Golden Harp Resources (TSXV:GHR.H) Total Assets : C$0.03 Mil (As of Mar. 2024)

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What is Golden Harp Resources Total Assets?

Golden Harp Resources's Total Assets for the quarter that ended in Mar. 2024 was C$0.03 Mil.

During the past 12 months, Golden Harp Resources's average Total Assets Growth Rate was 40.00% per year. During the past 3 years, the average Total Assets Growth Rate was -83.90% per year. During the past 5 years, the average Total Assets Growth Rate was -62.40% per year. During the past 10 years, the average Total Assets Growth Rate was -25.30% per year.

During the past 13 years, Golden Harp Resources's highest 3-Year average Total Assets Growth Rate was 63.40%. The lowest was -83.90%. And the median was -5.20%.

Total Assets is connected with ROA %. Golden Harp Resources's annualized ROA % for the quarter that ended in Mar. 2024 was -429.85%. Total Assets is also linked to Revenue through Asset Turnover. Golden Harp Resources's Asset Turnover for the quarter that ended in Mar. 2024 was 0.00.

Golden Harp Resources Total Assets Historical Data

The historical data trend for Golden Harp 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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Golden Harp Resources Total Assets Chart

Golden Harp Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Assets

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0.80

1.49

1.44

0.07

0.03

Golden Harp Resources Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															0.01	0.03	0.02	0.04	0.03

Golden Harp 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.

Golden Harp Resources's Total Assets for the fiscal year that ended in Jun. 2023 is calculated as

Total Assets	=	Total Equity (A: Jun. 2023 )	+	Total Liabilities (A: Jun. 2023 )
	=	-0.303	+	0.331
	=	0.03

Golden Harp Resources'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 )
	=	-0.405	+	0.43
	=	0.03

Golden Harp Resources (TSXV:GHR.H) Total Assets Explanation

Total Assets is connected with ROA %.

Golden Harp Resources's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	-0.144	/	( (0.041	+	0.026)	/ 2 )
	=	-0.144	/	0.0335
	=	-429.85 %

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.

Golden Harp Resources's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	0	/	( (0.041	+	0.026)	/ 2 )
=	0	/	0.0335
=	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 Harp Resources Total Assets Related Terms

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Golden Harp Resources (TSXV:GHR.H) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Golden Harp Resources Inc (TSXV:GHR.H) » Definitions » Total Assets

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GLHRF:USA

Address

777 Hornby Street, Suite 2080, Vancouver, BC, CAN, V6Z 1S4

Website

https://www.goldenharpresources.com

Golden Harp Resources Inc is a Canadian exploration stage company. It is engaged in the acquisition, exploration, and development of Canadian mineral properties. The company focuses on exploring gold and base metals on Copper Hill Property in Northern Ontario. Geographically, it operates within Canada.

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