Mining Global (Mining Global) Total Assets : $0.02 Mil (As of Aug. 2023)

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What is Mining Global Total Assets?

Mining Global's Total Assets for the quarter that ended in Aug. 2023 was $0.02 Mil.

During the past 12 months, Mining Global's average Total Assets Growth Rate was -100.00% per year.

During the past 12 years, Mining Global's highest 3-Year average Total Assets Growth Rate was 207.50%. The lowest was 18.20%. And the median was 167.50%.

Total Assets is connected with ROA %. Mining Global's annualized ROA % for the quarter that ended in Aug. 2023 was -175.00%. Total Assets is also linked to Revenue through Asset Turnover. Mining Global's Asset Turnover for the quarter that ended in Aug. 2023 was 0.00.

Mining Global Total Assets Historical Data

The historical data trend for Mining Global'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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Mining Global Total Assets Chart

Mining Global Annual Data

Trend

Aug10

Aug11

Aug12

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Total Assets

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0.79

0.76

0.75

1.44

Mining Global Semi-Annual Data
	Aug08	Aug09	Aug10	Aug11	Aug12	Aug16	Aug17	Aug18	Aug19	Aug20	Aug21	Aug22	Aug23
Total Assets	Get a 7-Day Free Trial								0.76	0.75	1.44	-	0.02

Mining Global 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.

Mining Global's Total Assets for the fiscal year that ended in Aug. 2022 is calculated as

Total Assets	=	Total Equity (A: Aug. 2022 )	+	Total Liabilities (A: Aug. 2022 )
	=	-0.061	+	0.061
	=	0.00

Mining Global's Total Assets for the quarter that ended in Aug. 2023 is calculated as

Total Assets	=	Total Equity (Q: Aug. 2023 )	+	Total Liabilities (Q: Aug. 2023 )
	=	-0.036	+	0.056
	=	0.02

Mining Global (OTCPK:MNGG) Total Assets Explanation

Total Assets is connected with ROA %.

Mining Global's annualized ROA % for the quarter that ended in Aug. 2023 is

ROA %	=	Net Income (Q: Aug. 2023 )	/	( (Total Assets (Q: Aug. 2022 )	+	Total Assets (Q: Aug. 2023 ))	/ count )
	=	-0.035	/	( (0	+	0.02)	/ 1 )
	=	-0.035	/	0.02
	=	-175.00 %

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

Mining Global's Asset Turnover for the quarter that ended in Aug. 2023 is

	Asset Turnover
=	Revenue (Q: Aug. 2023 )	/	( (Total Assets (Q: Aug. 2022 )	+	Total Assets (Q: Aug. 2023 ))	/ count )
=	0	/	( (0	+	0.02)	/ 1 )
=	0	/	0.02
=	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.

Mining Global Total Assets Related Terms

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Mining Global (Mining Global) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Mining Global Inc (OTCPK:MNGG) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

500 S Australian Avenue, Suite 600, West Palm Beach, FL, USA, 33401

Website

https://www.mnggotc.com

Mining Global Inc is primarily engaged in the acquisition, exploration, and development of mineral properties. The company focuses on mineral deposits of lead, zinc, copper, silver, gold or uranium capable of commercial extraction.

Executives

Gregory K Clements	director, officer: Chief Financial Officer	240 MARTIN ST. #3, BLAINE WA 98230
Cedric N Atkinson	director, 10 percent owner, officer: Chief Executive Officer	240 MARTIN ST. #3, BLAINE WA 98230
Oxygen Management Group, Ltd.	10 percent owner	240 MARTIN STREET, SUITE 3, BLAINE WA 98230
Lindsay Edward Gorrill	director	611 E. SHERMAN AVE., COEUR D'ALENE ID 83814
David K Ryan	officer: Vice-President of Finance	P.O. BOX 61605, BROOKSWOOD RPO, LANGLEY A1 V3A 8C8
Jarrett F Bousquet	director, 10 percent owner, officer: President,Secretary&Treasurer	240 MARTIN STREET, #3, BLAINE WA 98230
Shane Epp	officer: Executive Vice President	2154 WEST 45TH AVENUE, VANCOUVER A1 V6M 2J1

Mining Global (Mining Global) Headlines

From GuruFocus

Mining Global (OTC:MNGG) to Merge with Namibia African Lithium Mine

By ACCESSWIRE • 08-08-2023