Tietto Minerals (Tietto Minerals) Total Assets : $271.8 Mil (As of Dec. 2023)

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What is Tietto Minerals Total Assets?

Tietto Minerals's Total Assets for the quarter that ended in Dec. 2023 was $271.8 Mil.

During the past 12 months, Tietto Minerals's average Total Assets Growth Rate was 104.90% per year. During the past 3 years, the average Total Assets Growth Rate was 562.90% per year. During the past 5 years, the average Total Assets Growth Rate was 419.30% per year.

During the past 6 years, Tietto Minerals's highest 3-Year average Total Assets Growth Rate was 833.40%. The lowest was 377.60%. And the median was 562.90%.

Total Assets is connected with ROA %. Tietto Minerals's annualized ROA % for the quarter that ended in Dec. 2023 was 0.14%. Total Assets is also linked to Revenue through Asset Turnover. Tietto Minerals's Asset Turnover for the quarter that ended in Dec. 2023 was 0.48.

Tietto Minerals Total Assets Historical Data

The historical data trend for Tietto 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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Tietto Minerals Total Assets Chart

Tietto Minerals Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Dec23

Total Assets

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3.54

8.75

40.64

154.59

271.79

Tietto Minerals Semi-Annual Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial							87.34	154.59	205.67	258.05	271.79

Tietto 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.

Tietto 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 )
	=	185.722	+	86.073
	=	271.8

Tietto Minerals'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 )
	=	185.722	+	86.073
	=	271.8

Tietto Minerals (OTCPK:TIETF) Total Assets Explanation

Total Assets is connected with ROA %.

Tietto Minerals's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	0.382	/	( (258.053	+	271.794)	/ 2 )
	=	0.382	/	264.9235
	=	0.14 %

Note: The Net Income data used here is two times the semi-annual (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.

Tietto Minerals's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	128.424	/	( (258.053	+	271.794)	/ 2 )
=	128.424	/	264.9235
=	0.48

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.

Tietto Minerals Total Assets Related Terms

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Tietto Minerals (Tietto Minerals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Tietto Minerals Ltd (OTCPK:TIETF) » Definitions » Total Assets

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TIE:Australia

Address

123B Collin Street, Unit 22, Perth, WA, AUS, 6005

Website

https://www.tietto.com

Tietto Minerals Ltd is a mineral exploration company with a main focus on gold in West Africa. It operates as four segments which are Administration Australia, Exploration Liberia, Exploration Cote d'Ivoire and Development Cote d'Ivoire. The projects include Dube South Project, Cestos Project, and Abujar Au Project.