GSP Resource (GSP Resource) Total Assets : $2.07 Mil (As of Nov. 2023)

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What is GSP Resource Total Assets?

GSP Resource's Total Assets for the quarter that ended in Nov. 2023 was $2.07 Mil.

During the past 12 months, GSP Resource's average Total Assets Growth Rate was 18.70% per year. During the past 3 years, the average Total Assets Growth Rate was 41.80% per year. During the past 5 years, the average Total Assets Growth Rate was 74.80% per year.

During the past 6 years, GSP Resource's highest 3-Year average Total Assets Growth Rate was 118.60%. The lowest was 41.80%. And the median was 74.30%.

Total Assets is connected with ROA %. GSP Resource's annualized ROA % for the quarter that ended in Nov. 2023 was -17.21%. Total Assets is also linked to Revenue through Asset Turnover. GSP Resource's Asset Turnover for the quarter that ended in Nov. 2023 was 0.00.

GSP Resource Total Assets Historical Data

The historical data trend for GSP Resource'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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GSP Resource Total Assets Chart

GSP Resource Annual Data

Trend

May18

May19

May20

May21

May22

May23

Total Assets

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0.68

0.93

1.79

1.82

1.78

GSP Resource Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Total Assets	Get a 7-Day Free Trial															1.67	1.74	1.78	1.88	2.07

GSP Resource 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.

GSP Resource's Total Assets for the fiscal year that ended in May. 2023 is calculated as

Total Assets	=	Total Equity (A: May. 2023 )	+	Total Liabilities (A: May. 2023 )
	=	1.645	+	0.13
	=	1.78

GSP Resource's Total Assets for the quarter that ended in Nov. 2023 is calculated as

Total Assets	=	Total Equity (Q: Nov. 2023 )	+	Total Liabilities (Q: Nov. 2023 )
	=	1.915	+	0.154
	=	2.07

GSP Resource (OTCPK:GSRCF) Total Assets Explanation

Total Assets is connected with ROA %.

GSP Resource's annualized ROA % for the quarter that ended in Nov. 2023 is

ROA %	=	Net Income (Q: Nov. 2023 )	/	( (Total Assets (Q: Aug. 2023 )	+	Total Assets (Q: Nov. 2023 ))	/ count )
	=	-0.34	/	( (1.883	+	2.069)	/ 2 )
	=	-0.34	/	1.976
	=	-17.21 %

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

GSP Resource's Asset Turnover for the quarter that ended in Nov. 2023 is

	Asset Turnover
=	Revenue (Q: Nov. 2023 )	/	( (Total Assets (Q: Aug. 2023 )	+	Total Assets (Q: Nov. 2023 ))	/ count )
=	0	/	( (1.883	+	2.069)	/ 2 )
=	0	/	1.976
=	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.

GSP Resource Total Assets Related Terms

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GSP Resource (GSP Resource) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » GSP Resource Corp (OTCPK:GSRCF) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

0YD:Germany GSPR:Canada

Address

777 Dunsmuir Street, Suite 1610, Vancouver, BC, CAN, V7Y 1K4

Website

https://www.gspresource.com

GSP Resource Corp is a Canada based natural resource company engaged in the acquisition and exploration of mining properties. Its main emphasis is on the exploration of sulphide deposits with gold, platinum and palladium deposits in the Similkameen Mining Division, British Columbia. Its property holding includes Olivine Property.

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