Golden Sky Minerals (TSXV:AUEN) Total Assets : C$3.58 Mil (As of Jun. 2024)

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What is Golden Sky Minerals Total Assets?

Golden Sky Minerals's Total Assets for the quarter that ended in Jun. 2024 was C$3.58 Mil.

During the past 12 months, Golden Sky Minerals's average Total Assets Growth Rate was -77.70% per year. During the past 3 years, the average Total Assets Growth Rate was -37.40% per year. During the past 5 years, the average Total Assets Growth Rate was -14.80% per year.

During the past 6 years, Golden Sky Minerals's highest 3-Year average Total Assets Growth Rate was 8.80%. The lowest was -37.40%. And the median was 8.60%.

Total Assets is connected with ROA %. Golden Sky Minerals's annualized ROA % for the quarter that ended in Jun. 2024 was -10.66%. Total Assets is also linked to Revenue through Asset Turnover. Golden Sky Minerals's Asset Turnover for the quarter that ended in Jun. 2024 was 0.00.

Golden Sky Minerals Total Assets Historical Data

The historical data trend for Golden Sky Minerals'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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Golden Sky Minerals Total Assets Chart

Golden Sky Minerals Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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13.13

13.86

16.70

16.21

3.76

Golden Sky Minerals Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Total Assets	Get a 7-Day Free Trial															14.79	14.70	3.76	3.70	3.58

Golden Sky Minerals 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.

Golden Sky Minerals'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 )
	=	3.704	+	0.056
	=	3.76

Golden Sky Minerals's Total Assets for the quarter that ended in Jun. 2024 is calculated as

Total Assets	=	Total Equity (Q: Jun. 2024 )	+	Total Liabilities (Q: Jun. 2024 )
	=	3.511	+	0.069
	=	3.58

Golden Sky Minerals (TSXV:AUEN) Total Assets Explanation

Total Assets is connected with ROA %.

Golden Sky Minerals's annualized ROA % for the quarter that ended in Jun. 2024 is

ROA %	=	Net Income (Q: Jun. 2024 )	/	( (Total Assets (Q: Mar. 2024 )	+	Total Assets (Q: Jun. 2024 ))	/ count )
	=	-0.388	/	( (3.699	+	3.581)	/ 2 )
	=	-0.388	/	3.64
	=	-10.66 %

Note: The Net Income data used here is four times the quarterly (Jun. 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.

Golden Sky Minerals's Asset Turnover for the quarter that ended in Jun. 2024 is

	Asset Turnover
=	Revenue (Q: Jun. 2024 )	/	( (Total Assets (Q: Mar. 2024 )	+	Total Assets (Q: Jun. 2024 ))	/ count )
=	0	/	( (3.699	+	3.581)	/ 2 )
=	0	/	3.64
=	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.

Golden Sky Minerals Total Assets Related Terms

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Golden Sky Minerals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Golden Sky Minerals Corp (TSXV:AUEN) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

LCKYF:USA

Address

2110 - 650 W Georgia Street, Vancouver, BC, CAN, V6B 4N9

Website

https://www.goldenskyminerals.com

Golden Sky Minerals Corp is a junior exploration company. It is focused on the discovery of new precious metal and copper projects through systematic exploration in metal endowed terranes, located in tier one mining jurisdictions. The company's main focus is developing its portfolio of projects to resource stage. The drill ready projects include Hotspot, Bullseye, and Luckystrike, all in the Yukon. In addition, the Rayfield Copper Gold Project in southern British Columbia, and the Eagle Mountain Gold Project in the Cassiar Gold District in northern British Columbia, adds to the company's building a substantial early-stage project pipeline in Canada.

Executives

John Newell

Senior Officer

Golden Sky Minerals Headlines

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