TOUBF (Toubani Resources) Total Assets : $1.86 Mil (As of Jun. 2024)

View and export this data going back to 2024. Start your Free Trial

What is Toubani Resources Total Assets?

Toubani Resources's Total Assets for the quarter that ended in Jun. 2024 was $1.86 Mil.

During the past 12 months, Toubani Resources's average Total Assets Growth Rate was 27.80% per year. During the past 3 years, the average Total Assets Growth Rate was -17.40% per year. During the past 5 years, the average Total Assets Growth Rate was -42.90% per year. During the past 10 years, the average Total Assets Growth Rate was -40.20% per year.

During the past 2 years, Toubani Resources's highest 3-Year average Total Assets Growth Rate was 1729.10%. The lowest was -74.80%. And the median was 7.15%.

Total Assets is connected with ROA %. Toubani Resources's annualized ROA % for the quarter that ended in Jun. 2024 was -267.96%. Total Assets is also linked to Revenue through Asset Turnover. Toubani Resources's Asset Turnover for the quarter that ended in Jun. 2024 was 0.00.

Toubani Resources Total Assets Historical Data

The historical data trend for Toubani 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.

* Premium members only.

Toubani Resources Total Assets Chart

Toubani Resources Annual Data

Trend

Dec22

Dec23

Total Assets

4.01

1.96

Toubani Resources Semi-Annual Data
	Dec22	Jun23	Dec23	Jun24
Total Assets	4.01	1.03	1.96	1.86

Toubani 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.

Toubani Resources'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 )
	=	1.562	+	0.4
	=	1.96

Toubani Resources's Total Assets for the quarter that ended in Jun. 2024 is calculated as

Total Assets	=	Total Equity (Q: Jun. 2024 )	+	Total Liabilities (Q: Jun. 2024 )
	=	1.483	+	0.375
	=	1.86

Toubani Resources (OTCPK:TOUBF) Total Assets Explanation

Total Assets is connected with ROA %.

Toubani Resources's annualized ROA % for the quarter that ended in Jun. 2024 is

ROA %	=	Net Income (Q: Jun. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Jun. 2024 ))	/ count )
	=	-5.118	/	( (1.961	+	1.859)	/ 2 )
	=	-5.118	/	1.91
	=	-267.96 %

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

Toubani Resources's Asset Turnover for the quarter that ended in Jun. 2024 is

	Asset Turnover
=	Revenue (Q: Jun. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Jun. 2024 ))	/ count )
=	0	/	( (1.961	+	1.859)	/ 2 )
=	0	/	1.91
=	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.

Toubani Resources Total Assets Related Terms

Thank you for viewing the detailed overview of Toubani Resources's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

Toubani Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Toubani Resources Ltd (OTCPK:TOUBF) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

3V20:Germany TRE:Australia

Address

1202 Hay Street, Suite 1600, Toronto, WA, AUS, 6005

Website

https://www.toubaniresources.com

Toubani Resources Ltd is a Canada-based gold exploration and development company. Its segment consists of the acquisition, exploration, and development of precious and base metal mineral resources properties located in Western Africa. The company's portfolio includes the Kobada gold project which is a stage gold development project located in Mali.