Totec Resources (TSXV:TOTC.P) Total Assets : C$0.25 Mil (As of Dec. 2023)

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What is Totec Resources Total Assets?

Totec Resources's Total Assets for the quarter that ended in Dec. 2023 was C$0.25 Mil.

During the past 12 months, Totec Resources's average Total Assets Growth Rate was -16.70% per year.

Total Assets is connected with ROA %. Totec Resources's annualized ROA % for the quarter that ended in Dec. 2023 was -34.71%. Total Assets is also linked to Revenue through Asset Turnover. Totec Resources's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Totec Resources Total Assets Historical Data

The historical data trend for Totec 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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Totec Resources Total Assets Chart

Totec Resources Annual Data

Trend

Mar22

Mar23

Total Assets

0.13

0.36

Totec Resources Quarterly Data
	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial			0.09	0.36	0.30	0.26	0.25

Totec 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.

Totec Resources'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 )
	=	0.293	+	0.066
	=	0.36

Totec Resources'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 )
	=	0.235	+	0.01
	=	0.25

Totec Resources (TSXV:TOTC.P) Total Assets Explanation

Total Assets is connected with ROA %.

Totec Resources'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 )
	=	-0.088	/	( (0.262	+	0.245)	/ 2 )
	=	-0.088	/	0.2535
	=	-34.71 %

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.

Totec Resources'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 )
=	0	/	( (0.262	+	0.245)	/ 2 )
=	0	/	0.2535
=	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.

Totec Resources Total Assets Related Terms

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Totec Resources (TSXV:TOTC.P) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Totec Resources Ltd (TSXV:TOTC.P) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

1575 Kamloops Street, Vancouver, BC, CAN, V5K 3W1

Website

Totec Resources Ltd is a capital pool company.

Totec Resources (TSXV:TOTC.P) Headlines

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