Erdene Resource Development (TSX:ERD) Total Assets : C$57.82 Mil (As of Mar. 2024)

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What is Erdene Resource Development Total Assets?

Erdene Resource Development's Total Assets for the quarter that ended in Mar. 2024 was C$57.82 Mil.

During the past 12 months, Erdene Resource Development's average Total Assets Growth Rate was 20.00% per year. During the past 3 years, the average Total Assets Growth Rate was 22.20% per year. During the past 5 years, the average Total Assets Growth Rate was 27.90% per year. During the past 10 years, the average Total Assets Growth Rate was 29.00% per year.

During the past 13 years, Erdene Resource Development's highest 3-Year average Total Assets Growth Rate was 262.30%. The lowest was -46.10%. And the median was 24.75%.

Total Assets is connected with ROA %. Erdene Resource Development's annualized ROA % for the quarter that ended in Mar. 2024 was -18.33%. Total Assets is also linked to Revenue through Asset Turnover. Erdene Resource Development's Asset Turnover for the quarter that ended in Mar. 2024 was 0.00.

Erdene Resource Development Total Assets Historical Data

The historical data trend for Erdene Resource Development'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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Erdene Resource Development Total Assets Chart

Erdene Resource Development Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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26.97

42.81

46.54

52.53

59.06

Erdene Resource Development Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															57.40	62.77	94.24	59.06	57.82

Erdene Resource Development 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.

Erdene Resource Development'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 )
	=	58.877	+	0.186
	=	59.06

Erdene Resource Development'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 )
	=	57.503	+	0.317
	=	57.82

Erdene Resource Development (TSX:ERD) Total Assets Explanation

Total Assets is connected with ROA %.

Erdene Resource Development's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	-10.712	/	( (59.063	+	57.82)	/ 2 )
	=	-10.712	/	58.4415
	=	-18.33 %

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.

Erdene Resource Development's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	0	/	( (59.063	+	57.82)	/ 2 )
=	0	/	58.4415
=	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.

Erdene Resource Development Total Assets Related Terms

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Erdene Resource Development (TSX:ERD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Erdene Resource Development Corp (TSX:ERD) » Definitions » Total Assets

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Traded in Other Exchanges

ERDCF:USA

Address

99 Wyse Road, Metropolitan Place, Suite 1480, Dartmouth, NS, CAN, B3A 4S5

Website

https://www.erdene.com

Erdene Resource Development Corp is a Canadian-based resource exploration company. It is primarily engaged in the exploration and development of precious metals and mineral deposits in Mongolia. The company's project consists of Bayan Khundii, Altan Nar, Zuun Mod, and Khuvyn Khar. The Bayan Khundii and Altan Nar project is located within the Tian-Shan copper-gold belt in southwest Mongolia from the Chinese border city of Ceke. The Zuun Mod project is located within 200 kilometres of China's border in Mongolia's Bayankhongor Province. The Khuvyn Khar copper-silver project is located on the Zuun Mod property.

Executives

John Philip Byrne	Director
Peter Akerley	Director, Senior Officer

Erdene Resource Development (TSX:ERD) Headlines

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