Provenance Gold (Provenance Gold) Total Assets : $2.24 Mil (As of Dec. 2023)

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What is Provenance Gold Total Assets?

Provenance Gold's Total Assets for the quarter that ended in Dec. 2023 was $2.24 Mil.

During the past 12 months, Provenance Gold's average Total Assets Growth Rate was 17.70% per year. During the past 3 years, the average Total Assets Growth Rate was 92.70% per year. During the past 5 years, the average Total Assets Growth Rate was 41.50% per year.

During the past 9 years, Provenance Gold's highest 3-Year average Total Assets Growth Rate was 108.30%. The lowest was -20.00%. And the median was 57.90%.

Total Assets is connected with ROA %. Provenance Gold's annualized ROA % for the quarter that ended in Dec. 2023 was -78.91%. Total Assets is also linked to Revenue through Asset Turnover. Provenance Gold's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Provenance Gold Total Assets Historical Data

The historical data trend for Provenance 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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Provenance Gold Total Assets Chart

Provenance Gold Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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0.21

0.33

2.33

2.00

2.24

Provenance Gold Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial															2.49	2.00	1.91	2.66	2.24

Provenance 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.

Provenance Gold's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	2.144	+	0.09
	=	2.23

Provenance Gold's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	2.144	+	0.09
	=	2.23

Provenance Gold (OTCPK:PVGDF) Total Assets Explanation

Total Assets is connected with ROA %.

Provenance Gold's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	-1.932	/	( (2.662	+	2.235)	/ 2 )
	=	-1.932	/	2.4485
	=	-78.91 %

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

Provenance Gold's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	0	/	( (2.662	+	2.235)	/ 2 )
=	0	/	2.4485
=	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.

Provenance Gold Total Assets Related Terms

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Provenance Gold (Provenance Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Provenance Gold Corp (OTCPK:PVGDF) » Definitions » Total Assets

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PAU:Canada

Address

885 West Georgia Street, Suite 2200, HSBC Building, Vancouver, BC, CAN, V6C 3E8

Website

https://www.provenancegold.com

Provenance Gold Corp is a junior exploration company, that engages in the identification, acquisition, and exploration of mineral interests in Canada. The company explores gold and other precious materials. The company holds an interest in White Rock, Eldorado, Mineral Hill and Silver Bow. It has a single industry segment being the acquisition, exploration and development of mineral properties.

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