T2 Metals (T2 Metals) Total Assets : $1.98 Mil (As of Jan. 2024)

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What is T2 Metals Total Assets?

T2 Metals's Total Assets for the quarter that ended in Jan. 2024 was $1.98 Mil.

During the past 12 months, T2 Metals's average Total Assets Growth Rate was 204.50% per year. During the past 3 years, the average Total Assets Growth Rate was 180.50% per year. During the past 5 years, the average Total Assets Growth Rate was 115.40% per year. During the past 10 years, the average Total Assets Growth Rate was -28.80% per year.

During the past 13 years, T2 Metals's highest 3-Year average Total Assets Growth Rate was 250.70%. The lowest was -76.80%. And the median was 3.75%.

Total Assets is connected with ROA %. T2 Metals's annualized ROA % for the quarter that ended in Jan. 2024 was -12.04%. Total Assets is also linked to Revenue through Asset Turnover. T2 Metals's Asset Turnover for the quarter that ended in Jan. 2024 was 0.00.

T2 Metals Total Assets Historical Data

The historical data trend for T2 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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T2 Metals Total Assets Chart

T2 Metals Annual Data

Trend

Apr13

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Total Assets

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0.02

1.97

1.71

T2 Metals Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Jul23	Oct23	Jan24
Total Assets	Get a 7-Day Free Trial															1.58	2.28	2.11	2.08	1.98

T2 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.

T2 Metals's Total Assets for the fiscal year that ended in Apr. 2022 is calculated as

Total Assets	=	Total Equity (A: Apr. 2022 )	+	Total Liabilities (A: Apr. 2022 )
	=	1.504	+	0.205
	=	1.71

T2 Metals's Total Assets for the quarter that ended in Jan. 2024 is calculated as

Total Assets	=	Total Equity (Q: Jan. 2024 )	+	Total Liabilities (Q: Jan. 2024 )
	=	1.617	+	0.358
	=	1.98

T2 Metals (OTCPK:AGLAF) Total Assets Explanation

Total Assets is connected with ROA %.

T2 Metals's annualized ROA % for the quarter that ended in Jan. 2024 is

ROA %	=	Net Income (Q: Jan. 2024 )	/	( (Total Assets (Q: Oct. 2023 )	+	Total Assets (Q: Jan. 2024 ))	/ count )
	=	-0.244	/	( (2.078	+	1.975)	/ 2 )
	=	-0.244	/	2.0265
	=	-12.04 %

Note: The Net Income data used here is four times the quarterly (Jan. 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.

T2 Metals's Asset Turnover for the quarter that ended in Jan. 2024 is

	Asset Turnover
=	Revenue (Q: Jan. 2024 )	/	( (Total Assets (Q: Oct. 2023 )	+	Total Assets (Q: Jan. 2024 ))	/ count )
=	0	/	( (2.078	+	1.975)	/ 2 )
=	0	/	2.0265
=	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.

T2 Metals Total Assets Related Terms

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T2 Metals (T2 Metals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » T2 Metals Corp (OTCPK:AGLAF) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

WJ6:Germany TWO:Canada

Address

1090 West Georgia Street, Suite 1305, Vancouver, BC, CAN, V6E 3V7

Website

https://www.t2metals.com

T2 Metals Corp is engaged in the discovery of gold, silver, and copper. The company has acquired 100% ownership through staking, the Cora copper project, located in Pinal County, Arizona. The company targets under-explored districts where post-mineralization cover masks areas of high geological prospectivity in the vicinity of major mines. Its projects include Lida project and Sherridon project.

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