Optimus Gold (TSXV:OTS.H) Total Assets : C$0.79 Mil (As of Jun. 2024)

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What is Optimus Gold Total Assets?

Optimus Gold's Total Assets for the quarter that ended in Jun. 2024 was C$0.79 Mil.

During the past 12 months, Optimus Gold's average Total Assets Growth Rate was 230.60% per year. During the past 3 years, the average Total Assets Growth Rate was 254.50% per year. During the past 5 years, the average Total Assets Growth Rate was -7.40% per year. During the past 10 years, the average Total Assets Growth Rate was -12.60% per year.

During the past 13 years, Optimus Gold's highest 3-Year average Total Assets Growth Rate was 391.20%. The lowest was -63.80%. And the median was 4.70%.

Total Assets is connected with ROA %. Optimus Gold's annualized ROA % for the quarter that ended in Jun. 2024 was -71.17%. Total Assets is also linked to Revenue through Asset Turnover. Optimus Gold's Asset Turnover for the quarter that ended in Jun. 2024 was 0.00.

Optimus Gold Total Assets Historical Data

The historical data trend for Optimus 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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Optimus Gold Total Assets Chart

Optimus Gold Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Total Assets

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0.56

0.18

0.68

0.28

0.68

Optimus Gold Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Total Assets	Get a 7-Day Free Trial															0.28	0.68	0.68	0.94	0.79

Optimus 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.

Optimus Gold's Total Assets for the fiscal year that ended in Sep. 2023 is calculated as

Total Assets	=	Total Equity (A: Sep. 2023 )	+	Total Liabilities (A: Sep. 2023 )
	=	-3.355	+	4.029
	=	0.67

Optimus 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 )
	=	-3.602	+	4.394
	=	0.79

Optimus Gold (TSXV:OTS.H) Total Assets Explanation

Total Assets is connected with ROA %.

Optimus 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 )
	=	-0.616	/	( (0.939	+	0.792)	/ 2 )
	=	-0.616	/	0.8655
	=	-71.17 %

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.

Optimus 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	/	( (0.939	+	0.792)	/ 2 )
=	0	/	0.8655
=	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.

Optimus Gold Total Assets Related Terms

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Optimus Gold Business Description

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

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Address

889 West Pender Street, Suite 702, Vancouver, BC, CAN, V6C 3B2

Website

Optimus Gold Corp is an exploration-stage company. Principally, it is engaged in the acquisition, exploration, and development of mineral resource properties in Canada. The company holds an interest in the Stump Lake property which comprises over three mineral claims and is located in British Columbia, Canada.

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