Nexus Gold (TSXV:NXS) Total Assets : C$1.50 Mil (As of Jul. 2024)

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What is Nexus Gold Total Assets?

Nexus Gold's Total Assets for the quarter that ended in Jul. 2024 was C$1.50 Mil.

During the past 12 months, Nexus Gold's average Total Assets Growth Rate was -3.70% per year. During the past 3 years, the average Total Assets Growth Rate was -32.10% per year. During the past 5 years, the average Total Assets Growth Rate was -15.80% per year. During the past 10 years, the average Total Assets Growth Rate was 43.40% per year.

During the past 13 years, Nexus Gold's highest 3-Year average Total Assets Growth Rate was 566.60%. The lowest was -79.40%. And the median was 27.70%.

Total Assets is connected with ROA %. Nexus Gold's annualized ROA % for the quarter that ended in Jul. 2024 was -12.83%. Total Assets is also linked to Revenue through Asset Turnover. Nexus Gold's Asset Turnover for the quarter that ended in Jul. 2024 was 0.00.

Nexus Gold Total Assets Historical Data

The historical data trend for Nexus 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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Nexus Gold Total Assets Chart

Nexus Gold Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Total Assets

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5.19

7.03

7.39

1.90

1.56

Nexus Gold Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24
Total Assets	Get a 7-Day Free Trial															1.60	1.57	1.56	1.56	1.50

Nexus 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.

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

Total Assets	=	Total Equity (A: Jan. 2024 )	+	Total Liabilities (A: Jan. 2024 )
	=	-0.635	+	2.195
	=	1.56

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

Total Assets	=	Total Equity (Q: Jul. 2024 )	+	Total Liabilities (Q: Jul. 2024 )
	=	-0.648	+	2.147
	=	1.50

Nexus Gold (TSXV:NXS) Total Assets Explanation

Total Assets is connected with ROA %.

Nexus Gold's annualized ROA % for the quarter that ended in Jul. 2024 is

ROA %	=	Net Income (Q: Jul. 2024 )	/	( (Total Assets (Q: Apr. 2024 )	+	Total Assets (Q: Jul. 2024 ))	/ count )
	=	-0.196	/	( (1.556	+	1.499)	/ 2 )
	=	-0.196	/	1.5275
	=	-12.83 %

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

Nexus Gold's Asset Turnover for the quarter that ended in Jul. 2024 is

	Asset Turnover
=	Revenue (Q: Jul. 2024 )	/	( (Total Assets (Q: Apr. 2024 )	+	Total Assets (Q: Jul. 2024 ))	/ count )
=	0	/	( (1.556	+	1.499)	/ 2 )
=	0	/	1.5275
=	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.

Nexus Gold Total Assets Related Terms

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Nexus Gold Business Description

Industry

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

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NXSGF:USA 0A9D:UK GH00:Germany

Address

750 West Pender Street, Suite 802, Vancouver, BC, CAN, V6C 2T8

Website

https://www.nxs.gold

Nexus Gold Corp is a Canadian based company with a portfolio of ten exploration projects in West Africa and Canada. The West African-based portfolio totals five projects located on active gold belts and mineralized trends, while its 100% owned Canadian projects include the flagship McKenzie Gold Project in Red Lake, Ontario. The company is focused on developing several core assets while seeking joint-venture, earn-in, and strategic partnerships for other projects in its growing portfolio.

Executives

Alexander Klenman	Director
Deena Marie Siblock	Senior Officer

Nexus Gold Headlines

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