Norrland Gold (TSXV:NORR) Total Assets : C$0.65 Mil (As of Jun. 2024)

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What is Norrland Gold Total Assets?

Norrland Gold's Total Assets for the quarter that ended in Jun. 2024 was C$0.65 Mil.

During the past 12 months, Norrland Gold's average Total Assets Growth Rate was 0.80% per year. During the past 3 years, the average Total Assets Growth Rate was 139.80% per year.

During the past 4 years, Norrland Gold's highest 3-Year average Total Assets Growth Rate was 139.80%. The lowest was 139.80%. And the median was 139.80%.

Total Assets is connected with ROA %. Norrland Gold's annualized ROA % for the quarter that ended in Jun. 2024 was -9.60%. Total Assets is also linked to Revenue through Asset Turnover. Norrland Gold's Asset Turnover for the quarter that ended in Jun. 2024 was 0.00.

Norrland Gold Total Assets Historical Data

The historical data trend for Norrland 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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Norrland Gold Total Assets Chart

Norrland Gold Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Total Assets

0.03

1.63

1.15

0.76

Norrland Gold Quarterly Data
	May20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Total Assets	Get a 7-Day Free Trial									1.04	0.87	0.86	0.76	0.65

Norrland 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.

Norrland Gold's Total Assets for the fiscal year that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (A: Mar. 2024 )	+	Total Liabilities (A: Mar. 2024 )
	=	0.626	+	0.138
	=	0.76

Norrland Gold's Total Assets for the quarter that ended in Jun. 2024 is calculated as

Total Assets	=	Total Equity (Q: Jun. 2024 )	+	Total Liabilities (Q: Jun. 2024 )
	=	0.609	+	0.044
	=	0.65

Norrland Gold (TSXV:NORR) Total Assets Explanation

Total Assets is connected with ROA %.

Norrland Gold's annualized ROA % for the quarter that ended in Jun. 2024 is

ROA %	=	Net Income (Q: Jun. 2024 )	/	( (Total Assets (Q: Mar. 2024 )	+	Total Assets (Q: Jun. 2024 ))	/ count )
	=	-0.068	/	( (0.764	+	0.652)	/ 2 )
	=	-0.068	/	0.708
	=	-9.60 %

Note: The Net Income data used here is four times the quarterly (Jun. 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.

Norrland Gold's Asset Turnover for the quarter that ended in Jun. 2024 is

	Asset Turnover
=	Revenue (Q: Jun. 2024 )	/	( (Total Assets (Q: Mar. 2024 )	+	Total Assets (Q: Jun. 2024 ))	/ count )
=	0	/	( (0.764	+	0.652)	/ 2 )
=	0	/	0.708
=	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.

Norrland Gold Total Assets Related Terms

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Norrland Gold Business Description

Industry

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

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Traded in Other Exchanges

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Address

1055 West Georgia Street, Suite 2050, P.O. Box 11121, Vancouver, BC, CAN, V6E 3P3

Website

https://www.norrlandgold.com

Norrland Gold Corp is a precious metals exploration company that is focused on gold discovery in mineral-rich Sweden. It owns the Vittantrasket located in the Gold-line, a region of orogenic gold deposits such as Barsele and Svartliden. The Company's exploration and evaluation assets are in Sweden and the Company has interests in an Australian company.

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