SRCRF (Scorpio Gold) Total Assets : $20.62 Mil (As of Sep. 2024)

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What is Scorpio Gold Total Assets?

Scorpio Gold's Total Assets for the quarter that ended in Sep. 2024 was $20.62 Mil.

During the past 12 months, Scorpio Gold's average Total Assets Growth Rate was 42.40% per year. During the past 3 years, the average Total Assets Growth Rate was 0.60% per year. During the past 5 years, the average Total Assets Growth Rate was -0.60% per year. During the past 10 years, the average Total Assets Growth Rate was -11.30% per year.

During the past 13 years, Scorpio Gold's highest 3-Year average Total Assets Growth Rate was 2163.90%. The lowest was -26.10%. And the median was -5.10%.

Total Assets is connected with ROA %. Scorpio Gold's annualized ROA % for the quarter that ended in Sep. 2024 was 1.76%. Total Assets is also linked to Revenue through Asset Turnover. Scorpio Gold's Asset Turnover for the quarter that ended in Sep. 2024 was 0.00.

Scorpio Gold Total Assets Historical Data

The historical data trend for Scorpio Gold'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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Scorpio Gold Total Assets Chart

Scorpio Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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15.46

18.96

13.79

14.45

14.69

Scorpio Gold 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															14.44	14.69	19.77	19.82	20.62

Scorpio Gold 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.

Scorpio Gold'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 )
	=	2.77	+	11.919
	=	14.69

Scorpio Gold'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 )
	=	9.97	+	10.648
	=	20.62

Scorpio Gold (OTCPK:SRCRF) Total Assets Explanation

Total Assets is connected with ROA %.

Scorpio Gold'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 )
	=	0.356	/	( (19.815	+	20.618)	/ 2 )
	=	0.356	/	20.2165
	=	1.76 %

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.

Scorpio Gold'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	/	( (19.815	+	20.618)	/ 2 )
=	0	/	20.2165
=	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.

Scorpio Gold Total Assets Related Terms

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Scorpio Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Scorpio Gold Corp (OTCPK:SRCRF) » Definitions » Total Assets

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RY9:Germany RY9:Germany SGN:Canada

Address

800 West Pender Street, Suite 910, Vancouver, BC, CAN, V6C 2V6

Website

https://www.scorpiogold.com

Scorpio Gold Corp is a company that is engaged in mineral exploitation, exploration, and development in the United States. It holds an interest in the Mineral Ridge gold project which is located in the northwest of the town of Silver Peak and west of Tonopah in Esmeralda County, Nevada. Its other project includes the Goldwedge property which is located north-northeast of the town of Tonopah within the Manhattan Mining District of south-central Nevada.