Rua Gold (XCNQ:RUA) Total Assets : C$7.33 Mil (As of Dec. 2023)

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What is Rua Gold Total Assets?

Rua Gold's Total Assets for the quarter that ended in Dec. 2023 was C$7.33 Mil.

Total Assets is connected with ROA %. Rua Gold's annualized ROA % for the quarter that ended in Dec. 2023 was -9.82%. Total Assets is also linked to Revenue through Asset Turnover. Rua Gold's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Rua Gold Total Assets Historical Data

The historical data trend for Rua 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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Rua Gold Total Assets Chart

Rua Gold Annual Data

Trend

Total Assets

Rua Gold Quarterly Data
	Dec22	Dec23
Total Assets	-	7.33

Rua 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.

Rua Gold's Total Assets for the fiscal year that ended in . 20 is calculated as

Total Assets	=	Total Equity (A: . 20 )	+	Total Liabilities (A: . 20 )
	=	N/A	+	N/A
	=	N/A

Rua 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 )
	=	7.293	+	0.04
	=	7.33

Rua Gold (XCNQ:RUA) Total Assets Explanation

Total Assets is connected with ROA %.

Rua Gold's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Dec. 2022 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	-0.72	/	( (0	+	7.332)	/ 1 )
	=	-0.72	/	7.332
	=	-9.82 %

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.

Rua Gold's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Dec. 2022 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	0	/	( (0	+	7.332)	/ 1 )
=	0	/	7.332
=	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.

Rua Gold Total Assets Related Terms

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Rua Gold (XCNQ:RUA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Rua Gold Inc (XCNQ:RUA) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

H8E:Germany

Address

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

Website

Rua Gold Inc is a resource exploration company focused on the acquisition, evaluation and exploration of mineral resource properties. Its has only material mineral property is the Reefton Project.

Executives

Zeenat Kaiser Lokhandwala

Senior Officer

Rua Gold (XCNQ:RUA) Headlines

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