Mayfair Gold (TSXV:MFG) Total Assets : C$24.92 Mil (As of Mar. 2024)

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What is Mayfair Gold Total Assets?

Mayfair Gold's Total Assets for the quarter that ended in Mar. 2024 was C$24.92 Mil.

During the past 12 months, Mayfair Gold's average Total Assets Growth Rate was -0.70% per year. During the past 3 years, the average Total Assets Growth Rate was 1.30% per year.

During the past 5 years, Mayfair Gold's highest 3-Year average Total Assets Growth Rate was 1.30%. The lowest was 1.30%. And the median was 1.30%.

Total Assets is connected with ROA %. Mayfair Gold's annualized ROA % for the quarter that ended in Mar. 2024 was -49.58%. Total Assets is also linked to Revenue through Asset Turnover. Mayfair Gold's Asset Turnover for the quarter that ended in Mar. 2024 was 0.00.

Mayfair Gold Total Assets Historical Data

The historical data trend for Mayfair 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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Mayfair Gold Total Assets Chart

Mayfair Gold Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

16.53

27.37

21.81

28.49

Mayfair Gold Quarterly Data
	Dec19	Mar20	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial												20.61	24.12	20.72	28.49	24.92

Mayfair 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.

Mayfair 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 )
	=	25.947	+	2.546
	=	28.49

Mayfair 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 )
	=	22.88	+	2.04
	=	24.92

Mayfair Gold (TSXV:MFG) Total Assets Explanation

Total Assets is connected with ROA %.

Mayfair 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 )
	=	-13.24	/	( (28.493	+	24.92)	/ 2 )
	=	-13.24	/	26.7065
	=	-49.58 %

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.

Mayfair 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	/	( (28.493	+	24.92)	/ 2 )
=	0	/	26.7065
=	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.

Mayfair Gold Total Assets Related Terms

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Mayfair Gold (TSXV:MFG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Mayfair Gold Corp (TSXV:MFG) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

MFGCF:USA

Address

489 MacDougal Street, Matheson, ON, CAN, P0K 1N0

Website

https://www.mayfairgold.ca

Mayfair Gold Corp is a mineral exploration company that is engaged in the acquisition and exploration of mineral properties. It has one material mineral property, the Fenn-Gib Property, located in the Guibord, Munro, Michaud, and McCool Townships in northeast Ontario, which is in the exploration stage. The Company has one operating segment, which is defined as an exploration and development unit in Canada.

Executives