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Electrum Discovery (TSXV:ELY) Total Assets : C$3.84 Mil (As of Sep. 2024)


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What is Electrum Discovery Total Assets?

Electrum Discovery's Total Assets for the quarter that ended in Sep. 2024 was C$3.84 Mil.

Total Assets is connected with ROA %. Electrum Discovery's annualized ROA % for the quarter that ended in Sep. 2024 was -31.99%. Total Assets is also linked to Revenue through Asset Turnover. Electrum Discovery's Asset Turnover for the quarter that ended in Sep. 2024 was 0.00.

Electrum Discovery Total Assets Historical Data

The historical data trend for Electrum Discovery'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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Electrum Discovery Total Assets Chart

Electrum Discovery Annual Data
Trend Dec22 Dec23
Total Assets
0.25 0.34

Electrum Discovery Quarterly Data
Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Total Assets Get a 7-Day Free Trial - 0.34 4.10 3.59 3.84

Electrum Discovery 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.

Electrum Discovery'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 )
=-0.502+0.842
=0.34

Electrum Discovery's Total Assets for the quarter that ended in Sep. 2024 is calculated as

Total Assets=Total Equity (Q: Sep. 2024 )+Total Liabilities (Q: Sep. 2024 )
=2.573+1.268
=3.84

* 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.

Electrum Discovery  (TSXV:ELY) Total Assets Explanation

Total Assets is connected with ROA %.

Electrum Discovery's annualized ROA % for the quarter that ended in Sep. 2024 is

ROA %=Net Income (Q: Sep. 2024 )/( (Total Assets (Q: Jun. 2024 )+Total Assets (Q: Sep. 2024 ))/ count )
=-1.188/( (3.588+3.84)/ 2 )
=-1.188/3.714
=-31.99 %

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

Electrum Discovery's Asset Turnover for the quarter that ended in Sep. 2024 is

Asset Turnover
=Revenue (Q: Sep. 2024 )/( (Total Assets (Q: Jun. 2024 )+Total Assets (Q: Sep. 2024 ))/ count )
=0/( (3.588+3.84)/ 2 )
=0/3.714
=0.00

* 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.

Electrum Discovery Total Assets Related Terms

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Electrum Discovery Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Electrum Discovery Corp (TSXV:ELY) » Definitions » Total Assets
Comparable Companies
Traded in Other Exchanges
ELDCF:USA R8N:Germany
Address
200 Burrard Street, Suite 650, Vancouver, BC, CAN, V6C 3L6
Website
https://www.medgoldresources.com
Electrum Discovery Corp is a Canadian-based mineral exploration and development company focused on the Western Tethyan Belt with activities in the Republic of Serbia. The current focus of the company is its copper-gold Timok East Project and Novo Tlamino Project.
Executives
Ralph Rushton Director

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