PRRVF (Providence Gold Mines) Total Assets : $1.91 Mil (As of Jun. 2024)

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What is Providence Gold Mines Total Assets?

Providence Gold Mines's Total Assets for the quarter that ended in Jun. 2024 was $1.91 Mil.

During the past 12 months, Providence Gold Mines's average Total Assets Growth Rate was -1.90% per year. During the past 3 years, the average Total Assets Growth Rate was 2.50% per year. During the past 5 years, the average Total Assets Growth Rate was 13.40% per year. During the past 10 years, the average Total Assets Growth Rate was 78.70% per year.

During the past 13 years, Providence Gold Mines's highest 3-Year average Total Assets Growth Rate was 919.60%. The lowest was -75.90%. And the median was 17.70%.

Total Assets is connected with ROA %. Providence Gold Mines's annualized ROA % for the quarter that ended in Jun. 2024 was 0.42%. Total Assets is also linked to Revenue through Asset Turnover. Providence Gold Mines's Asset Turnover for the quarter that ended in Jun. 2024 was 0.00.

Providence Gold Mines Total Assets Historical Data

The historical data trend for Providence Gold Mines'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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Providence Gold Mines Total Assets Chart

Providence Gold Mines Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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1.63

2.29

2.10

1.93

1.95

Providence Gold Mines Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Total Assets	Get a 7-Day Free Trial															2.01	2.00	1.95	1.93	1.91

Providence Gold Mines 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.

Providence Gold Mines'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 )
	=	1.875	+	0.073
	=	1.95

Providence Gold Mines's Total Assets for the quarter that ended in Jun. 2024 is calculated as

Total Assets	=	Total Equity (Q: Jun. 2024 )	+	Total Liabilities (Q: Jun. 2024 )
	=	1.831	+	0.078
	=	1.91

Providence Gold Mines (OTCPK:PRRVF) Total Assets Explanation

Total Assets is connected with ROA %.

Providence Gold Mines's annualized ROA % for the quarter that ended in Jun. 2024 is

ROA %	=	Net Income (Q: Jun. 2024 )	/	( (Total Assets (Q: Mar. 2024 )	+	Total Assets (Q: Jun. 2024 ))	/ count )
	=	0.008	/	( (1.933	+	1.91)	/ 2 )
	=	0.008	/	1.9215
	=	0.42 %

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

Providence Gold Mines's Asset Turnover for the quarter that ended in Jun. 2024 is

	Asset Turnover
=	Revenue (Q: Jun. 2024 )	/	( (Total Assets (Q: Mar. 2024 )	+	Total Assets (Q: Jun. 2024 ))	/ count )
=	0	/	( (1.933	+	1.91)	/ 2 )
=	0	/	1.9215
=	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.

Providence Gold Mines Total Assets Related Terms

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Providence Gold Mines Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Providence Gold Mines Inc (OTCPK:PRRVF) » Definitions » Total Assets

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PHD:Canada

Address

Surrey RPO Guildford, P.O. Box 42096, Surrey, BC, CAN, V6C 2T5

Website

https://www.providencegold.com

Providence Gold Mines Inc is engaged in the exploration and evaluation of its gold mineral property located in California. The company holds an interest in Tuolumne properties. Tuolumne Property includes six parcels and thirteen 20-acre mining claims. The company is organized into business units based on exploration and evaluation assets and has one reportable operating segment spread across two geographic locations, being that of Acquisition and exploration and evaluation in Canada and the United States.

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