Gold Springs Resource (TSX:GRC) Total Assets : C$34.92 Mil (As of Mar. 2024)

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What is Gold Springs Resource Total Assets?

Gold Springs Resource's Total Assets for the quarter that ended in Mar. 2024 was C$34.92 Mil.

During the past 12 months, Gold Springs Resource's average Total Assets Growth Rate was 0.60% per year. During the past 3 years, the average Total Assets Growth Rate was 7.80% per year. During the past 5 years, the average Total Assets Growth Rate was -14.40% per year. During the past 10 years, the average Total Assets Growth Rate was -4.00% per year.

During the past 13 years, Gold Springs Resource's highest 3-Year average Total Assets Growth Rate was 83.40%. The lowest was -24.40%. And the median was 29.10%.

Total Assets is connected with ROA %. Gold Springs Resource's annualized ROA % for the quarter that ended in Mar. 2024 was -2.50%. Total Assets is also linked to Revenue through Asset Turnover. Gold Springs Resource's Asset Turnover for the quarter that ended in Mar. 2024 was 0.00.

Gold Springs Resource Total Assets Historical Data

The historical data trend for Gold Springs Resource'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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Gold Springs Resource Total Assets Chart

Gold Springs Resource Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Total Assets

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60.19

32.70

30.38

32.21

35.02

Gold Springs Resource Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Total Assets	Get a 7-Day Free Trial															35.02	35.48	34.14	34.95	34.92

Gold Springs Resource 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.

Gold Springs Resource's Total Assets for the fiscal year that ended in Dec. 2022 is calculated as

Total Assets	=	Total Equity (A: Dec. 2022 )	+	Total Liabilities (A: Dec. 2022 )
	=	33.069	+	1.952
	=	35.02

Gold Springs Resource'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 )
	=	33.924	+	1
	=	34.92

Gold Springs Resource (TSX:GRC) Total Assets Explanation

Total Assets is connected with ROA %.

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

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	-0.872	/	( (34.947	+	34.923)	/ 2 )
	=	-0.872	/	34.935
	=	-2.50 %

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.

Gold Springs Resource's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	0	/	( (34.947	+	34.923)	/ 2 )
=	0	/	34.935
=	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.

Gold Springs Resource Total Assets Related Terms

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Gold Springs Resource (TSX:GRC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Gold Springs Resource Corp (TSX:GRC) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

GRCAF:USA SS7A:Germany

Address

1199 West Hastings Street, Suite 1100, Vancouver, BC, CAN, V6E 3T5

Website

https://www.goldspringsresource.com

Gold Springs Resource Corp is a growth-focused mineral exploration company advancing the district-scale Gold Springs gold project situated in mining-friendly Nevada and Utah. The Company's activities include the acquisition, exploration and development of mineral properties. Its operations are limited to a single industry segment, being mineral exploration and development.

Executives

Horst Daspersgruber

Director, Director or Senior Officer of 10% Security Holder