Sky Gold (STU:QSG) Total Assets : €0.65 Mil (As of Sep. 2024)

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What is Sky Gold Total Assets?

Sky Gold's Total Assets for the quarter that ended in Sep. 2024 was €0.65 Mil.

During the past 12 months, Sky Gold's average Total Assets Growth Rate was 12.50% per year. During the past 3 years, the average Total Assets Growth Rate was -47.70% per year. During the past 5 years, the average Total Assets Growth Rate was -21.20% per year. During the past 10 years, the average Total Assets Growth Rate was 48.30% per year.

During the past 13 years, Sky Gold's highest 3-Year average Total Assets Growth Rate was 841.40%. The lowest was -67.60%. And the median was 28.90%.

Total Assets is connected with ROA %. Sky Gold's annualized ROA % for the quarter that ended in Sep. 2024 was -66.62%. Total Assets is also linked to Revenue through Asset Turnover. Sky Gold's Asset Turnover for the quarter that ended in Sep. 2024 was 0.00.

Sky Gold Total Assets Historical Data

The historical data trend for Sky 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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Sky Gold Total Assets Chart

Sky Gold Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Total Assets

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1.00

3.90

3.96

0.40

0.70

Sky 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															0.50	0.54	0.53	0.70	0.65

Sky 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.

Sky Gold's Total Assets for the fiscal year that ended in Jun. 2024 is calculated as

Total Assets	=	Total Equity (A: Jun. 2024 )	+	Total Liabilities (A: Jun. 2024 )
	=	0.556	+	0.142
	=	0.70

Sky 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 )
	=	0.496	+	0.15
	=	0.65

Sky Gold (STU:QSG) Total Assets Explanation

Total Assets is connected with ROA %.

Sky 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 )
	=	-0.448	/	( (0.698	+	0.647)	/ 2 )
	=	-0.448	/	0.6725
	=	-66.62 %

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.

Sky 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	/	( (0.698	+	0.647)	/ 2 )
=	0	/	0.6725
=	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.

Sky Gold Total Assets Related Terms

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Sky Gold Business Description

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

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SRKZF:USA SKYG:Canada

Address

789 West Pender Street, Suite 1240, Vancouver, BC, CAN, V6C 1H2

Website

https://www.skygoldcorp.com

Sky Gold Corp is an exploration-stage company operating in Canada. It is engaged in the process of exploring and developing its resource properties. The company's project includes Mustang Property, Virginia Property, Horne, Laurie, Ontario Nikel. Imperial and Clone Gold Property and Evening Star. Geographically, it operates in Canada and the United States. It earns its maximum revenue from Canada.