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Taiga Motors (TSX:TAIG) Total Assets : C$78.18 Mil (As of Mar. 2024)


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What is Taiga Motors Total Assets?

Taiga Motors's Total Assets for the quarter that ended in Mar. 2024 was C$78.18 Mil.

During the past 12 months, Taiga Motors's average Total Assets Growth Rate was -1.20% per year. During the past 3 years, the average Total Assets Growth Rate was 386.20% per year. During the past 5 years, the average Total Assets Growth Rate was 268.40% per year.

During the past 7 years, Taiga Motors's highest 3-Year average Total Assets Growth Rate was 434.20%. The lowest was 101.60%. And the median was 398.20%.

Total Assets is connected with ROA %. Taiga Motors's annualized ROA % for the quarter that ended in Mar. 2024 was -69.56%. Total Assets is also linked to Revenue through Asset Turnover. Taiga Motors's Asset Turnover for the quarter that ended in Mar. 2024 was 0.06.

Taiga Motors Total Assets Historical Data

The historical data trend for Taiga Motors'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.

* Premium members only.

Taiga Motors Total Assets Chart

Taiga Motors Annual Data
Trend May17 May18 May19 May20 Dec21 Dec22 Dec23
Total Assets
Get a 7-Day Free Trial 0.50 0.91 144.90 94.32 87.23

Taiga Motors Quarterly Data
May18 May19 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 117.08 105.08 93.03 87.23 78.18

Taiga Motors 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.

Taiga Motors'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 )
=-0.812+88.041
=87.23

Taiga Motors'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 )
=-15.008+93.187
=78.18

* 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.

Taiga Motors  (TSX:TAIG) Total Assets Explanation

Total Assets is connected with ROA %.

Taiga Motors'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 )
=-57.528/( (87.228+78.179)/ 2 )
=-57.528/82.7035
=-69.56 %

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.

Taiga Motors'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 )
=5.077/( (87.228+78.179)/ 2 )
=5.077/82.7035
=0.06

* 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.

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.

Taiga Motors Total Assets Related Terms

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Taiga Motors (TSX:TAIG) Business Description

Industry
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Traded in Other Exchanges
TAIMF:USA
Address
2695 Dollard Avenue, LaSalle, Montreal, QC, CAN, H8N 2J8
Website
https://www.taigamotors.com
Taiga Motors Corp is a Canadian company focused on the production and delivery of all-electric vehicles. its activities of research and development, design, and marketing. Its product lineup includes electric snowmobiles and personal watercraft. Its geographic regions are Canada and the United states of America, and the majority of its revenue comes from Canada.

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