TGI Solar Power Group (TGI Solar Power Group) Total Assets : $0.29 Mil (As of Jul. 2023)

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What is TGI Solar Power Group Total Assets?

TGI Solar Power Group's Total Assets for the quarter that ended in Jul. 2023 was $0.29 Mil.

During the past 12 months, TGI Solar Power Group's average Total Assets Growth Rate was 0.70% per year. During the past 3 years, the average Total Assets Growth Rate was 169.00% per year.

During the past 5 years, TGI Solar Power Group's highest 3-Year average Total Assets Growth Rate was 169.00%. The lowest was 169.00%. And the median was 169.00%.

Total Assets is connected with ROA %. TGI Solar Power Group's annualized ROA % for the quarter that ended in Jul. 2023 was -17.97%. Total Assets is also linked to Revenue through Asset Turnover. TGI Solar Power Group's Asset Turnover for the quarter that ended in Jul. 2023 was 0.08.

TGI Solar Power Group Total Assets Historical Data

The historical data trend for TGI Solar Power Group'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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TGI Solar Power Group Total Assets Chart

TGI Solar Power Group Annual Data

Trend

Jul15

Jul16

Jul17

Jul22

Jul23

Total Assets

0.15

0.30

0.29

TGI Solar Power Group Semi-Annual Data
	Jul15	Jul16	Jul17	Jul22	Jul23
Total Assets	-	0.15	-	0.30	0.29

TGI Solar Power Group 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.

TGI Solar Power Group's Total Assets for the fiscal year that ended in Jul. 2023 is calculated as

Total Assets	=	Total Equity (A: Jul. 2023 )	+	Total Liabilities (A: Jul. 2023 )
	=	-0.717	+	1.009
	=	0.29

TGI Solar Power Group's Total Assets for the quarter that ended in Jul. 2023 is calculated as

Total Assets	=	Total Equity (Q: Jul. 2023 )	+	Total Liabilities (Q: Jul. 2023 )
	=	-0.717	+	1.009
	=	0.29

TGI Solar Power Group (OTCPK:TSPG) Total Assets Explanation

Total Assets is connected with ROA %.

TGI Solar Power Group's annualized ROA % for the quarter that ended in Jul. 2023 is

ROA %	=	Net Income (Q: Jul. 2023 )	/	( (Total Assets (Q: Jul. 2022 )	+	Total Assets (Q: Jul. 2023 ))	/ count )
	=	-0.053	/	( (0.298	+	0.292)	/ 2 )
	=	-0.053	/	0.295
	=	-17.97 %

Note: The Net Income data used here is one times the annual (Jul. 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.

TGI Solar Power Group's Asset Turnover for the quarter that ended in Jul. 2023 is

	Asset Turnover
=	Revenue (Q: Jul. 2023 )	/	( (Total Assets (Q: Jul. 2022 )	+	Total Assets (Q: Jul. 2023 ))	/ count )
=	0.023	/	( (0.298	+	0.292)	/ 2 )
=	0.023	/	0.295
=	0.08

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.

TGI Solar Power Group Total Assets Related Terms

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TGI Solar Power Group (TGI Solar Power Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » TGI Solar Power Group Inc (OTCPK:TSPG) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

1801 North East 123rd Street, North Miami, FL, USA, 33181

Website

https://www.tgipower.com

TGI Solar Power Group Inc is engaged in the business of providing potential alternative energy solutions to residential and business customers. The company offers services such as Management Consulting, Project Management, International Business Development, Strategic Alliances, New Technology Incubator, Smart Sustainable City Development & Many More.

Executives

R Paul Gray	director, 10 percent owner, officer: Executive VP of Business Dev.	C/O UNITED THERAPEUTICS CORP, 1110 SPRING STREET, SILVER SPRINGS MD 20910
David A Dedman	director	44050 ASHBURN PLAZA, SUITE 195, ASHBURN VA 20147
Neil Booth Strodel	director	6 TEASEL LANE, SKANEATELES NY 13152
Wisneski John Thomas Jr	director	2706 CLEARVIEW ROAD, ALLISON PARK PA 15101
Matthew Freeman Taylor	director, other: Self	839 SOUTHRIDGE GREENS BLVD, FORT COLLINS CO 80525
Sequence Holdings Llc	10 percent owner	192 EAST BAY STREET, SUITE 300, CHARLESTON SC 29401
Linda Joy Putnam	officer: Vice President and CFO	141 HERNDON MILL CIRCLE, HERNDON VA 20170
Core Concepts, Llc	10 percent owner	44050 ASHBURN PLAZA, SUITE 195, ASHBURN VA 20147
Timothy S Novak	director, 10 percent owner, other: * See Remarks	8374 MARKET ST, STE 439, BRADENTON FL 34202
Tenthgate, Inc.	10 percent owner	44050 ASHBURN PLAZA, SUITE 195, ASHBURN VA 20147