Gold and GemStone Mining (Gold and GemStone Mining) Total Assets : $0.00 Mil (As of Oct. 2014)

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What is Gold and GemStone Mining Total Assets?

Gold and GemStone Mining's Total Assets for the quarter that ended in Oct. 2014 was $0.00 Mil.

Total Assets is connected with ROA %. Gold and GemStone Mining's annualized ROA % for the quarter that ended in Oct. 2014 was -464.69%. Total Assets is also linked to Revenue through Asset Turnover. Gold and GemStone Mining's Asset Turnover for the quarter that ended in Oct. 2014 was 0.00.

Gold and GemStone Mining Total Assets Historical Data

The historical data trend for Gold and GemStone 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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Gold and GemStone Mining Total Assets Chart

Gold and GemStone Mining Annual Data

Trend

Jan10

Jan11

Jan12

Total Assets

0.01

0.02

Gold and GemStone Mining Quarterly Data
	Jan10	Apr10	Jul10	Oct10	Jan11	Apr11	Jul11	Oct11	Jan12	Apr12	Jul12	Oct12	Jan13	Apr13	Jul13	Oct13	Apr14	Jul14	Oct14
Total Assets	Get a 7-Day Free Trial														0.01	-	-	0.30	-

Gold and GemStone 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.

Gold and GemStone Mining's Total Assets for the fiscal year that ended in Jan. 2012 is calculated as

Total Assets	=	Total Equity (A: Jan. 2012 )	+	Total Liabilities (A: Jan. 2012 )
	=	-0.017	+	0.017
	=	0.00

Gold and GemStone Mining's Total Assets for the quarter that ended in Oct. 2014 is calculated as

Total Assets	=	Total Equity (Q: Oct. 2014 )	+	Total Liabilities (Q: Oct. 2014 )
	=	-0.356	+	0.356
	=	0.00

Gold and GemStone Mining (OTCPK:GGSM) Total Assets Explanation

Total Assets is connected with ROA %.

Gold and GemStone Mining's annualized ROA % for the quarter that ended in Oct. 2014 is

ROA %	=	Net Income (Q: Oct. 2014 )	/	( (Total Assets (Q: Jul. 2014 )	+	Total Assets (Q: Oct. 2014 ))	/ count )
	=	-0.704	/	( (0.302	+	0.001)	/ 2 )
	=	-0.704	/	0.1515
	=	-464.69 %

Note: The Net Income data used here is four times the quarterly (Oct. 2014) 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.

Gold and GemStone Mining's Asset Turnover for the quarter that ended in Oct. 2014 is

	Asset Turnover
=	Revenue (Q: Oct. 2014 )	/	( (Total Assets (Q: Jul. 2014 )	+	Total Assets (Q: Oct. 2014 ))	/ count )
=	0	/	( (0.302	+	0.001)	/ 2 )
=	0	/	0.1515
=	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.

Gold and GemStone Mining Total Assets Related Terms

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Gold and GemStone Mining (Gold and GemStone Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Gold and GemStone Mining Inc (OTCPK:GGSM) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jln. Jend. S. Parman Kav. 22-24, Grand Slipi Tower, Jakarta, IDN, 11480

Website

https://www.ggsmglobal.com

Gold and GemStone Mining Inc is an exploration stage company. It is engaged in the acquisition, exploration, and development of gold and other silver properties. The company's mining claims include British Columbia Canada, Sinaloa, Mexico for gold and rare earth elements. Its project includes Chihuahua and Gringo Viejo project in Mexico. The company is also engaged in the charter boat business in the Mentawai Islands and Beyond.