Soma Gold (TSXV:SOMA) Total Assets : C$74.10 Mil (As of Dec. 2023)

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What is Soma Gold Total Assets?

Soma Gold's Total Assets for the quarter that ended in Dec. 2023 was C$74.10 Mil.

During the past 12 months, Soma Gold's average Total Assets Growth Rate was 41.80% per year. During the past 3 years, the average Total Assets Growth Rate was 34.10% per year. During the past 5 years, the average Total Assets Growth Rate was 10.20% per year.

During the past 13 years, Soma Gold's highest 3-Year average Total Assets Growth Rate was 289.60%. The lowest was -9.10%. And the median was 34.10%.

Total Assets is connected with ROA %. Soma Gold's annualized ROA % for the quarter that ended in Dec. 2023 was -27.73%. Total Assets is also linked to Revenue through Asset Turnover. Soma Gold's Asset Turnover for the quarter that ended in Dec. 2023 was 0.26.

Soma Gold Total Assets Historical Data

The historical data trend for Soma 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.

* Premium members only.

Soma Gold Total Assets Chart

Soma Gold Annual Data

Trend

Aug14

Aug15

Sep16

Sep17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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36.82

32.39

34.53

51.51

74.10

Soma Gold Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial															51.51	55.54	70.59	77.69	74.10

Soma 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.

Soma 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 )
	=	14.154	+	59.946
	=	74.10

Soma 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 )
	=	14.154	+	59.946
	=	74.10

Soma Gold (TSXV:SOMA) Total Assets Explanation

Total Assets is connected with ROA %.

Soma 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 )
	=	-21.044	/	( (77.688	+	74.099)	/ 2 )
	=	-21.044	/	75.8935
	=	-27.73 %

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.

Soma 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 )
=	19.392	/	( (77.688	+	74.099)	/ 2 )
=	19.392	/	75.8935
=	0.26

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.

Soma Gold Total Assets Related Terms

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Soma Gold (TSXV:SOMA) Business Description

Industry

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

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SMAGF:USA 8PR1:Germany

Address

1050 West Pender Street, Suite 970, Vancouver, BC, CAN, V6E 3S7

Website

https://www.somagoldcorp.com

Soma Gold Corp is engaged in the acquisition, exploration, and development of mineral properties. It operates El Bagre Gold Mining Complex. The El Bagre operations consist of a gold processing plant, the La Ye and Los Mangos operating underground gold mines, and the Cordero mine development project. The Company produces dore which contains both gold and silver. The dore is further processed to produce refined metals.

Executives

Jean-francois Meilleur

Senior Officer

Soma Gold (TSXV:SOMA) Headlines

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