PGXPF (Pelangio Exploration) Total Assets : $0.13 Mil (As of Sep. 2024)

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What is Pelangio Exploration Total Assets?

Pelangio Exploration's Total Assets for the quarter that ended in Sep. 2024 was $0.13 Mil.

During the past 12 months, Pelangio Exploration's average Total Assets Growth Rate was -2.50% per year. During the past 3 years, the average Total Assets Growth Rate was -37.90% per year. During the past 5 years, the average Total Assets Growth Rate was -8.20% per year. During the past 10 years, the average Total Assets Growth Rate was -11.40% per year.

During the past 13 years, Pelangio Exploration's highest 3-Year average Total Assets Growth Rate was 49.00%. The lowest was -87.20%. And the median was -12.05%.

Total Assets is connected with ROA %. Pelangio Exploration's annualized ROA % for the quarter that ended in Sep. 2024 was -414.32%. Total Assets is also linked to Revenue through Asset Turnover. Pelangio Exploration's Asset Turnover for the quarter that ended in Sep. 2024 was 0.00.

Pelangio Exploration Total Assets Historical Data

The historical data trend for Pelangio Exploration'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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Pelangio Exploration Total Assets Chart

Pelangio Exploration Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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0.49

2.01

0.96

0.76

0.37

Pelangio Exploration 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															0.43	0.37	0.26	0.29	0.13

Pelangio Exploration 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.

Pelangio Exploration'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 )
	=	-0.471	+	0.842
	=	0.37

Pelangio Exploration'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 )
	=	-0.608	+	0.74
	=	0.13

Pelangio Exploration (OTCPK:PGXPF) Total Assets Explanation

Total Assets is connected with ROA %.

Pelangio Exploration'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 )
	=	-0.868	/	( (0.286	+	0.133)	/ 2 )
	=	-0.868	/	0.2095
	=	-414.32 %

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.

Pelangio Exploration'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	/	( (0.286	+	0.133)	/ 2 )
=	0	/	0.2095
=	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.

Pelangio Exploration Total Assets Related Terms

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Pelangio Exploration Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Pelangio Exploration Inc (OTCPK:PGXPF) » Definitions » Total Assets

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PX:Canada

Address

82 Richmond Street East, Toronto, ON, CAN, M5C 1P1

Website

https://www.pelangio.com

Pelangio Exploration Inc is a Canadian junior gold exploration company. The principal business of the company is the acquisition, exploration, and development of mineral property interests in Canada and Ghana, Africa. The company focuses on the acquisition and exploration of early-stage and undervalued exploration prospects located in gold belts. It holds an interest in various properties in Ghana such as Manfo property, Dankran property, and Obuasi property. In Canada, the company owns an interest in Birch Lake property and others.