Nevada King Gold (TSXV:NKG) Total Assets : C$33.14 Mil (As of Dec. 2023)

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What is Nevada King Gold Total Assets?

Nevada King Gold's Total Assets for the quarter that ended in Dec. 2023 was C$33.14 Mil.

During the past 12 months, Nevada King Gold's average Total Assets Growth Rate was -57.40% per year. During the past 3 years, the average Total Assets Growth Rate was 56.60% per year.

During the past 13 years, Nevada King Gold's highest 3-Year average Total Assets Growth Rate was 1382.80%. The lowest was -92.10%. And the median was 16.50%.

Total Assets is connected with ROA %. Nevada King Gold's annualized ROA % for the quarter that ended in Dec. 2023 was -82.21%. Total Assets is also linked to Revenue through Asset Turnover. Nevada King Gold's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Nevada King Gold Total Assets Historical Data

The historical data trend for Nevada King 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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Nevada King Gold Total Assets Chart

Nevada King Gold Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Total Assets

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7.92

9.40

21.55

70.66

37.66

Nevada King Gold Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial															89.68	88.25	37.66	40.97	33.14

Nevada King 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.

Nevada King Gold's Total Assets for the fiscal year that ended in Mar. 2023 is calculated as

Total Assets	=	Total Equity (A: Mar. 2023 )	+	Total Liabilities (A: Mar. 2023 )
	=	36.389	+	1.275
	=	37.66

Nevada King 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 )
	=	32.412	+	0.727
	=	33.14

Nevada King Gold (TSXV:NKG) Total Assets Explanation

Total Assets is connected with ROA %.

Nevada King 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 )
	=	-30.464	/	( (40.971	+	33.139)	/ 2 )
	=	-30.464	/	37.055
	=	-82.21 %

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.

Nevada King 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	/	( (40.971	+	33.139)	/ 2 )
=	0	/	37.055
=	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.

Nevada King Gold Total Assets Related Terms

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Nevada King Gold (TSXV:NKG) Business Description

Industry

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

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Traded in Other Exchanges

NKGFF:USA

Address

1600 - 595 Burrard Street, Vancouver, BC, CAN, V7X 1L4

Website

https://www.nevadaking.ca

Nevada King Gold Corp is a mineral exploration company engaged in the acquisition, exploration and evaluation of resource properties in Nevada. The company's project portfolio includes Atlanta, Lewis, Horse Mtn. mill creek, iron and other seven projects.

Executives

Michael A Parker

10% Security Holder