NewOrigin Gold (TSXV:NEWO) Total Assets : C$0.11 Mil (As of Dec. 2023)

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What is NewOrigin Gold Total Assets?

NewOrigin Gold's Total Assets for the quarter that ended in Dec. 2023 was C$0.11 Mil.

During the past 12 months, NewOrigin Gold's average Total Assets Growth Rate was -68.00% per year. During the past 5 years, the average Total Assets Growth Rate was -66.10% per year. During the past 10 years, the average Total Assets Growth Rate was -50.00% per year.

During the past 13 years, NewOrigin Gold's highest 3-Year average Total Assets Growth Rate was 21.40%. The lowest was -83.70%. And the median was -4.70%.

Total Assets is connected with ROA %. NewOrigin Gold's annualized ROA % for the quarter that ended in Dec. 2023 was 303.61%. Total Assets is also linked to Revenue through Asset Turnover. NewOrigin Gold's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

NewOrigin Gold Total Assets Historical Data

The historical data trend for NewOrigin 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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NewOrigin Gold Total Assets Chart

NewOrigin Gold Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Assets

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2.56

0.01

1.88

0.25

0.07

NewOrigin Gold 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															0.21	0.04	0.07	0.06	0.11

NewOrigin 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.

NewOrigin Gold'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 )
	=	-0.189	+	0.262
	=	0.07

NewOrigin Gold'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 )
	=	-0.179	+	0.288
	=	0.11

NewOrigin Gold (TSXV:NEWO) Total Assets Explanation

Total Assets is connected with ROA %.

NewOrigin Gold'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 )
	=	0.252	/	( (0.057	+	0.109)	/ 2 )
	=	0.252	/	0.083
	=	303.61 %

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.

NewOrigin Gold'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	/	( (0.057	+	0.109)	/ 2 )
=	0	/	0.083
=	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.

NewOrigin Gold Total Assets Related Terms

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NewOrigin Gold (TSXV:NEWO) Business Description

Industry

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

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TROIF:USA

Address

110 Yonge Street, Dennis Peterson, Suite 1601, Toronto, ON, CAN, M5C 1T4

Website

https://www.neworigingold.com

NewOrigin Gold Corp's strategy is to stake or acquire early-stage, under-explored precious metals properties in prospective mining camps. The company aims to create shareholder value by leveraging management's broad experience to make new economic gold discoveries on the under-explored properties. It is focused on exploring its flagship Sky Lake Project in the past producing Pickle Lake Mining Camp in northwestern, Ontario. The company's project portfolio includes the North Abitibi Project, South Abitibi Project, the Nipissing Cobalt Property, the Kinebik Gold Project.

Executives

Andrew Thomson	Senior Officer
O3 Mining Inc.	10% Security Holder

NewOrigin Gold (TSXV:NEWO) Headlines

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