TBRDF (Thunderbird Minerals) Total Assets : $0.87 Mil (As of Sep. 2024)

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What is Thunderbird Minerals Total Assets?

Thunderbird Minerals's Total Assets for the quarter that ended in Sep. 2024 was $0.87 Mil.

During the past 12 months, Thunderbird Minerals's average Total Assets Growth Rate was 15.00% per year.

Total Assets is connected with ROA %. Thunderbird Minerals's annualized ROA % for the quarter that ended in Sep. 2024 was -21.25%. Total Assets is also linked to Revenue through Asset Turnover. Thunderbird Minerals's Asset Turnover for the quarter that ended in Sep. 2024 was 0.00.

Thunderbird Minerals Total Assets Historical Data

The historical data trend for Thunderbird Minerals'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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Thunderbird Minerals Total Assets Chart

Thunderbird Minerals Annual Data

Trend

Dec22

Dec23

Total Assets

1.03

Thunderbird Minerals Quarterly Data
	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Assets	Get a 7-Day Free Trial			1.07	1.03	1.00	0.90	0.87

Thunderbird Minerals 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.

Thunderbird Minerals's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	1.009	+	0.025
	=	1.03

Thunderbird Minerals's Total Assets for the quarter that ended in Sep. 2024 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2024 )	+	Total Liabilities (Q: Sep. 2024 )
	=	0.85	+	0.017
	=	0.87

Thunderbird Minerals (OTCPK:TBRDF) Total Assets Explanation

Total Assets is connected with ROA %.

Thunderbird Minerals's annualized ROA % for the quarter that ended in Sep. 2024 is

ROA %	=	Net Income (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
	=	-0.188	/	( (0.902	+	0.867)	/ 2 )
	=	-0.188	/	0.8845
	=	-21.25 %

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

Thunderbird Minerals's Asset Turnover for the quarter that ended in Sep. 2024 is

	Asset Turnover
=	Revenue (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
=	0	/	( (0.902	+	0.867)	/ 2 )
=	0	/	0.8845
=	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.

Thunderbird Minerals Total Assets Related Terms

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Thunderbird Minerals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Thunderbird Minerals Corp (OTCPK:TBRDF) » Definitions » Total Assets

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BIRD:Canada

Address

650 West Georgia Street, Suite 2110, Vancouver, BC, CAN, V6B 4N9

Website

http://www.thunderbirdminerals.ca

Thunderbird Minerals Corp focuses on acquiring and developing exploration and evaluation assets. The firm focuses on the discovery of new precious metal and copper projects through systematic exploration in metal-endowed terranes located in tier-one mining jurisdictions. Its drill-ready projects include Bullseye in the Wels District of the Yukon Territories, the Eagle Mountain Gold Project in the Cassiar Gold District in northern British Columbia, and the Argo Copper and Gold Project near Quesnel.

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