Ashley Gold (XCNQ:ASHL) Total Assets : C$0.59 Mil (As of Dec. 2023)

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What is Ashley Gold Total Assets?

Ashley Gold's Total Assets for the quarter that ended in Dec. 2023 was C$0.59 Mil.

During the past 12 months, Ashley Gold's average Total Assets Growth Rate was -22.00% per year. During the past 3 years, the average Total Assets Growth Rate was 42.50% per year.

During the past 4 years, Ashley Gold's highest 3-Year average Total Assets Growth Rate was 42.50%. The lowest was 42.50%. And the median was 42.50%.

Total Assets is connected with ROA %. Ashley Gold's annualized ROA % for the quarter that ended in Dec. 2023 was -226.22%. Total Assets is also linked to Revenue through Asset Turnover. Ashley Gold's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Ashley Gold Total Assets Historical Data

The historical data trend for Ashley 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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Ashley Gold Total Assets Chart

Ashley Gold Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Total Assets

0.20

0.47

0.99

0.59

Ashley Gold Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial								0.99	0.87	0.38	0.43	0.59

Ashley 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.

Ashley 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 )
	=	0.442	+	0.148
	=	0.59

Ashley 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 )
	=	0.442	+	0.148
	=	0.59

Ashley Gold (XCNQ:ASHL) Total Assets Explanation

Total Assets is connected with ROA %.

Ashley 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 )
	=	-1.156	/	( (0.433	+	0.589)	/ 2 )
	=	-1.156	/	0.511
	=	-226.22 %

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.

Ashley 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	/	( (0.433	+	0.589)	/ 2 )
=	0	/	0.511
=	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.

Ashley Gold Total Assets Related Terms

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Ashley Gold (XCNQ:ASHL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ashley Gold Corp (XCNQ:ASHL) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

707 - 7 Avenue SW, Suite 1150, Calgary, AB, CAN, T2P 3H6

Website

https://www.ashleygoldcorp.com

Ashley Gold Corp is engaged in the acquisition and exploration of mineral properties in the natural resource sector with the long-term goal of divesting its investment assets at a profit. The company projects include Tabor Lake Mine, Howie Lake and Alto-Gardnar.

Executives

George Elliott Stephenson

Director, Senior Officer

Ashley Gold (XCNQ:ASHL) Headlines

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