Gold Bull Resources (TSXV:GBRC) Total Assets : C$11.59 Mil (As of Sep. 2024)

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What is Gold Bull Resources Total Assets?

Gold Bull Resources's Total Assets for the quarter that ended in Sep. 2024 was C$11.59 Mil.

During the past 12 months, Gold Bull Resources's average Total Assets Growth Rate was -34.60% per year. During the past 3 years, the average Total Assets Growth Rate was -9.30% per year. During the past 5 years, the average Total Assets Growth Rate was 64.40% per year. During the past 10 years, the average Total Assets Growth Rate was 55.10% per year.

During the past 13 years, Gold Bull Resources's highest 3-Year average Total Assets Growth Rate was 197.60%. The lowest was -85.90%. And the median was 93.60%.

Total Assets is connected with ROA %. Gold Bull Resources's annualized ROA % for the quarter that ended in Sep. 2024 was -7.54%. Total Assets is also linked to Revenue through Asset Turnover. Gold Bull Resources's Asset Turnover for the quarter that ended in Sep. 2024 was 0.00.

Gold Bull Resources Total Assets Historical Data

The historical data trend for Gold Bull Resources'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 Bull Resources Total Assets Chart

Gold Bull Resources Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Total Assets

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1.93

16.00

18.86

17.82

11.74

Gold Bull Resources Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Assets	Get a 7-Day Free Trial															17.63	17.33	18.54	11.74	11.59

Gold Bull Resources 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 Bull Resources's Total Assets for the fiscal year that ended in Jun. 2024 is calculated as

Total Assets	=	Total Equity (A: Jun. 2024 )	+	Total Liabilities (A: Jun. 2024 )
	=	11.63	+	0.112
	=	11.74

Gold Bull Resources'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 )
	=	11.41	+	0.176
	=	11.59

Gold Bull Resources (TSXV:GBRC) Total Assets Explanation

Total Assets is connected with ROA %.

Gold Bull Resources'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 )
	=	-0.88	/	( (11.742	+	11.586)	/ 2 )
	=	-0.88	/	11.664
	=	-7.54 %

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.

Gold Bull Resources'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	/	( (11.742	+	11.586)	/ 2 )
=	0	/	11.664
=	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 Bull Resources Total Assets Related Terms

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Gold Bull Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Gold Bull Resources Corp (TSXV:GBRC) » Definitions » Total Assets

Comparable Companies

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GBRCF:USA G3G:Germany G3G:Germany

Address

1030 West Georgia Street, Suite 717, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.goldbull.ca

Gold Bull Resources Corp is a gold focused mineral exploration company. It strives to generate and advance high-reward project acquisitions in regions with mineral wealth. Gold Bull's mission is to grow into a U.S. focused mid-tier gold development company. The company's exploration hub is based in Nevada, USA, a top-tier mineral district that contains historical production, existing mining infrastructure and an established mining culture. The company's objective is to generate stakeholder value and superior investment returns through the discovery and responsible development of mineral resources. Its projects include Sandman Projects, Big Balds Projects, and Bulgarian properties.

Executives

James Yates

Director

Gold Bull Resources Headlines

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