Amerigo Resources (TSX:ARG) Total Assets : C$267.7 Mil (As of Dec. 2023)

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What is Amerigo Resources Total Assets?

Amerigo Resources's Total Assets for the quarter that ended in Dec. 2023 was C$267.7 Mil.

During the past 12 months, Amerigo Resources's average Total Assets Growth Rate was -6.40% per year. During the past 3 years, the average Total Assets Growth Rate was -5.80% per year. During the past 5 years, the average Total Assets Growth Rate was -5.80% per year. During the past 10 years, the average Total Assets Growth Rate was 2.60% per year.

During the past 13 years, Amerigo Resources's highest 3-Year average Total Assets Growth Rate was 865.00%. The lowest was -7.20%. And the median was 7.85%.

Total Assets is connected with ROA %. Amerigo Resources's annualized ROA % for the quarter that ended in Dec. 2023 was 7.75%. Total Assets is also linked to Revenue through Asset Turnover. Amerigo Resources's Asset Turnover for the quarter that ended in Dec. 2023 was 0.32.

Amerigo Resources Total Assets Historical Data

The historical data trend for Amerigo Resources'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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Amerigo Resources Total Assets Chart

Amerigo Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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307.71

304.31

344.76

314.06

267.73

Amerigo Resources 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															314.06	317.53	289.77	269.70	267.73

Amerigo Resources 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.

Amerigo Resources'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 )
	=	140.671	+	127.058
	=	267.7

Amerigo Resources'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 )
	=	140.671	+	127.058
	=	267.7

Amerigo Resources (TSX:ARG) Total Assets Explanation

Total Assets is connected with ROA %.

Amerigo Resources'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 )
	=	20.836	/	( (269.701	+	267.728)	/ 2 )
	=	20.836	/	268.7145
	=	7.75 %

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.

Amerigo Resources'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 )
=	87.297	/	( (269.701	+	267.728)	/ 2 )
=	87.297	/	268.7145
=	0.32

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.

Amerigo Resources Total Assets Related Terms

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Amerigo Resources (TSX:ARG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Amerigo Resources Ltd (TSX:ARG) » Definitions » Total Assets

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ARREF:USA RE8:Germany

Address

1021 West Hastings Street, 9th Floor, Vancouver, BC, CAN, V6E 0C3

Website

https://www.amerigoresources.com

Amerigo Resources Ltd is principally engaged in the production of copper and molybdenum concentrates through its operating subsidiary Minera Valle Central S.A. The group operates in one segment, the production of copper concentrates with the production of molybdenum concentrates as a by-product. The company geographically operates in Chile and Canada and earns most of its revenue from Chile.

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