Pegmatite One Lithium and Gold (XCNQ:PGA) Total Assets : C$0.55 Mil (As of Feb. 2024)

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What is Pegmatite One Lithium and Gold Total Assets?

Pegmatite One Lithium and Gold's Total Assets for the quarter that ended in Feb. 2024 was C$0.55 Mil.

During the past 12 months, Pegmatite One Lithium and Gold's average Total Assets Growth Rate was -71.10% per year.

Total Assets is connected with ROA %. Pegmatite One Lithium and Gold's annualized ROA % for the quarter that ended in Feb. 2024 was -86.23%. Total Assets is also linked to Revenue through Asset Turnover. Pegmatite One Lithium and Gold's Asset Turnover for the quarter that ended in Feb. 2024 was 0.00.

Pegmatite One Lithium and Gold Total Assets Historical Data

The historical data trend for Pegmatite One Lithium and 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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Pegmatite One Lithium and Gold Total Assets Chart

Pegmatite One Lithium and Gold Annual Data

Trend

Aug21

Aug22

Aug23

Total Assets

0.26

1.73

0.81

Pegmatite One Lithium and Gold Quarterly Data
	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Total Assets	Get a 7-Day Free Trial							1.95	1.89	0.81	0.62	0.55

Pegmatite One Lithium and 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.

Pegmatite One Lithium and Gold's Total Assets for the fiscal year that ended in Aug. 2023 is calculated as

Total Assets	=	Total Equity (A: Aug. 2023 )	+	Total Liabilities (A: Aug. 2023 )
	=	0.53	+	0.28
	=	0.81

Pegmatite One Lithium and Gold's Total Assets for the quarter that ended in Feb. 2024 is calculated as

Total Assets	=	Total Equity (Q: Feb. 2024 )	+	Total Liabilities (Q: Feb. 2024 )
	=	0.287	+	0.261
	=	0.55

Pegmatite One Lithium and Gold (XCNQ:PGA) Total Assets Explanation

Total Assets is connected with ROA %.

Pegmatite One Lithium and Gold's annualized ROA % for the quarter that ended in Feb. 2024 is

ROA %	=	Net Income (Q: Feb. 2024 )	/	( (Total Assets (Q: Nov. 2023 )	+	Total Assets (Q: Feb. 2024 ))	/ count )
	=	-0.504	/	( (0.621	+	0.548)	/ 2 )
	=	-0.504	/	0.5845
	=	-86.23 %

Note: The Net Income data used here is four times the quarterly (Feb. 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.

Pegmatite One Lithium and Gold's Asset Turnover for the quarter that ended in Feb. 2024 is

	Asset Turnover
=	Revenue (Q: Feb. 2024 )	/	( (Total Assets (Q: Nov. 2023 )	+	Total Assets (Q: Feb. 2024 ))	/ count )
=	0	/	( (0.621	+	0.548)	/ 2 )
=	0	/	0.5845
=	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.

Pegmatite One Lithium and Gold Total Assets Related Terms

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Pegmatite One Lithium and Gold (XCNQ:PGA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Pegmatite One Lithium and Gold Corp (XCNQ:PGA) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

789 West Pender Street, Suite 1240, Vancouver, BC, CAN, V6C 1H2

Website

https://www.madiminerals.com

Pegmatite One Lithium and Gold Corp, formerly Madi Minerals Ltd is focused entirely on gold exploration in British Columbia. Its objective is to locate and develop economic precious and base metal properties of merit and to conduct its exploration. The company includes two projects in the there portfolio: the Georgina Project and Morrison River Property.

Pegmatite One Lithium and Gold (XCNQ:PGA) Headlines

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