Tombstone Exploration (Tombstone Exploration) Total Assets : $3.04 Mil (As of Dec. 2021)

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What is Tombstone Exploration Total Assets?

Tombstone Exploration's Total Assets for the quarter that ended in Dec. 2021 was $3.04 Mil.

Total Assets is connected with ROA %. Tombstone Exploration's annualized ROA % for the quarter that ended in Dec. 2021 was -60.59%. Total Assets is also linked to Revenue through Asset Turnover. Tombstone Exploration's Asset Turnover for the quarter that ended in Dec. 2021 was 0.00.

Tombstone Exploration Total Assets Historical Data

The historical data trend for Tombstone Exploration'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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Tombstone Exploration Total Assets Chart

Tombstone Exploration Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Total Assets

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0.05

0.04

1.28

3.05

3.04

Tombstone Exploration Semi-Annual Data
	Dec02	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21
Total Assets	Get a 7-Day Free Trial															0.05	0.04	1.28	3.05	3.04

Tombstone Exploration 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.

Tombstone Exploration's Total Assets for the fiscal year that ended in Dec. 2021 is calculated as

Total Assets	=	Total Equity (A: Dec. 2021 )	+	Total Liabilities (A: Dec. 2021 )
	=	2.194	+	0.845
	=	3.04

Tombstone Exploration's Total Assets for the quarter that ended in Dec. 2021 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2021 )	+	Total Liabilities (Q: Dec. 2021 )
	=	2.194	+	0.845
	=	3.04

Tombstone Exploration (OTCPK:TMBXF) Total Assets Explanation

Total Assets is connected with ROA %.

Tombstone Exploration's annualized ROA % for the quarter that ended in Dec. 2021 is

ROA %	=	Net Income (Q: Dec. 2021 )	/	( (Total Assets (Q: Dec. 2020 )	+	Total Assets (Q: Dec. 2021 ))	/ count )
	=	-1.846	/	( (3.053	+	3.04)	/ 2 )
	=	-1.846	/	3.0465
	=	-60.59 %

Note: The Net Income data used here is one times the annual (Dec. 2021) 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.

Tombstone Exploration's Asset Turnover for the quarter that ended in Dec. 2021 is

	Asset Turnover
=	Revenue (Q: Dec. 2021 )	/	( (Total Assets (Q: Dec. 2020 )	+	Total Assets (Q: Dec. 2021 ))	/ count )
=	0	/	( (3.053	+	3.04)	/ 2 )
=	0	/	3.0465
=	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.

Tombstone Exploration Total Assets Related Terms

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Tombstone Exploration (Tombstone Exploration) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Tombstone Exploration Corp (OTCPK:TMBXF) » Definitions » Total Assets

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Traded in Other Exchanges

N/A

Address

6529 E. Friess Drive, Scottsdale, AZ, USA, 85254

Website

https://www.tombstonemining.com

Tombstone Exploration Corp is an exploration-stage mineral resource company. Its focus of operations has been to generate revenue from the production of silver and gold as well as additional base minerals such as copper, lead, and zinc. The company's objective is to produce metals and minerals below standard industry costs. It holds mineral rights to the Stardust mine located in Yuma County, Arizona. The company's projects include The Bonanza Project, The Tombstone Project, and the Stardust Project.