Fortuna Silver Mines's Total Assets for the quarter that ended in Mar. 2024 was C$2,636 Mil.
Warning Sign:
If a company builds assets at 27.4% a year, faster than its revenue growth rate of 14% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Fortuna Silver Mines's average Total Assets Growth Rate was -1.20% per year.
During the past 3 years, the average Total Assets Growth Rate was 27.80% per year.
During the past 5 years, the average Total Assets Growth Rate was 27.40% per year.
During the past 10 years, the average Total Assets Growth Rate was 27.70% per year.
During the past 13 years, Fortuna Silver Mines's highest 3-Year average Total Assets Growth Rate was 1567.00%. The lowest was 12.50%. And the median was 29.40%.
The historical data trend for Fortuna Silver 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.
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.
Fortuna Silver Mines's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Fortuna Silver Mines (TSX:FVI) Total Assets Explanation
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.
Fortuna Silver Mines's Asset Turnover for the quarter that ended in Mar. 2024 is
* 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.
Fortuna Silver Mines Total Assets Related Terms
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Fortuna Silver Mines (TSX:FVI) Business Description
Fortuna Silver Mines Inc is engaged in precious and base metal mining and related activities in Argentina, Burkina Faso, Mexico, Peru, and Cote d'Ivoire. The company operates the open pit Lindero gold mine in northern Argentina, the underground Yaramoko mine in southwestern Burkina Faso, the underground San Jose silver and gold mine in southern Mexico, the underground Caylloma silver, lead, and zinc mine in southern Peru, and is developing the open pit Seguela gold mine in southwestern Cote d'Ivoire. The company earns revenue from contracts with customers related to its concentrate and dore sales.
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