Kore Mining (TSXV:KORE) Total Assets : C$2.13 Mil (As of Dec. 2023)

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What is Kore Mining Total Assets?

Kore Mining's Total Assets for the quarter that ended in Dec. 2023 was C$2.13 Mil.

During the past 12 months, Kore Mining's average Total Assets Growth Rate was -18.20% per year. During the past 3 years, the average Total Assets Growth Rate was -15.40% per year. During the past 5 years, the average Total Assets Growth Rate was 2.40% per year. During the past 10 years, the average Total Assets Growth Rate was 63.40% per year.

During the past 13 years, Kore Mining's highest 3-Year average Total Assets Growth Rate was 457.70%. The lowest was -61.40%. And the median was 4.95%.

Total Assets is connected with ROA %. Kore Mining's annualized ROA % for the quarter that ended in Dec. 2023 was -27.21%. Total Assets is also linked to Revenue through Asset Turnover. Kore Mining's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Kore Mining Total Assets Historical Data

The historical data trend for Kore Mining'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.

* Premium members only.

Kore Mining Total Assets Chart

Kore Mining Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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4.87

8.39

6.22

3.32

2.13

Kore Mining Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial															3.32	2.98	2.41	2.28	2.13

Kore Mining 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.

Kore Mining'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 )
	=	1.289	+	0.841
	=	2.13

Kore Mining's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	1.289	+	0.841
	=	2.13

Kore Mining (TSXV:KORE) Total Assets Explanation

Total Assets is connected with ROA %.

Kore Mining's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	-0.6	/	( (2.279	+	2.131)	/ 2 )
	=	-0.6	/	2.205
	=	-27.21 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) 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.

Kore Mining's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	0	/	( (2.279	+	2.131)	/ 2 )
=	0	/	2.205
=	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.

Kore Mining Total Assets Related Terms

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Kore Mining (TSXV:KORE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Kore Mining Ltd (TSXV:KORE) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

KOREF:USA EUSA:Germany

Address

1055 West Hastings Street, Suite 960, Vancouver, BC, CAN, V6B 0B8

Website

https://www.koremining.com

Kore Mining Ltd is an exploration and development stage company. It is engaged in the acquisition, exploration, and development of exploration and evaluation properties in the United States and Canada. The company owns interests in the Imperial and Long Valley gold development projects, located in California, USA, as well as projects in British Columbia, Canada.

Executives

James Warwick Hynes

Director, Senior Officer