Trigon Metals (TSXV:TM) Total Assets : C$48.25 Mil (As of Dec. 2023)

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What is Trigon Metals Total Assets?

Trigon Metals's Total Assets for the quarter that ended in Dec. 2023 was C$48.25 Mil.

During the past 12 months, Trigon Metals's average Total Assets Growth Rate was 78.30% per year. During the past 3 years, the average Total Assets Growth Rate was 279.50% per year. During the past 5 years, the average Total Assets Growth Rate was 141.40% per year. During the past 10 years, the average Total Assets Growth Rate was 12.00% per year.

During the past 13 years, Trigon Metals's highest 3-Year average Total Assets Growth Rate was 460.90%. The lowest was -83.20%. And the median was -2.00%.

Total Assets is connected with ROA %. Trigon Metals's annualized ROA % for the quarter that ended in Dec. 2023 was -76.76%. Total Assets is also linked to Revenue through Asset Turnover. Trigon Metals's Asset Turnover for the quarter that ended in Dec. 2023 was 0.15.

Trigon Metals Total Assets Historical Data

The historical data trend for Trigon Metals'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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Trigon Metals Total Assets Chart

Trigon Metals Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Total Assets

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1.01

2.39

3.80

22.98

48.81

Trigon Metals Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial															24.27	62.04	48.81	52.81	48.25

Trigon Metals 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.

Trigon Metals's Total Assets for the fiscal year that ended in Mar. 2023 is calculated as

Total Assets	=	Total Equity (A: Mar. 2023 )	+	Total Liabilities (A: Mar. 2023 )
	=	-9.451	+	58.261
	=	48.81

Trigon Metals'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 )
	=	-25.788	+	74.04
	=	48.25

Trigon Metals (TSXV:TM) Total Assets Explanation

Total Assets is connected with ROA %.

Trigon Metals'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 )
	=	-38.784	/	( (52.806	+	48.252)	/ 2 )
	=	-38.784	/	50.529
	=	-76.76 %

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.

Trigon Metals'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 )
=	7.644	/	( (52.806	+	48.252)	/ 2 )
=	7.644	/	50.529
=	0.15

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.

Trigon Metals Total Assets Related Terms

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Trigon Metals (TSXV:TM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Trigon Metals Inc (TSXV:TM) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

PNTZF:USA TZU2:Germany

Address

130 Queens Quay East, Suite 1224, Toronto, ON, CAN, M5A 0P6

Website

https://www.trigonmetals.com

Trigon Metals Inc is an emerging copper and silver producer in the African continent. Trigon operates through the development of its Namibian mining and exploration permits. The company's projects include Kombat Mine and Gross Otavi in Namibia and the newly Silver Hill copper-silver exploration project in Morocco.

Executives

Larisa Sprott

Director