Norseman Gold (LSE:NGL) Total Assets : £4.84 Mil (As of Jun. 2014)

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What is Norseman Gold Total Assets?

Norseman Gold's Total Assets for the quarter that ended in Jun. 2014 was £4.84 Mil.

During the past 12 months, Norseman Gold's average Total Assets Growth Rate was 62.50% per year. During the past 3 years, the average Total Assets Growth Rate was -59.80% per year. During the past 5 years, the average Total Assets Growth Rate was -44.50% per year.

During the past 6 years, Norseman Gold's highest 3-Year average Total Assets Growth Rate was 12.20%. The lowest was -64.30%. And the median was -59.80%.

Total Assets is connected with ROA %. Norseman Gold's annualized ROA % for the quarter that ended in Jun. 2014 was -54.84%. Total Assets is also linked to Revenue through Asset Turnover. Norseman Gold's Asset Turnover for the quarter that ended in Jun. 2014 was 1.86.

Norseman Gold Total Assets Historical Data

The historical data trend for Norseman 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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Norseman Gold Total Assets Chart

Norseman Gold Annual Data

Trend

Jun09

Jun10

Jun11

Jun12

Jun13

Jun14

Total Assets

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66.23

81.75

67.46

9.01

4.84

Norseman Gold Semi-Annual Data
	Jun09	Jun10	Jun11	Jun12	Jun13	Jun14
Total Assets	Get a 7-Day Free Trial			66.23	81.75	67.46	9.01	4.84

Norseman 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.

Norseman Gold's Total Assets for the fiscal year that ended in Jun. 2014 is calculated as

Total Assets	=	Total Equity (A: Jun. 2014 )	+	Total Liabilities (A: Jun. 2014 )
	=	-51.673	+	56.511
	=	4.84

Norseman Gold's Total Assets for the quarter that ended in Jun. 2014 is calculated as

Total Assets	=	Total Equity (Q: Jun. 2014 )	+	Total Liabilities (Q: Jun. 2014 )
	=	-51.673	+	56.511
	=	4.84

Norseman Gold (LSE:NGL) Total Assets Explanation

Total Assets is connected with ROA %.

Norseman Gold's annualized ROA % for the quarter that ended in Jun. 2014 is

ROA %	=	Net Income (Q: Jun. 2014 )	/	( (Total Assets (Q: Jun. 2013 )	+	Total Assets (Q: Jun. 2014 ))	/ count )
	=	-3.798	/	( (9.012	+	4.838)	/ 2 )
	=	-3.798	/	6.925
	=	-54.84 %

Note: The Net Income data used here is one times the annual (Jun. 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.

Norseman Gold's Asset Turnover for the quarter that ended in Jun. 2014 is

	Asset Turnover
=	Revenue (Q: Jun. 2014 )	/	( (Total Assets (Q: Jun. 2013 )	+	Total Assets (Q: Jun. 2014 ))	/ count )
=	12.895	/	( (9.012	+	4.838)	/ 2 )
=	12.895	/	6.925
=	1.86

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.

Norseman Gold Total Assets Related Terms

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Norseman Gold (LSE:NGL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Norseman Gold PLC (LSE:NGL) » Definitions » Total Assets

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Address

Website

http://www.norsemangoldplc.com

Norseman Gold PLC is engaged in the production, exploration, evaluation and development of mineral resources. It is involved in the operation of Central Norseman Gold Corporation Ltd (the Norseman Project). The Norseman Project is located adjacent to the Norseman township, approximately 725 kilometres east of Perth, Western Australia. Current operations source ore from the Bullen underground mine and the Harlequin underground mine using underground mining methods of airleg up dip room and pillar stoping and long-hole stoping.