G Mining Ventures (TSX:GMIN) Total Assets : C$830.74 Mil (As of Mar. 2024)

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What is G Mining Ventures Total Assets?

G Mining Ventures's Total Assets for the quarter that ended in Mar. 2024 was C$830.74 Mil.

During the past 12 months, G Mining Ventures's average Total Assets Growth Rate was 125.00% per year. During the past 3 years, the average Total Assets Growth Rate was 1341.00% per year.

During the past 5 years, G Mining Ventures's highest 3-Year average Total Assets Growth Rate was 1341.00%. The lowest was 1109.90%. And the median was 1225.45%.

Total Assets is connected with ROA %. G Mining Ventures's annualized ROA % for the quarter that ended in Mar. 2024 was -3.05%. Total Assets is also linked to Revenue through Asset Turnover. G Mining Ventures's Asset Turnover for the quarter that ended in Mar. 2024 was 0.00.

G Mining Ventures Total Assets Historical Data

The historical data trend for G Mining Ventures'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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G Mining Ventures Total Assets Chart

G Mining Ventures Annual Data

Trend

Oct18

Oct19

Oct20

Dec22

Dec23

Total Assets

0.20

1.02

1.53

348.59

788.47

G Mining Ventures Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															522.18	670.76	749.41	788.47	830.74

G Mining Ventures 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.

G Mining Ventures'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 )
	=	352.892	+	435.572
	=	788.46

G Mining Ventures's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	326.995	+	503.748
	=	830.74

G Mining Ventures (TSX:GMIN) Total Assets Explanation

Total Assets is connected with ROA %.

G Mining Ventures's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	-24.688	/	( (788.465	+	830.742)	/ 2 )
	=	-24.688	/	809.6035
	=	-3.05 %

Note: The Net Income data used here is four times the quarterly (Mar. 2024) 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.

G Mining Ventures's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	0	/	( (788.465	+	830.742)	/ 2 )
=	0	/	809.6035
=	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.

G Mining Ventures Total Assets Related Terms

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G Mining Ventures (TSX:GMIN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » G Mining Ventures Corp (TSX:GMIN) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

GMINF:USA 0WQ0:Germany

Address

7900 Boul. Taschereau, Building D, Suite 210, Brossard, QC, CAN, J4X 1C2

Website

https://www.gminingventures.com

G Mining Ventures Corp is a mineral exploration company engaged in the acquisition, exploration and development of precious metal projects. Its flagship asset, the permitted Tocantinzinho Project, is located in Para State, Brazil. Tocantinzinho is an open-pit gold deposit containing around 2.0 million ounces of reserves at 1.3 g/t. The deposit is open at depth and the underexplored 688km2 land package presents an additional exploration potential. It has one operating segment, the exploration and development of mineral properties.

Executives

Julie-anais Debreil

Senior Officer

G Mining Ventures (TSX:GMIN) Headlines

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