Labrador Gold (TSXV:LAB) Total Assets : C$49.54 Mil (As of Mar. 2024)

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What is Labrador Gold Total Assets?

Labrador Gold's Total Assets for the quarter that ended in Mar. 2024 was C$49.54 Mil.

During the past 12 months, Labrador Gold's average Total Assets Growth Rate was 24.40% per year. During the past 3 years, the average Total Assets Growth Rate was 75.20% per year. During the past 5 years, the average Total Assets Growth Rate was 54.30% per year. During the past 10 years, the average Total Assets Growth Rate was 87.20% per year.

During the past 13 years, Labrador Gold's highest 3-Year average Total Assets Growth Rate was 1214.20%. The lowest was -92.40%. And the median was 73.25%.

Total Assets is connected with ROA %. Labrador Gold's annualized ROA % for the quarter that ended in Mar. 2024 was -1.17%. Total Assets is also linked to Revenue through Asset Turnover. Labrador Gold's Asset Turnover for the quarter that ended in Mar. 2024 was 0.00.

Labrador Gold Total Assets Historical Data

The historical data trend for Labrador Gold'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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Labrador Gold Total Assets Chart

Labrador Gold Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Total Assets

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6.82

13.81

46.40

50.84

50.46

Labrador Gold 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															50.16	50.76	50.46	50.07	49.54

Labrador Gold 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.

Labrador Gold's Total Assets for the fiscal year that ended in Sep. 2023 is calculated as

Total Assets	=	Total Equity (A: Sep. 2023 )	+	Total Liabilities (A: Sep. 2023 )
	=	48.637	+	1.817
	=	50.45

Labrador Gold'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 )
	=	48.486	+	1.058
	=	49.54

Labrador Gold (TSXV:LAB) Total Assets Explanation

Total Assets is connected with ROA %.

Labrador Gold'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 )
	=	-0.584	/	( (50.074	+	49.544)	/ 2 )
	=	-0.584	/	49.809
	=	-1.17 %

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.

Labrador Gold'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	/	( (50.074	+	49.544)	/ 2 )
=	0	/	49.809
=	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.

Labrador Gold Total Assets Related Terms

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Labrador Gold (TSXV:LAB) Business Description

Industry

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

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NKOSF:USA

Address

82 Richmond Street East, Toronto, ON, CAN, M5C 1P1

Website

https://www.labradorgold.com

Labrador Gold Corp is a Canadian-based mineral exploration company. It focuses on the acquisition and exploration of prospective gold projects in the Americas. The company also has mineral rights interests in Ontario, Canada. Its projects include Borden Lake Extension Project, the Hopedale property, and the Kingsway property.

Executives

Roger Moss

Director, Senior Officer