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Goldsource Mines (STU:G5MA) Total Assets : €6.99 Mil (As of Mar. 2024)


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What is Goldsource Mines Total Assets?

Goldsource Mines's Total Assets for the quarter that ended in Mar. 2024 was €6.99 Mil.

During the past 12 months, Goldsource Mines's average Total Assets Growth Rate was -3.50% per year. During the past 3 years, the average Total Assets Growth Rate was -7.40% per year. During the past 5 years, the average Total Assets Growth Rate was -7.70% per year. During the past 10 years, the average Total Assets Growth Rate was 17.90% per year.

During the past 13 years, Goldsource Mines's highest 3-Year average Total Assets Growth Rate was 392.00%. The lowest was -84.30%. And the median was -6.35%.

Total Assets is connected with ROA %. Goldsource Mines's annualized ROA % for the quarter that ended in Mar. 2024 was -42.60%. Total Assets is also linked to Revenue through Asset Turnover. Goldsource Mines's Asset Turnover for the quarter that ended in Mar. 2024 was 0.00.


Goldsource Mines Total Assets Historical Data

The historical data trend for Goldsource 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.

* Premium members only.

Goldsource Mines Total Assets Chart

Goldsource Mines Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Total Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.15 9.04 7.66 11.37 7.38

Goldsource Mines Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Mar24
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.38 6.48 7.82 7.17 6.99

Goldsource 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.

Goldsource Mines's Total Assets for the fiscal year that ended in Dec. 2022 is calculated as

Total Assets=Total Equity (A: Dec. 2022 )+Total Liabilities (A: Dec. 2022 )
=6.833+0.542
=7.38

Goldsource Mines's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets=Total Equity (Q: Mar. 2024 )+Total Liabilities (Q: Mar. 2024 )
=4.633+2.356
=6.99

* 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.


Goldsource Mines  (STU:G5MA) Total Assets Explanation

Total Assets is connected with ROA %.

Goldsource Mines's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %=Net Income (Q: Mar. 2024 )/( (Total Assets (Q: Sep. 2023 )+Total Assets (Q: Mar. 2024 ))/ count )
=-3.016/( (7.169+6.99)/ 2 )
=-3.016/7.0795
=-42.60 %

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

Goldsource Mines's Asset Turnover for the quarter that ended in Mar. 2024 is

Asset Turnover
=Revenue (Q: Mar. 2024 )/( (Total Assets (Q: Sep. 2023 )+Total Assets (Q: Mar. 2024 ))/ count )
=0/( (7.169+6.99)/ 2 )
=0/7.0795
=0.00

* 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.

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.

Goldsource Mines Total Assets Related Terms

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Goldsource Mines (STU:G5MA) Business Description

Traded in Other Exchanges
Address
570 Granville Street, Suite 501, Vancouver, BC, CAN, V6C 3P1
Goldsource Mines Inc is a Canadian resource company. It is engaged in the business segment of the acquisition, exploration, and evaluation of resource properties. The geographical segments of the group are Canada and Guyana. It has a business interest in Eagle Mountain Gold Project, located on the Eagle Mountain Property, in Guyana, South America.

Goldsource Mines (STU:G5MA) Headlines

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