Tornado Global Hydrovacs (Tornado Global Hydrovacs) Total Assets : $38.26 Mil (As of Mar. 2024)

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What is Tornado Global Hydrovacs Total Assets?

Tornado Global Hydrovacs's Total Assets for the quarter that ended in Mar. 2024 was $38.26 Mil.

During the past 12 months, Tornado Global Hydrovacs's average Total Assets Growth Rate was 6.30% per year. During the past 3 years, the average Total Assets Growth Rate was 18.60% per year. During the past 5 years, the average Total Assets Growth Rate was 14.50% per year.

During the past 9 years, Tornado Global Hydrovacs's highest 3-Year average Total Assets Growth Rate was 38.10%. The lowest was 2.30%. And the median was 17.30%.

Total Assets is connected with ROA %. Tornado Global Hydrovacs's annualized ROA % for the quarter that ended in Mar. 2024 was 19.53%. Total Assets is also linked to Revenue through Asset Turnover. Tornado Global Hydrovacs's Asset Turnover for the quarter that ended in Mar. 2024 was 0.68.

Tornado Global Hydrovacs Total Assets Historical Data

The historical data trend for Tornado Global Hydrovacs'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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Tornado Global Hydrovacs Total Assets Chart

Tornado Global Hydrovacs Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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18.10

21.57

19.78

29.82

35.18

Tornado Global Hydrovacs Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															32.40	34.45	34.95	35.18	38.26

Tornado Global Hydrovacs 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.

Tornado Global Hydrovacs'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 )
	=	18.144	+	17.039
	=	35.18

Tornado Global Hydrovacs'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 )
	=	19.965	+	18.295
	=	38.26

Tornado Global Hydrovacs (OTCPK:TGHLF) Total Assets Explanation

Total Assets is connected with ROA %.

Tornado Global Hydrovacs'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 )
	=	7.172	/	( (35.183	+	38.26)	/ 2 )
	=	7.172	/	36.7215
	=	19.53 %

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.

Tornado Global Hydrovacs'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 )
=	25.047	/	( (35.183	+	38.26)	/ 2 )
=	25.047	/	36.7215
=	0.68

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.

Tornado Global Hydrovacs Total Assets Related Terms

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Tornado Global Hydrovacs (Tornado Global Hydrovacs) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Tornado Global Hydrovacs Ltd (OTCPK:TGHLF) » Definitions » Total Assets

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TGH:Canada

Address

7015 MacLeod Trail South West, Suite 510, Calgary, AB, CAN, T2H 2K6

Website

https://www.tghl.ca

Tornado Global Hydrovacs Ltd is a truck manufacturer. The company, through its subsidiaries, designs, fabricates, manufactures, and sells hydrovac trucks to excavation service providers in the municipal and oil and gas markets in North America and has expanded into China. It has two geographic operating segments, North American manufacturing and sales operations, and its China operation. The majority of its revenue is derived from the North American manufacturing segment.