Pure Gold Mining (TSXV:PGM.H) Total Assets : C$260.63 Mil (As of Sep. 2022)

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What is Pure Gold Mining Total Assets?

Pure Gold Mining's Total Assets for the quarter that ended in Sep. 2022 was C$260.63 Mil.

During the past 12 months, Pure Gold Mining's average Total Assets Growth Rate was -6.80% per year. During the past 3 years, the average Total Assets Growth Rate was 155.40% per year. During the past 5 years, the average Total Assets Growth Rate was 91.30% per year. During the past 10 years, the average Total Assets Growth Rate was 73.00% per year.

During the past 13 years, Pure Gold Mining's highest 3-Year average Total Assets Growth Rate was 719.30%. The lowest was -28.40%. And the median was 109.30%.

Total Assets is connected with ROA %. Pure Gold Mining's annualized ROA % for the quarter that ended in Sep. 2022 was -62.50%. Total Assets is also linked to Revenue through Asset Turnover. Pure Gold Mining's Asset Turnover for the quarter that ended in Sep. 2022 was 0.08.

Pure Gold Mining Total Assets Historical Data

The historical data trend for Pure Gold Mining'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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Pure Gold Mining Total Assets Chart

Pure Gold Mining Annual Data

Trend

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Dec19

Dec20

Dec21

Total Assets

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35.31

24.66

130.58

248.47

295.50

Pure Gold Mining Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Total Assets	Get a 7-Day Free Trial															300.06	295.50	265.93	272.03	260.63

Pure Gold Mining 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.

Pure Gold Mining's Total Assets for the fiscal year that ended in Dec. 2021 is calculated as

Total Assets	=	Total Equity (A: Dec. 2021 )	+	Total Liabilities (A: Dec. 2021 )
	=	70.689	+	224.808
	=	295.50

Pure Gold Mining's Total Assets for the quarter that ended in Sep. 2022 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2022 )	+	Total Liabilities (Q: Sep. 2022 )
	=	28.709	+	231.918
	=	260.63

Pure Gold Mining (TSXV:PGM.H) Total Assets Explanation

Total Assets is connected with ROA %.

Pure Gold Mining's annualized ROA % for the quarter that ended in Sep. 2022 is

ROA %	=	Net Income (Q: Sep. 2022 )	/	( (Total Assets (Q: Jun. 2022 )	+	Total Assets (Q: Sep. 2022 ))	/ count )
	=	-166.452	/	( (272.026	+	260.627)	/ 2 )
	=	-166.452	/	266.3265
	=	-62.50 %

Note: The Net Income data used here is four times the quarterly (Sep. 2022) 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.

Pure Gold Mining's Asset Turnover for the quarter that ended in Sep. 2022 is

	Asset Turnover
=	Revenue (Q: Sep. 2022 )	/	( (Total Assets (Q: Jun. 2022 )	+	Total Assets (Q: Sep. 2022 ))	/ count )
=	20.105	/	( (272.026	+	260.627)	/ 2 )
=	20.105	/	266.3265
=	0.08

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.

Pure Gold Mining Total Assets Related Terms

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Pure Gold Mining (TSXV:PGM.H) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Pure Gold Mining Inc (TSXV:PGM.H) » Definitions » Total Assets

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Address

1055 West Hastings Street, Suite 1900, Vancouver, BC, CAN, V6E 2E9

Website

https://www.puregoldmining.ca

Pure Gold Mining Inc is a gold mining company, located in the heart of Red Lake, Ontario, Canada. Its vision is pure and simple, to build a profitable, multi-generational growth company in the world-class gold mining district of Red Lake. With 100%-owned, fully constructed operating PureGold Mine, a multi-million-ounce gold endowment, and significant exploration upside, the company's value-maximizing strategy is to pursue operational excellence, while investing in systematic exploration and phased expansions to fuel discovery and growth for the future.

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