1911 Gold (1911 Gold) Total Assets : $26.51 Mil (As of Dec. 2023)

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What is 1911 Gold Total Assets?

1911 Gold's Total Assets for the quarter that ended in Dec. 2023 was $26.51 Mil.

During the past 12 months, 1911 Gold's average Total Assets Growth Rate was -3.30% per year. During the past 3 years, the average Total Assets Growth Rate was -4.80% per year. During the past 5 years, the average Total Assets Growth Rate was -5.40% per year.

During the past 7 years, 1911 Gold's highest 3-Year average Total Assets Growth Rate was -4.70%. The lowest was -18.20%. And the median was -5.65%.

Total Assets is connected with ROA %. 1911 Gold's annualized ROA % for the quarter that ended in Dec. 2023 was -7.72%. Total Assets is also linked to Revenue through Asset Turnover. 1911 Gold's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

1911 Gold Total Assets Historical Data

The historical data trend for 1911 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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1911 Gold Total Assets Chart

1911 Gold Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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36.74

37.18

35.63

25.15

26.51

1911 Gold 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															25.15	24.47	24.91	24.27	26.51

1911 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.

1911 Gold'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 )
	=	22.752	+	3.756
	=	26.51

1911 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 )
	=	22.752	+	3.756
	=	26.51

1911 Gold (OTCPK:AUMBF) Total Assets Explanation

Total Assets is connected with ROA %.

1911 Gold'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 )
	=	-1.96	/	( (24.274	+	26.508)	/ 2 )
	=	-1.96	/	25.391
	=	-7.72 %

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.

1911 Gold'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 )
=	0	/	( (24.274	+	26.508)	/ 2 )
=	0	/	25.391
=	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.

1911 Gold Total Assets Related Terms

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1911 Gold (1911 Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » 1911 Gold Corp (OTCPK:AUMBF) » Definitions » Total Assets

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AUMB:Canada

Address

400 Burrard Street, Suite 1050, Vancouver, BC, CAN, V6C 3A6

Website

https://www.1911gold.com

1911 Gold Corp is a junior explorer that holds a highly prospective, consolidated land package totalling 55,500 hectares within and adjacent to the Archean Rice Lake greenstone belt in Manitoba, and also owns the True North mine and mill complex at Bissett, Manitoba, where it is reprocessing historic tailings on a seasonal basis. 1911 Gold believes its land package is a prime exploration opportunity, with the potential to develop a mining district centred on the True North complex. The company also owns the Tully and DentonKeefer projects near Timmins, Ontario, and intends to focus on both organic growth opportunities and accretive acquisition opportunities in North America.

1911 Gold (1911 Gold) Headlines

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