Thor Explorations (TSXV:THX) Total Assets : C$347.6 Mil (As of Dec. 2023)

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What is Thor Explorations Total Assets?

Thor Explorations's Total Assets for the quarter that ended in Dec. 2023 was C$347.6 Mil.

During the past 12 months, Thor Explorations's average Total Assets Growth Rate was 8.30% per year. During the past 3 years, the average Total Assets Growth Rate was 43.60% per year. During the past 5 years, the average Total Assets Growth Rate was 60.60% per year. During the past 10 years, the average Total Assets Growth Rate was 45.00% per year.

During the past 13 years, Thor Explorations's highest 3-Year average Total Assets Growth Rate was 610.60%. The lowest was -37.90%. And the median was 39.50%.

Total Assets is connected with ROA %. Thor Explorations's annualized ROA % for the quarter that ended in Dec. 2023 was -5.83%. Total Assets is also linked to Revenue through Asset Turnover. Thor Explorations's Asset Turnover for the quarter that ended in Dec. 2023 was 0.09.

Thor Explorations Total Assets Historical Data

The historical data trend for Thor Explorations'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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Thor Explorations Total Assets Chart

Thor Explorations Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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54.15

142.14

270.65

320.40

347.63

Thor Explorations Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial															320.40	304.90	304.70	320.81	347.63

Thor Explorations 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.

Thor Explorations'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 )
	=	150.521	+	197.107
	=	347.6

Thor Explorations'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 )
	=	150.521	+	197.107
	=	347.6

Thor Explorations (TSXV:THX) Total Assets Explanation

Total Assets is connected with ROA %.

Thor Explorations'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 )
	=	-19.492	/	( (320.809	+	347.627)	/ 2 )
	=	-19.492	/	334.218
	=	-5.83 %

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.

Thor Explorations'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 )
=	30.854	/	( (320.809	+	347.627)	/ 2 )
=	30.854	/	334.218
=	0.09

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.

Thor Explorations Total Assets Related Terms

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Thor Explorations (TSXV:THX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Thor Explorations Ltd (TSXV:THX) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

THXPF:USA THX:UK T2X:Germany

Address

1075 West Georgia Street, Suite 220, Vancouver, BC, CAN, V6EC9

Website

https://www.thorexpl.com

Thor Explorations Ltd is a Canadian mineral exploration company engaged in the acquisition, exploration and development of mineral properties located in Nigeria, Senegal and Burkina Faso. It holds a 100% interest in the Segilola Gold Project located in Osun State of Nigeria and a 70% interest in the Douta Gold Project located in south-eastern Senegal. It also holds a 100% interest in the Bongui and Legue gold permits located in Hounde greenstone belt, southwest Burkina Faso. It has three reportable segments, the Segilola Mine Project, Exploration Projects, and Corporate.

Thor Explorations (TSXV:THX) Headlines

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