Assets is $0.01 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 Mining Global (MNGG), the current Total Assets is $0.01 Mil as of Nov. 2023. 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.

Mining Global Business Description

Address 500 S Australian Avenue, Suite 600, West Palm Beach, FL, USA, 33401
Mining Global Inc is primarily engaged in the acquisition, exploration, and development of mineral properties. The company focuses on mineral deposits of lead, zinc, copper, silver, gold or uranium capable of commercial extraction.