K2 Gold (STU:23K) Total Assets : €11.46 Mil (As of Dec. 2023)

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What is K2 Gold Total Assets?

K2 Gold's Total Assets for the quarter that ended in Dec. 2023 was €11.46 Mil.

During the past 12 months, K2 Gold's average Total Assets Growth Rate was 30.30% per year. During the past 3 years, the average Total Assets Growth Rate was 27.40% per year. During the past 5 years, the average Total Assets Growth Rate was 43.60% per year. During the past 10 years, the average Total Assets Growth Rate was 49.00% per year.

During the past 13 years, K2 Gold's highest 3-Year average Total Assets Growth Rate was 1012.70%. The lowest was -92.90%. And the median was 43.00%.

Total Assets is connected with ROA %. K2 Gold's annualized ROA % for the quarter that ended in Dec. 2023 was -5.45%. Total Assets is also linked to Revenue through Asset Turnover. K2 Gold's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

K2 Gold Total Assets Historical Data

The historical data trend for K2 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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K2 Gold Total Assets Chart

K2 Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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4.86

9.90

9.77

9.05

11.46

K2 Gold Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial															10.15	9.05	10.99	11.90	11.46

K2 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.

K2 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 )
	=	11.257	+	0.204
	=	11.46

K2 Gold's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	11.257	+	0.204
	=	11.46

K2 Gold (STU:23K) Total Assets Explanation

Total Assets is connected with ROA %.

K2 Gold's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	-0.636	/	( (11.898	+	11.46)	/ 2 )
	=	-0.636	/	11.679
	=	-5.45 %

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

K2 Gold's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	0	/	( (11.898	+	11.46)	/ 2 )
=	0	/	11.679
=	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.

K2 Gold Total Assets Related Terms

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K2 Gold (STU:23K) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » K2 Gold Corp (STU:23K) » Definitions » Total Assets

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KTGDF:USA KTO:Canada

Address

800 West Pender Street, Suite 1020, Vancouver, BC, CAN, V6C 2V6

Website

https://www.k2gold.com

K2 Gold Corp is a well-financed gold exploration company with projects in SW USA and the Yukon. The company is focused on the Mojave property in California, a 5,830-hectare oxide gold project with base metal targets. The location of Mojave enables the company to have year-round news flow on multiple previously recognized surface gold targets. Besides affording immediate drill targets based on the company's soil data integrated with LiDAR and Worldview3 data, the property also has undrilled locations with gold-enriched historical trench results including one at the Flores zone which recorded 8.4 g/t gold over 25.6m. The company has exploration plans for the Si2 and Wels projects, located in Nevada, the USA, and the Yukon Territory, Canada.

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