SGQRF (Southgobi Resources) Total Assets : $429.9 Mil (As of Dec. 2024)

View and export this data going back to 2005. Start your Free Trial

What is Southgobi Resources Total Assets?

Southgobi Resources's Total Assets for the quarter that ended in Dec. 2024 was $429.9 Mil.

During the past 12 months, Southgobi Resources's average Total Assets Growth Rate was 69.20% per year. During the past 3 years, the average Total Assets Growth Rate was 26.90% per year. During the past 5 years, the average Total Assets Growth Rate was 11.40% per year. During the past 10 years, the average Total Assets Growth Rate was -1.90% per year.

During the past 13 years, Southgobi Resources's highest 3-Year average Total Assets Growth Rate was 457.00%. The lowest was -25.40%. And the median was -0.10%.

Total Assets is connected with ROA %. Southgobi Resources's annualized ROA % for the quarter that ended in Dec. 2024 was 72.46%. Total Assets is also linked to Revenue through Asset Turnover. Southgobi Resources's Asset Turnover for the quarter that ended in Dec. 2024 was 0.44.

Southgobi Resources Total Assets Historical Data

The historical data trend for Southgobi Resources'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.

* Premium members only.

Southgobi Resources Total Assets Chart

Southgobi Resources Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Total Assets

Get a 7-Day Free Trial

214.63

206.11

181.36

295.74

429.85

Southgobi Resources 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															295.74	320.24	345.87	368.26	429.85

Southgobi Resources 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.

Southgobi Resources'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 )
	=	-49.843	+	479.696
	=	429.9

Southgobi Resources'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 )
	=	-49.843	+	479.696
	=	429.9

Southgobi Resources (OTCPK:SGQRF) Total Assets Explanation

Total Assets is connected with ROA %.

Southgobi Resources'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 )
	=	289.164	/	( (368.257	+	429.853)	/ 2 )
	=	289.164	/	399.055
	=	72.46 %

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.

Southgobi Resources'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 )
=	174.64	/	( (368.257	+	429.853)	/ 2 )
=	174.64	/	399.055
=	0.44

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.

Southgobi Resources Total Assets Related Terms

Thank you for viewing the detailed overview of Southgobi Resources's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

Southgobi Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Southgobi Resources Ltd (OTCPK:SGQRF) » Definitions » Total Assets

Traded in Other Exchanges

01878:Hong Kong SGQ:Canada

Address

Tower 1, 193 Prince Edward Road. West, Grand Centurey Tower, Units 1208-10, Mongkok, Corporate Department, Kowloon, HKG, V6C 2G8

Website

https://www.southgobi.com

Southgobi Resources Ltd together with its subsidiaries is an integrated coal mining, development, and exploration company. Its reportable operating segment is its Coal Division which is principally engaged in coal mining, development, and exploration in Mongolia and logistics and trading of coal in Mongolia and China. The company also holds the mining and exploration licenses of other metallurgical and thermal coal deposits in the South Gobi Province of Mongolia. The company owns the following operating coal mine and coal projects in Mongolia: the Ovoot Tolgoi Mine, Zag Suuj Project, and the Soumber Project.