Trifecta Gold (Trifecta Gold) Total Assets : $2.99 Mil (As of Mar. 2024)

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What is Trifecta Gold Total Assets?

Trifecta Gold's Total Assets for the quarter that ended in Mar. 2024 was $2.99 Mil.

During the past 12 months, Trifecta Gold's average Total Assets Growth Rate was 8.20% per year. During the past 3 years, the average Total Assets Growth Rate was 13.80% per year. During the past 5 years, the average Total Assets Growth Rate was 13.90% per year.

During the past 8 years, Trifecta Gold's highest 3-Year average Total Assets Growth Rate was 20.00%. The lowest was 7.30%. And the median was 13.80%.

Total Assets is connected with ROA %. Trifecta Gold's annualized ROA % for the quarter that ended in Mar. 2024 was -11.70%. Total Assets is also linked to Revenue through Asset Turnover. Trifecta Gold's Asset Turnover for the quarter that ended in Mar. 2024 was 0.00.

Trifecta Gold Total Assets Historical Data

The historical data trend for Trifecta Gold'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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Trifecta Gold Total Assets Chart

Trifecta Gold Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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1.53

2.47

3.89

3.20

3.10

Trifecta Gold Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															3.15	3.23	3.12	3.10	2.99

Trifecta Gold 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.

Trifecta Gold'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 )
	=	3.058	+	0.039
	=	3.10

Trifecta Gold's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	2.945	+	0.045
	=	2.99

Trifecta Gold (OTCPK:TRRFD) Total Assets Explanation

Total Assets is connected with ROA %.

Trifecta Gold's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	-0.356	/	( (3.097	+	2.99)	/ 2 )
	=	-0.356	/	3.0435
	=	-11.70 %

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

Trifecta Gold's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	0	/	( (3.097	+	2.99)	/ 2 )
=	0	/	3.0435
=	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.

Trifecta Gold Total Assets Related Terms

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Trifecta Gold (Trifecta Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Trifecta Gold Ltd (OTCPK:TRRFD) » Definitions » Total Assets

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TG:Canada

Address

1100 Melville Street, Suite 510, Vancouver, BC, CAN, V6E 4A6

Website

https://www.trifectagold.com

Trifecta Gold Ltd is a precious metal-focused exploration company in Canada. The company's principal business activity is the acquisition, exploration, and evaluation of mineral properties. The company focuses on exploring for gold and silver ores. It focuses on developing gold projects including Eureka Project, Trident Gold Project, Treble, and Yuge.