Agnico Eagle Mines (Agnico Eagle Mines) Total Assets : $28,685 Mil (As of Dec. 2023)

View and export this data going back to 2000. Start your Free Trial

What is Agnico Eagle Mines Total Assets?

Agnico Eagle Mines's Total Assets for the quarter that ended in Dec. 2023 was $28,685 Mil.

Warning Sign:

If a company builds assets at 32.4% a year, faster than its revenue growth rate of 8.3% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Agnico Eagle Mines's average Total Assets Growth Rate was 22.60% per year. During the past 3 years, the average Total Assets Growth Rate was 47.70% per year. During the past 5 years, the average Total Assets Growth Rate was 32.40% per year. During the past 10 years, the average Total Assets Growth Rate was 17.90% per year.

During the past 13 years, Agnico Eagle Mines's highest 3-Year average Total Assets Growth Rate was 59.10%. The lowest was -4.60%. And the median was 15.00%.

Total Assets is connected with ROA %. Agnico Eagle Mines's annualized ROA % for the quarter that ended in Dec. 2023 was -5.26%. Total Assets is also linked to Revenue through Asset Turnover. Agnico Eagle Mines's Asset Turnover for the quarter that ended in Dec. 2023 was 0.06.

Agnico Eagle Mines Total Assets Historical Data

The historical data trend for Agnico Eagle Mines'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.

Agnico Eagle Mines Total Assets Chart

Agnico Eagle Mines Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

Get a 7-Day Free Trial

8,789.89

9,614.76

10,216.09

23,494.81

28,684.95

Agnico Eagle Mines 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															23,494.81	29,646.42	29,311.65	29,225.68	28,684.95

Agnico Eagle Mines 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.

Agnico Eagle Mines'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 )
	=	19422.915	+	9262.034
	=	28,685

Agnico Eagle Mines'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 )
	=	19422.915	+	9262.034
	=	28,685

Agnico Eagle Mines (NYSE:AEM) Total Assets Explanation

Total Assets is connected with ROA %.

Agnico Eagle Mines'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 )
	=	-1524.044	/	( (29225.681	+	28684.949)	/ 2 )
	=	-1524.044	/	28955.315
	=	-5.26 %

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.

Agnico Eagle Mines'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 )
=	1756.64	/	( (29225.681	+	28684.949)	/ 2 )
=	1756.64	/	28955.315
=	0.06

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.

Agnico Eagle Mines Total Assets Related Terms

Thank you for viewing the detailed overview of Agnico Eagle Mines's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

Agnico Eagle Mines (Agnico Eagle Mines) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Agnico Eagle Mines Ltd (NYSE:AEM) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

AEM:Mexico AE9:Germany AE9:Germany AE9:Germany AEM:Canada AEM:Argentina

Address

145 King Street East, Suite 400, Toronto, ON, CAN, M5C 2Y7

Website

https://www.agnicoeagle.com

Agnico Eagle is a gold miner with mines in Canada, Mexico, Finland, and Australia. Agnico operated just one mine, LaRonde, as recently as 2008 before bringing its other mines online in rapid succession in the following years. It merged with Kirkland Lake Gold in 2022, acquiring the Detour Lake and Macassa mines in Canada along with the high-grade, low-cost Fosterville mine in Australia. It produced more than 3.1 million gold ounces in 2022 and had about 15 years of gold reserves at end 2022. Agnico Eagle is focused on increasing gold production in lower-risk jurisdictions and bought the remaining 50% of its Canadian Malartic mine along with the Wasamac project and other assets from Yamana Gold in 2023.