Generation Mining (TSX:GENM) Total Assets : C$16.27 Mil (As of Mar. 2024)

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What is Generation Mining Total Assets?

Generation Mining's Total Assets for the quarter that ended in Mar. 2024 was C$16.27 Mil.

During the past 12 months, Generation Mining's average Total Assets Growth Rate was -16.80% per year. During the past 3 years, the average Total Assets Growth Rate was 38.10% per year. During the past 5 years, the average Total Assets Growth Rate was 48.30% per year.

During the past 7 years, Generation Mining's highest 3-Year average Total Assets Growth Rate was 62.60%. The lowest was 38.10%. And the median was 38.20%.

Total Assets is connected with ROA %. Generation Mining's annualized ROA % for the quarter that ended in Mar. 2024 was -72.45%. Total Assets is also linked to Revenue through Asset Turnover. Generation Mining's Asset Turnover for the quarter that ended in Mar. 2024 was 0.00.

Generation Mining Total Assets Historical Data

The historical data trend for Generation Mining'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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Generation Mining Total Assets Chart

Generation Mining Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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2.93

15.66

8.17

25.02

20.22

Generation Mining Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															17.26	12.75	9.55	20.22	16.27

Generation Mining 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.

Generation Mining'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 )
	=	-29.389	+	49.612
	=	20.22

Generation Mining's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	-32.528	+	48.798
	=	16.27

Generation Mining (TSX:GENM) Total Assets Explanation

Total Assets is connected with ROA %.

Generation Mining's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	-13.22	/	( (20.223	+	16.27)	/ 2 )
	=	-13.22	/	18.2465
	=	-72.45 %

Note: The Net Income data used here is four times the quarterly (Mar. 2024) 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.

Generation Mining's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	0	/	( (20.223	+	16.27)	/ 2 )
=	0	/	18.2465
=	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.

Generation Mining Total Assets Related Terms

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Generation Mining (TSX:GENM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Generation Mining Ltd (TSX:GENM) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

GENMF:USA 9GN:Germany

Address

100 King Street West, Suite 7010, Toronto, ON, CAN, M5X 1B1

Website

https://www.genmining.com

Gen Mining's focus is the development of its 100%-owned Marathon Project, a large undeveloped palladium-copper deposit in Northwestern Ontario. The Marathon property covers a land package of approximately 22,000 hectares, or 220 square kilometres. The mine would produce an estimated 245,000 palladium equivalent ounces per year over 13-year mine life.

Executives

Jamie Levy

Director