Ranchero Gold (TSXV:RNCH) Total Assets : C$1.15 Mil (As of Dec. 2023)

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What is Ranchero Gold Total Assets?

Ranchero Gold's Total Assets for the quarter that ended in Dec. 2023 was C$1.15 Mil.

During the past 12 months, Ranchero Gold's average Total Assets Growth Rate was 7.00% per year. During the past 3 years, the average Total Assets Growth Rate was 40.90% per year.

During the past 4 years, Ranchero Gold's highest 3-Year average Total Assets Growth Rate was 40.90%. The lowest was 40.90%. And the median was 40.90%.

Total Assets is connected with ROA %. Ranchero Gold's annualized ROA % for the quarter that ended in Dec. 2023 was -283.69%. Total Assets is also linked to Revenue through Asset Turnover. Ranchero Gold's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Ranchero Gold Total Assets Historical Data

The historical data trend for Ranchero 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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Ranchero Gold Total Assets Chart

Ranchero Gold Annual Data

Trend

Jun20

Jun21

Dec22

Dec23

Total Assets

1.38

0.28

0.18

1.15

Ranchero Gold Quarterly Data
	Jun20	Sep20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial								0.18	0.12	0.12	0.15	1.15

Ranchero 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.

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

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	-5.372	+	6.517
	=	1.15

Ranchero 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 )
	=	-5.372	+	6.517
	=	1.15

Ranchero Gold (TSXV:RNCH) Total Assets Explanation

Total Assets is connected with ROA %.

Ranchero 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 )
	=	-1.844	/	( (0.154	+	1.146)	/ 2 )
	=	-1.844	/	0.65
	=	-283.69 %

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.

Ranchero 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	/	( (0.154	+	1.146)	/ 2 )
=	0	/	0.65
=	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.

Ranchero Gold Total Assets Related Terms

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Ranchero Gold (TSXV:RNCH) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

3C2:Germany

Address

800 West Pender Street, c/o Suite 910, Vancouver, BC, CAN, V6C 2V6

Website

https://www.rancherogold.com

Ranchero Gold Corp is engaged in the acquisition and exploration of resources properties. Its Sta. Daniela concessions are located within the heart of the Sierra Madre Occidental gold belt in eastern Sonora, Mexico.

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