GGL Resources (TSXV:GGL) Total Assets : C$5.64 Mil (As of Feb. 2024)

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What is GGL Resources Total Assets?

GGL Resources's Total Assets for the quarter that ended in Feb. 2024 was C$5.64 Mil.

During the past 12 months, GGL Resources's average Total Assets Growth Rate was 22.80% per year. During the past 3 years, the average Total Assets Growth Rate was 24.70% per year. During the past 5 years, the average Total Assets Growth Rate was 18.90% per year. During the past 10 years, the average Total Assets Growth Rate was 7.70% per year.

During the past 13 years, GGL Resources's highest 3-Year average Total Assets Growth Rate was 25.00%. The lowest was -47.10%. And the median was 8.15%.

Total Assets is connected with ROA %. GGL Resources's annualized ROA % for the quarter that ended in Feb. 2024 was -4.66%. Total Assets is also linked to Revenue through Asset Turnover. GGL Resources's Asset Turnover for the quarter that ended in Feb. 2024 was 0.00.

GGL Resources Total Assets Historical Data

The historical data trend for GGL Resources'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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GGL Resources Total Assets Chart

GGL Resources Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Total Assets

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2.41

4.84

4.65

5.41

5.52

GGL Resources Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Total Assets	Get a 7-Day Free Trial															4.82	4.74	5.11	5.52	5.64

GGL Resources 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.

GGL Resources's Total Assets for the fiscal year that ended in Nov. 2023 is calculated as

Total Assets	=	Total Equity (A: Nov. 2023 )	+	Total Liabilities (A: Nov. 2023 )
	=	5.341	+	0.175
	=	5.52

GGL Resources's Total Assets for the quarter that ended in Feb. 2024 is calculated as

Total Assets	=	Total Equity (Q: Feb. 2024 )	+	Total Liabilities (Q: Feb. 2024 )
	=	5.489	+	0.155
	=	5.64

GGL Resources (TSXV:GGL) Total Assets Explanation

Total Assets is connected with ROA %.

GGL Resources's annualized ROA % for the quarter that ended in Feb. 2024 is

ROA %	=	Net Income (Q: Feb. 2024 )	/	( (Total Assets (Q: Nov. 2023 )	+	Total Assets (Q: Feb. 2024 ))	/ count )
	=	-0.26	/	( (5.516	+	5.644)	/ 2 )
	=	-0.26	/	5.58
	=	-4.66 %

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

GGL Resources's Asset Turnover for the quarter that ended in Feb. 2024 is

	Asset Turnover
=	Revenue (Q: Feb. 2024 )	/	( (Total Assets (Q: Nov. 2023 )	+	Total Assets (Q: Feb. 2024 ))	/ count )
=	0	/	( (5.516	+	5.644)	/ 2 )
=	0	/	5.58
=	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.

GGL Resources Total Assets Related Terms

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GGL Resources (TSXV:GGL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » GGL Resources Corp (TSXV:GGL) » Definitions » Total Assets

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GGLXF:USA

Address

1100 Melville Street, Suite 510, Vancouver, BC, CAN, V6E 4A6

Website

https://www.gglresourcescorp.com

GGL Resources Corp is a resource exploration company engaged in the exploration and development of mineral properties. Its mineral property interests consist of exploration-stage mineral properties located in the Northwest Territories, Nunavut, and British Columbia in Canada and in Nevada, USA. The company holds an interest in the properties of Bishop, Gold Point, CH, Rhombus, Stein, Providence Greenstone Belt, and McConnell Creek, among others.

Executives

David Kelsch

Director, Senior Officer

GGL Resources (TSXV:GGL) Headlines

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