Gander Gold (XCNQ:GAND) Total Assets : C$2.28 Mil (As of Dec. 2024)

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What is Gander Gold Total Assets?

Gander Gold's Total Assets for the quarter that ended in Dec. 2024 was C$2.28 Mil.

During the past 12 months, Gander Gold's average Total Assets Growth Rate was -80.30% per year. During the past 3 years, the average Total Assets Growth Rate was -13.40% per year.

During the past 4 years, Gander Gold's highest 3-Year average Total Assets Growth Rate was -13.40%. The lowest was -13.40%. And the median was -13.40%.

Total Assets is connected with ROA %. Gander Gold's annualized ROA % for the quarter that ended in Dec. 2024 was -55.81%. Total Assets is also linked to Revenue through Asset Turnover. Gander Gold's Asset Turnover for the quarter that ended in Dec. 2024 was 0.00.

Gander Gold Total Assets Historical Data

The historical data trend for Gander 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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Gander Gold Total Assets Chart

Gander Gold Annual Data

Trend

Jun21

Jun22

Jun23

Jun24

Total Assets

7.87

9.93

11.93

2.27

Gander Gold Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Total Assets	Get a 7-Day Free Trial									11.58	11.62	2.27	2.26	2.28

Gander 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.

Gander Gold's Total Assets for the fiscal year that ended in Jun. 2024 is calculated as

Total Assets	=	Total Equity (A: Jun. 2024 )	+	Total Liabilities (A: Jun. 2024 )
	=	1.317	+	0.951
	=	2.27

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

Total Assets	=	Total Equity (Q: Dec. 2024 )	+	Total Liabilities (Q: Dec. 2024 )
	=	0.968	+	1.314
	=	2.28

Gander Gold (XCNQ:GAND) Total Assets Explanation

Total Assets is connected with ROA %.

Gander Gold's annualized ROA % for the quarter that ended in Dec. 2024 is

ROA %	=	Net Income (Q: Dec. 2024 )	/	( (Total Assets (Q: Sep. 2024 )	+	Total Assets (Q: Dec. 2024 ))	/ count )
	=	-1.268	/	( (2.263	+	2.281)	/ 2 )
	=	-1.268	/	2.272
	=	-55.81 %

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

Gander Gold's Asset Turnover for the quarter that ended in Dec. 2024 is

	Asset Turnover
=	Revenue (Q: Dec. 2024 )	/	( (Total Assets (Q: Sep. 2024 )	+	Total Assets (Q: Dec. 2024 ))	/ count )
=	0	/	( (2.263	+	2.281)	/ 2 )
=	0	/	2.272
=	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.

Gander Gold Total Assets Related Terms

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Gander Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Gander Gold Corp (XCNQ:GAND) » Definitions » Total Assets

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GANDF:USA

Address

1681 Chestnut Street, Suite 400, Vancouver, BC, CAN, V6J 4M6

Website

https://www.gandergold.com

Gander Gold Corp is an exploration stage resource company engaged in the identification, acquisition, and exploration of precious and base metals projects in Canada. Its focus is the prospective ground in the Central Newfoundland Gold Belt, on Canada's Atlantic coast. The company's projects in Newfoundland include Gander North, Mt. Peyton, Cape Ray II, BLT, Carmanville Gander South, Hermitage, and Little River.

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