Eloro Resources (TSX:ELO) Total Assets : C$62.89 Mil (As of Dec. 2023)

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What is Eloro Resources Total Assets?

Eloro Resources's Total Assets for the quarter that ended in Dec. 2023 was C$62.89 Mil.

During the past 12 months, Eloro Resources's average Total Assets Growth Rate was 33.70% per year. During the past 3 years, the average Total Assets Growth Rate was 111.40% per year. During the past 5 years, the average Total Assets Growth Rate was 65.70% per year. During the past 10 years, the average Total Assets Growth Rate was 42.70% per year.

During the past 13 years, Eloro Resources's highest 3-Year average Total Assets Growth Rate was 561.90%. The lowest was -73.60%. And the median was 53.10%.

Total Assets is connected with ROA %. Eloro Resources's annualized ROA % for the quarter that ended in Dec. 2023 was -10.42%. Total Assets is also linked to Revenue through Asset Turnover. Eloro Resources's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Eloro Resources Total Assets Historical Data

The historical data trend for Eloro 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.

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Eloro Resources Total Assets Chart

Eloro Resources Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Total Assets

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5.28

5.30

37.81

37.90

58.49

Eloro Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial															48.40	58.49	57.46	63.05	62.89

Eloro 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.

Eloro Resources's Total Assets for the fiscal year that ended in Mar. 2023 is calculated as

Total Assets	=	Total Equity (A: Mar. 2023 )	+	Total Liabilities (A: Mar. 2023 )
	=	56.618	+	1.875
	=	58.49

Eloro Resources'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 )
	=	60.815	+	2.072
	=	62.89

Eloro Resources (TSX:ELO) Total Assets Explanation

Total Assets is connected with ROA %.

Eloro Resources'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 )
	=	-6.56	/	( (63.051	+	62.888)	/ 2 )
	=	-6.56	/	62.9695
	=	-10.42 %

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.

Eloro Resources'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	/	( (63.051	+	62.888)	/ 2 )
=	0	/	62.9695
=	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.

Eloro Resources Total Assets Related Terms

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Eloro Resources (TSX:ELO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Eloro Resources Ltd (TSX:ELO) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

ELRRF:USA P2QM:Germany

Address

20 Adelaide Street East, Suite 200, Toronto, ON, CAN, M5C 2T6

Website

https://elororesources.com

Eloro Resources Ltd is an exploration and mine development company with a portfolio of gold-silver property in Peru, a polymetallic property in Bolivia, and base metal properties in Quebec. The company has an option to acquire a 99% interest in the Iska Iska Property, located in southern Bolivia, and owns an 82% interest in the La Victoria Gold/Silver Project, located in the North-Central Mineral Belt of Peru. It has one reportable segment being mineral exploration.

Executives

Richard Gerald Stone

Director

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