Touchstone Gold (FRA:T03) Total Assets : €1.22 Mil (As of Jun. 2014)

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What is Touchstone Gold Total Assets?

Touchstone Gold's Total Assets for the quarter that ended in Jun. 2014 was €1.22 Mil.

During the past 12 months, Touchstone Gold's average Total Assets Growth Rate was -99.80% per year.

Total Assets is connected with ROA %. Touchstone Gold's annualized ROA % for the quarter that ended in Jun. 2014 was 620.01%. Total Assets is also linked to Revenue through Asset Turnover. Touchstone Gold's Asset Turnover for the quarter that ended in Jun. 2014 was 0.00.

Touchstone Gold Total Assets Historical Data

The historical data trend for Touchstone Gold'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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Touchstone Gold Total Assets Chart

Touchstone Gold Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Total Assets

0.04

1.60

7.76

14.83

0.15

Touchstone Gold Quarterly Data
	Dec09	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Jun14
Total Assets	Get a 7-Day Free Trial							13.70	1.85	1.39	0.15	1.22

Touchstone Gold 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.

Touchstone Gold's Total Assets for the fiscal year that ended in Dec. 2013 is calculated as

Total Assets	=	Total Equity (A: Dec. 2013 )	+	Total Liabilities (A: Dec. 2013 )
	=	-0.31	+	0.461
	=	0.15

Touchstone Gold's Total Assets for the quarter that ended in Jun. 2014 is calculated as

Total Assets	=	Total Equity (Q: Jun. 2014 )	+	Total Liabilities (Q: Jun. 2014 )
	=	0.106	+	1.112
	=	1.22

Touchstone Gold (FRA:T03) Total Assets Explanation

Total Assets is connected with ROA %.

Touchstone Gold's annualized ROA % for the quarter that ended in Jun. 2014 is

ROA %	=	Net Income (Q: Jun. 2014 )	/	( (Total Assets (Q: Dec. 2013 )	+	Total Assets (Q: Jun. 2014 ))	/ count )
	=	4.244	/	( (0.151	+	1.218)	/ 2 )
	=	4.244	/	0.6845
	=	620.01 %

Note: The Net Income data used here is four times the quarterly (Jun. 2014) 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.

Touchstone Gold's Asset Turnover for the quarter that ended in Jun. 2014 is

	Asset Turnover
=	Revenue (Q: Jun. 2014 )	/	( (Total Assets (Q: Dec. 2013 )	+	Total Assets (Q: Jun. 2014 ))	/ count )
=	0	/	( (0.151	+	1.218)	/ 2 )
=	0	/	0.6845
=	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.

Touchstone Gold Total Assets Related Terms

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Touchstone Gold (FRA:T03) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Touchstone Gold Ltd (FRA:T03) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

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Address

Website

http://www.touchstonegold.com

Touchstone Gold Ltd was incorporated under the Laws of the British Virgin Islands on June 29, 2009. The Company, along with its wholly-owned subsidiaries, is an exploration stage company engaged in the exploration and development of gold properties in Colombia. The Company's project portfolio comprises of Segovia Gold Project and Santa Rosa Project.

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