Montage Gold (TSXV:MAU) Total Assets : C$241.30 Mil (As of Sep. 2024)

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What is Montage Gold Total Assets?

Montage Gold's Total Assets for the quarter that ended in Sep. 2024 was C$241.30 Mil.

During the past 12 months, Montage Gold's average Total Assets Growth Rate was 9.70% per year. During the past 3 years, the average Total Assets Growth Rate was 41.70% per year.

During the past 5 years, Montage Gold's highest 3-Year average Total Assets Growth Rate was 51.90%. The lowest was 41.70%. And the median was 46.80%.

Total Assets is connected with ROA %. Montage Gold's annualized ROA % for the quarter that ended in Sep. 2024 was -38.70%. Total Assets is also linked to Revenue through Asset Turnover. Montage Gold's Asset Turnover for the quarter that ended in Sep. 2024 was 0.00.

Montage Gold Total Assets Historical Data

The historical data trend for Montage 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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Montage Gold Total Assets Chart

Montage Gold Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

21.94

46.69

23.41

51.97

45.69

Montage Gold 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															54.72	45.69	77.70	73.39	241.30

Montage 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.

Montage Gold'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 )
	=	44.345	+	1.343
	=	45.69

Montage Gold'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 )
	=	233.467	+	7.834
	=	241.30

Montage Gold (TSXV:MAU) Total Assets Explanation

Total Assets is connected with ROA %.

Montage Gold'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 )
	=	-60.892	/	( (73.386	+	241.301)	/ 2 )
	=	-60.892	/	157.3435
	=	-38.70 %

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.

Montage Gold'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	/	( (73.386	+	241.301)	/ 2 )
=	0	/	157.3435
=	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.

Montage Gold Total Assets Related Terms

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Montage Gold Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

MAUTF:USA

Address

1055 Dunsmuir Street, Suite 2800 Four Bentall Centre, Vancouver, BC, CAN, V7X 1L2

Website

https://www.montagegoldcorp.com

Montage Gold Corp is a mineral exploration and development company. It is engaged in the acquisition, exploration, and development of mineral properties in Africa. The company's mineral properties are located in Cote d'Ivoire where it owns four permits and nine permit applications. Its projects include the Kone Gold Project, Morondo Gold Project, the Korokaha Gold Project, and the Bobosso Gold Project.

Executives

Constant Tia	Senior Officer
Kevin John Ross	Senior Officer
Adam Spencer	Senior Officer
Richard Peter Clark	Director
Hugh David Stuart	Director, Senior Officer
Peter Mitchell	Director

Montage Gold Headlines

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