Westward Gold (Westward Gold) Total Assets : $6.26 Mil (As of Dec. 2023)

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What is Westward Gold Total Assets?

Westward Gold's Total Assets for the quarter that ended in Dec. 2023 was $6.26 Mil.

During the past 12 months, Westward Gold's average Total Assets Growth Rate was 16.10% per year. During the past 3 years, the average Total Assets Growth Rate was 339.50% per year. During the past 5 years, the average Total Assets Growth Rate was 221.00% per year.

During the past 6 years, Westward Gold's highest 3-Year average Total Assets Growth Rate was 358.30%. The lowest was 46.00%. And the median was 339.50%.

Total Assets is connected with ROA %. Westward Gold's annualized ROA % for the quarter that ended in Dec. 2023 was -24.54%. Total Assets is also linked to Revenue through Asset Turnover. Westward Gold's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Westward Gold Total Assets Historical Data

The historical data trend for Westward 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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Westward Gold Total Assets Chart

Westward Gold Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Total Assets

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0.19

0.24

1.03

6.10

5.95

Westward Gold Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial															5.58	5.70	5.95	6.33	6.26

Westward 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.

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

Total Assets	=	Total Equity (A: Mar. 2023 )	+	Total Liabilities (A: Mar. 2023 )
	=	5.786	+	0.16
	=	5.95

Westward 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 )
	=	6.112	+	0.149
	=	6.26

Westward Gold (OTCPK:WGLIF) Total Assets Explanation

Total Assets is connected with ROA %.

Westward 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 )
	=	-1.544	/	( (6.325	+	6.261)	/ 2 )
	=	-1.544	/	6.293
	=	-24.54 %

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.

Westward 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	/	( (6.325	+	6.261)	/ 2 )
=	0	/	6.293
=	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.

Westward Gold Total Assets Related Terms

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Westward Gold (Westward Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Westward Gold Inc (OTCPK:WGLIF) » Definitions » Total Assets

Comparable Companies

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IM50:Germany WG:Canada

Address

1055 West Georgia Street, Suite 1500, Vancouver, BC, CAN, V6E 4N7

Website

https://www.westwardgold.com

Westward Gold Inc is a mineral exploration company focused on developing the Toiyabe and Turquoise Canyon Projects located in the Cortez Hills area of Lander County, Nevada. It is also advancing the Mulloy Project in Northern Ontario.

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