TinOne Resources (TSXV:TORC) Total Assets : C$4.78 Mil (As of Mar. 2024)

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What is TinOne Resources Total Assets?

TinOne Resources's Total Assets for the quarter that ended in Mar. 2024 was C$4.78 Mil.

During the past 3 years, the average Total Assets Growth Rate was 106.10% per year.

During the past 5 years, TinOne Resources's highest 3-Year average Total Assets Growth Rate was 271.00%. The lowest was 106.10%. And the median was 188.55%.

Total Assets is connected with ROA %. TinOne Resources's annualized ROA % for the quarter that ended in Mar. 2024 was -21.47%. Total Assets is also linked to Revenue through Asset Turnover. TinOne Resources's Asset Turnover for the quarter that ended in Mar. 2024 was 0.00.

TinOne Resources Total Assets Historical Data

The historical data trend for TinOne 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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TinOne Resources Total Assets Chart

TinOne Resources Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Total Assets

0.07

0.69

0.92

5.59

5.86

TinOne Resources Quarterly Data
	Jun19	Jun20	Sep20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial										-	5.86	5.59	4.80	4.78

TinOne 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.

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

Total Assets	=	Total Equity (A: Jun. 2023 )	+	Total Liabilities (A: Jun. 2023 )
	=	5.618	+	0.238
	=	5.86

TinOne Resources'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 )
	=	4.123	+	0.654
	=	4.78

TinOne Resources (TSXV:TORC) Total Assets Explanation

Total Assets is connected with ROA %.

TinOne Resources'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 )
	=	-1.028	/	( (4.797	+	4.777)	/ 2 )
	=	-1.028	/	4.787
	=	-21.47 %

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.

TinOne Resources'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	/	( (4.797	+	4.777)	/ 2 )
=	0	/	4.787
=	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.

TinOne Resources Total Assets Related Terms

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TinOne Resources (TSXV:TORC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » TinOne Resources Inc (TSXV:TORC) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

TORCF:USA 57Z0:Germany

Address

1090 West Georgia Street, Suite 700, Vancouver, BC, CAN, V6E 3V7

Website

https://www.tinone.ca

TinOne Resources Inc is a mining exploration company. Its mineral exploration activities are focused on underexplored regions in Eastern Australia and New Zealand with an immediate strategy to assemble a portfolio of high-quality gold assets. The company's projects include the Panama Gold Project, Great Pyramid Tin Project, Aberfoyle Tin Project, NSW Tin Projects, and Otago Goldfields Applications.