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Montage Gold (TSXV:MAU) Total Assets : C$77.70 Mil (As of Mar. 2024)


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What is Montage Gold Total Assets?

Montage Gold's Total Assets for the quarter that ended in Mar. 2024 was C$77.70 Mil.

During the past 12 months, Montage Gold's average Total Assets Growth Rate was -14.70% per year. During the past 3 years, the average Total Assets Growth Rate was 41.70% per year.

During the past 5 years, Montage Gold's highest 3-Year average Total Assets Growth Rate was 51.90%. The lowest was 41.70%. And the median was 46.80%.

Total Assets is connected with ROA %. Montage Gold's annualized ROA % for the quarter that ended in Mar. 2024 was -33.04%. Total Assets is also linked to Revenue through Asset Turnover. Montage Gold's Asset Turnover for the quarter that ended in Mar. 2024 was 0.00.

Montage Gold Total Assets Historical Data

The historical data trend for Montage 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.

* Premium members only.

Montage Gold Total Assets Chart

Montage Gold Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Total Assets
21.94 46.69 23.41 51.97 45.69

Montage Gold Quarterly Data
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 49.82 59.40 54.72 45.69 77.70

Montage 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.

Montage 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 )
=44.345+1.343
=45.69

Montage Gold'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 )
=75.634+2.061
=77.70

* 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.

Montage Gold  (TSXV:MAU) Total Assets Explanation

Total Assets is connected with ROA %.

Montage Gold'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 )
=-20.384/( (45.688+77.695)/ 2 )
=-20.384/61.6915
=-33.04 %

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.

Montage Gold'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/( (45.688+77.695)/ 2 )
=0/61.6915
=0.00

* 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.

Montage Gold Total Assets Related Terms

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Montage Gold (TSXV:MAU) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Montage Gold Corp (TSXV:MAU) » Definitions » Total Assets
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Traded in Other Exchanges
MAUTF:USA
Address
885 West Georgia Street, Suite 2000, Vancouver, BC, CAN, V6C 3E8
Website
https://www.montagegoldcorp.com
Montage Gold Corp is a mineral exploration and development company. It is engaged in the acquisition, exploration and development of mineral properties in Africa. The company's mineral properties are located in Cote d'Ivoire where it owns four permits and nine permit applications. Its projects include the Morondo Gold Project, the Korokaha Gold Project, and the Bobosso Gold Project.
Executives
Kevin John Ross Senior Officer

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