Argonaut Gold's Total Assets for the quarter that ended in Dec. 2023 was $1,579.7 Mil.
During the past 12 months, Argonaut Gold's average Total Assets Growth Rate was 24.50% per year.
During the past 3 years, the average Total Assets Growth Rate was 23.50% per year.
During the past 5 years, the average Total Assets Growth Rate was 20.40% per year.
During the past 10 years, the average Total Assets Growth Rate was 7.80% per year.
During the past 13 years, Argonaut Gold's highest 3-Year average Total Assets Growth Rate was 3289.90%. The lowest was -6.10%. And the median was 18.90%.
The historical data trend for Argonaut 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.
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.
Argonaut Gold's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Argonaut Gold (OTCPK:ARNGF) Total Assets Explanation
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.
Argonaut Gold's Asset Turnover for the quarter that ended in Dec. 2023 is
* 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.
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.
Argonaut Gold Total Assets Related Terms
Thank you for viewing the detailed overview of Argonaut Gold's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Argonaut Gold (Argonaut Gold) Business Description
Argonaut Gold Inc is a Canadian gold company engaged in exploration, mine development, and production. Its primary assets are the El Castillo mine and the San Agustin mine, which together form the El Castillo Complex in Durango, Mexico, the La Colorada mine in Sonora, Mexico, and the Florida Canyon mine in Nevada, USA. The company also holds the construction stage Magino project, the exploration stage Cerro del Gallo project, and several other exploration stage projects, all of which are located in North America.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
ARNGF has been successfully added to your 