TBRIF (Therma Bright) Total Assets : $2.33 Mil (As of Jul. 2024)

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What is Therma Bright Total Assets?

Therma Bright's Total Assets for the quarter that ended in Jul. 2024 was $2.33 Mil.

During the past 12 months, Therma Bright's average Total Assets Growth Rate was 57.20% per year. During the past 3 years, the average Total Assets Growth Rate was 90.50% per year. During the past 5 years, the average Total Assets Growth Rate was 140.10% per year.

During the past 13 years, Therma Bright's highest 3-Year average Total Assets Growth Rate was 186.80%. The lowest was -89.70%. And the median was 42.10%.

Total Assets is connected with ROA %. Therma Bright's annualized ROA % for the quarter that ended in Jul. 2024 was -204.15%. Total Assets is also linked to Revenue through Asset Turnover. Therma Bright's Asset Turnover for the quarter that ended in Jul. 2024 was 0.00.

Therma Bright Total Assets Historical Data

The historical data trend for Therma Bright'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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Therma Bright Total Assets Chart

Therma Bright Annual Data

Trend

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Jul24

Total Assets

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0.85

1.79

3.09

1.67

2.33

Therma Bright Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24
Total Assets	Get a 7-Day Free Trial															1.67	2.97	3.01	3.02	2.33

Therma Bright 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.

Therma Bright's Total Assets for the fiscal year that ended in Jul. 2024 is calculated as

Total Assets	=	Total Equity (A: Jul. 2024 )	+	Total Liabilities (A: Jul. 2024 )
	=	0.965	+	1.361
	=	2.33

Therma Bright's Total Assets for the quarter that ended in Jul. 2024 is calculated as

Total Assets	=	Total Equity (Q: Jul. 2024 )	+	Total Liabilities (Q: Jul. 2024 )
	=	0.965	+	1.361
	=	2.33

Therma Bright (OTCPK:TBRIF) Total Assets Explanation

Total Assets is connected with ROA %.

Therma Bright's annualized ROA % for the quarter that ended in Jul. 2024 is

ROA %	=	Net Income (Q: Jul. 2024 )	/	( (Total Assets (Q: Apr. 2024 )	+	Total Assets (Q: Jul. 2024 ))	/ count )
	=	-5.46	/	( (3.023	+	2.326)	/ 2 )
	=	-5.46	/	2.6745
	=	-204.15 %

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

Therma Bright's Asset Turnover for the quarter that ended in Jul. 2024 is

	Asset Turnover
=	Revenue (Q: Jul. 2024 )	/	( (Total Assets (Q: Apr. 2024 )	+	Total Assets (Q: Jul. 2024 ))	/ count )
=	0.005	/	( (3.023	+	2.326)	/ 2 )
=	0.005	/	2.6745
=	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.

Therma Bright Total Assets Related Terms

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Therma Bright Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Therma Bright Inc (OTCPK:TBRIF) » Definitions » Total Assets

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THRM:Canada

Address

345 Danforth Avenue, Toronto, ON, CAN, M4K 1N7

Website

https://www.thermabright.com

Therma Bright Inc is a developer and partner in a range of proprietary diagnostic and medical device technologies focused on providing consumers and medical professionals with solutions to address important medical and healthcare challenges. The Company is developing, acquiring, manufacturing and marketing proprietary healthcare and medical devices for the consumer and institutional marketplace focused on 3 key strategic areas: respiratory disease, vascular health, and consumer medical devices.