TMASF (Temas Resources) Total Assets : $5.22 Mil (As of Sep. 2024)

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What is Temas Resources Total Assets?

Temas Resources's Total Assets for the quarter that ended in Sep. 2024 was $5.22 Mil.

During the past 12 months, Temas Resources's average Total Assets Growth Rate was -12.40% per year. During the past 3 years, the average Total Assets Growth Rate was 408.10% per year.

During the past 5 years, Temas Resources's highest 3-Year average Total Assets Growth Rate was 408.10%. The lowest was 408.10%. And the median was 408.10%.

Total Assets is connected with ROA %. Temas Resources's annualized ROA % for the quarter that ended in Sep. 2024 was -41.56%. Total Assets is also linked to Revenue through Asset Turnover. Temas Resources's Asset Turnover for the quarter that ended in Sep. 2024 was 0.00.

Temas Resources Total Assets Historical Data

The historical data trend for Temas Resources'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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Temas Resources Total Assets Chart

Temas Resources Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Total Assets

0.15

9.53

9.00

6.47

Temas Resources Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24	Jun24	Sep24
Total Assets	Get a 7-Day Free Trial															5.76	5.48	4.94	5.29	5.22

Temas Resources 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.

Temas Resources's Total Assets for the fiscal year that ended in Dec. 2022 is calculated as

Total Assets	=	Total Equity (A: Dec. 2022 )	+	Total Liabilities (A: Dec. 2022 )
	=	5.256	+	1.215
	=	6.47

Temas Resources'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 )
	=	4.071	+	1.154
	=	5.23

Temas Resources (OTCPK:TMASF) Total Assets Explanation

Total Assets is connected with ROA %.

Temas Resources'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 )
	=	-2.184	/	( (5.286	+	5.224)	/ 2 )
	=	-2.184	/	5.255
	=	-41.56 %

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.

Temas Resources'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	/	( (5.286	+	5.224)	/ 2 )
=	0	/	5.255
=	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.

Temas Resources Total Assets Related Terms

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Temas Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Temas Resources Corp (OTCPK:TMASF) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

26P0:Germany TMAS:Canada

Address

999 West Hastings Street, Suite 520, Vancouver, BC, CAN, V6C 2W2

Website

https://www.temasresources.com

Temas Resources Corp is focused on the advancement of mineral independence and the processes in which minerals are extracted in an environmentally friendly manner. It invests in and works to apply green technology across its mining portfolio to reduce the environmental impact and carbon footprint of metal extraction through advanced processing and patented leaching technologies. Its flagship properties are located in the stable, mining-friendly jurisdiction of Quebec (Canada) bordering Vermont, Maine, and New York State (U.S.) in an area known as the Grenville Geological Province. The Grenville Geological Province is home to Lac Tio, the solid ilmenite deposit in the world.