Sitka Gold (TSXV:SIG) Total Assets : C$30.09 Mil (As of Mar. 2024)

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What is Sitka Gold Total Assets?

Sitka Gold's Total Assets for the quarter that ended in Mar. 2024 was C$30.09 Mil.

During the past 12 months, Sitka Gold's average Total Assets Growth Rate was 40.70% per year. During the past 3 years, the average Total Assets Growth Rate was 76.20% per year. During the past 5 years, the average Total Assets Growth Rate was 93.90% per year.

During the past 8 years, Sitka Gold's highest 3-Year average Total Assets Growth Rate was 132.60%. The lowest was 70.40%. And the median was 91.80%.

Total Assets is connected with ROA %. Sitka Gold's annualized ROA % for the quarter that ended in Mar. 2024 was -12.14%. Total Assets is also linked to Revenue through Asset Turnover. Sitka Gold's Asset Turnover for the quarter that ended in Mar. 2024 was 0.00.

Sitka Gold Total Assets Historical Data

The historical data trend for Sitka 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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Sitka Gold Total Assets Chart

Sitka Gold Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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1.60

4.89

13.41

20.83

30.73

Sitka Gold Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															19.96	19.80	25.24	30.73	30.09

Sitka 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.

Sitka 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 )
	=	26.121	+	4.608
	=	30.73

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

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	26.121	+	3.97
	=	30.09

Sitka Gold (TSXV:SIG) Total Assets Explanation

Total Assets is connected with ROA %.

Sitka Gold's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	-3.692	/	( (30.729	+	30.091)	/ 2 )
	=	-3.692	/	30.41
	=	-12.14 %

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

Sitka Gold's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	0	/	( (30.729	+	30.091)	/ 2 )
=	0	/	30.41
=	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.

Sitka Gold Total Assets Related Terms

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Sitka Gold (TSXV:SIG) Business Description

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

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SITKF:USA 1RF:Germany

Address

409 Granville Street, Suite 1500, Vancouver, BC, CAN, V6C 1T2

Website

https://www.sitkagoldcorp.com

Sitka Gold Corp is engaged in the exploration of mineral resources in Nunavut Canada, Nevada USA and Arizona USA, and Yukon Canada. The company's projects include RC Gold and OGI in Yukon, Burro Creek Gold in Arizona, Alpha Gold in Nevada, and Coppermine River in Nunavut.