Faircourt Goldome (TSX:FGX) Total Assets : C$9.18 Mil (As of Dec. 2023)

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What is Faircourt Goldome Total Assets?

Faircourt Goldome's Total Assets for the quarter that ended in Dec. 2023 was C$9.18 Mil.

During the past 12 months, Faircourt Goldome's average Total Assets Growth Rate was 50.00% per year. During the past 3 years, the average Total Assets Growth Rate was 9.50% per year. During the past 5 years, the average Total Assets Growth Rate was -21.10% per year. During the past 10 years, the average Total Assets Growth Rate was -10.70% per year.

During the past 13 years, Faircourt Goldome's highest 3-Year average Total Assets Growth Rate was 47.00%. The lowest was -92.30%. And the median was -20.60%.

Total Assets is connected with ROA %. Faircourt Goldome's annualized ROA % for the quarter that ended in Dec. 2023 was -6.58%. Total Assets is also linked to Revenue through Asset Turnover. Faircourt Goldome's Asset Turnover for the quarter that ended in Dec. 2023 was 0.03.

Faircourt Goldome Total Assets Historical Data

The historical data trend for Faircourt Goldome'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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Faircourt Goldome Total Assets Chart

Faircourt Goldome Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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17.50

19.27

14.13

11.13

9.18

Faircourt Goldome Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial															14.13	11.08	11.13	10.08	9.18

Faircourt Goldome 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.

Faircourt Goldome'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 )
	=	7.507	+	1.668
	=	9.18

Faircourt Goldome'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 )
	=	7.507	+	1.668
	=	9.18

Faircourt Goldome (TSX:FGX) Total Assets Explanation

Total Assets is connected with ROA %.

Faircourt Goldome's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	-0.634	/	( (10.08	+	9.176)	/ 2 )
	=	-0.634	/	9.628
	=	-6.58 %

Note: The Net Income data used here is two times the semi-annual (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.

Faircourt Goldome's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	0.31	/	( (10.08	+	9.176)	/ 2 )
=	0.31	/	9.628
=	0.03

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.

Faircourt Goldome Total Assets Related Terms

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Faircourt Goldome (TSX:FGX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Faircourt Gold Income Corp (TSX:FGX) » Definitions » Total Assets

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Address

120 Adelaide Street West, Suite 2107, Toronto, ON, CAN, M5H 1T1

Website

https://www.faircourtassetmgt.com

Faircourt Gold Income Corp is a closed-end investment fund/investment trust. The company's investment objective is to provide shareholders with monthly distributions and the opportunity for capital appreciation. It provides investors with exposure to the various companies involved in gold exploration, mining or production, while also providing a tax-efficient yield in the form of monthly distributions. Geographically the group operates throughout the region of Canada.

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