General Copper Gold (XCNQ:GGLD) Total Assets : C$2.33 Mil (As of Feb. 2024)

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What is General Copper Gold Total Assets?

General Copper Gold's Total Assets for the quarter that ended in Feb. 2024 was C$2.33 Mil.

During the past 12 months, General Copper Gold's average Total Assets Growth Rate was 4.30% per year. During the past 3 years, the average Total Assets Growth Rate was 161.60% per year.

During the past 4 years, General Copper Gold's highest 3-Year average Total Assets Growth Rate was 161.60%. The lowest was 161.60%. And the median was 161.60%.

Total Assets is connected with ROA %. General Copper Gold's annualized ROA % for the quarter that ended in Feb. 2024 was -11.77%. Total Assets is also linked to Revenue through Asset Turnover. General Copper Gold's Asset Turnover for the quarter that ended in Feb. 2024 was 0.00.

General Copper Gold Total Assets Historical Data

The historical data trend for General Copper 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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General Copper Gold Total Assets Chart

General Copper Gold Annual Data

Trend

Aug20

Aug21

Aug22

Aug23

Total Assets

0.12

1.98

2.52

2.13

General Copper Gold Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Total Assets	Get a 7-Day Free Trial													2.31	2.27	2.13	2.36	2.33

General Copper 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.

General Copper Gold's Total Assets for the fiscal year that ended in Aug. 2023 is calculated as

Total Assets	=	Total Equity (A: Aug. 2023 )	+	Total Liabilities (A: Aug. 2023 )
	=	1.94	+	0.187
	=	2.13

General Copper Gold's Total Assets for the quarter that ended in Feb. 2024 is calculated as

Total Assets	=	Total Equity (Q: Feb. 2024 )	+	Total Liabilities (Q: Feb. 2024 )
	=	2.054	+	0.275
	=	2.33

General Copper Gold (XCNQ:GGLD) Total Assets Explanation

Total Assets is connected with ROA %.

General Copper Gold's annualized ROA % for the quarter that ended in Feb. 2024 is

ROA %	=	Net Income (Q: Feb. 2024 )	/	( (Total Assets (Q: Nov. 2023 )	+	Total Assets (Q: Feb. 2024 ))	/ count )
	=	-0.276	/	( (2.36	+	2.329)	/ 2 )
	=	-0.276	/	2.3445
	=	-11.77 %

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

General Copper Gold's Asset Turnover for the quarter that ended in Feb. 2024 is

	Asset Turnover
=	Revenue (Q: Feb. 2024 )	/	( (Total Assets (Q: Nov. 2023 )	+	Total Assets (Q: Feb. 2024 ))	/ count )
=	0	/	( (2.36	+	2.329)	/ 2 )
=	0	/	2.3445
=	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.

General Copper Gold Total Assets Related Terms

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General Copper Gold (XCNQ:GGLD) Business Description

Industry

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

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Traded in Other Exchanges

GNRGF:USA

Address

1558 West Hastings Street, Vancouver, BC, CAN, V6G3J4

Website

https://www.generalgold.ca

General Copper Gold Corp is an independent mineral exploration company. It is engaged in the business of exploring and evaluating mineral properties. The company is exploring 770 hectares of Clark's Brook gold property in central Newfoundland as well as the 2,313 hectares of Topley Richfield copper-gold property in British Columbia.

General Copper Gold (XCNQ:GGLD) Headlines

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