Tantalus Systems Holding (TSX:GRID) Total Assets : C$46.69 Mil (As of Dec. 2023)

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What is Tantalus Systems Holding Total Assets?

Tantalus Systems Holding's Total Assets for the quarter that ended in Dec. 2023 was C$46.69 Mil.

During the past 12 months, Tantalus Systems Holding's average Total Assets Growth Rate was -7.10% per year.

Total Assets is connected with ROA %. Tantalus Systems Holding's annualized ROA % for the quarter that ended in Dec. 2023 was 18.91%. Total Assets is also linked to Revenue through Asset Turnover. Tantalus Systems Holding's Asset Turnover for the quarter that ended in Dec. 2023 was 0.29.

Tantalus Systems Holding Total Assets Historical Data

The historical data trend for Tantalus Systems Holding'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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Tantalus Systems Holding Total Assets Chart

Tantalus Systems Holding Annual Data

Trend

Dec21

Dec22

Dec23

Total Assets

39.71

50.75

46.69

Tantalus Systems Holding Quarterly Data
	Mar20	Jun20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial										50.75	53.27	49.22	49.32	46.69

Tantalus Systems Holding 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.

Tantalus Systems Holding'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 )
	=	3.111	+	43.575
	=	46.69

Tantalus Systems Holding's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	3.111	+	43.575
	=	46.69

Tantalus Systems Holding (TSX:GRID) Total Assets Explanation

Total Assets is connected with ROA %.

Tantalus Systems Holding's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	9.076	/	( (49.316	+	46.686)	/ 2 )
	=	9.076	/	48.001
	=	18.91 %

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

Tantalus Systems Holding's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	13.912	/	( (49.316	+	46.686)	/ 2 )
=	13.912	/	48.001
=	0.29

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.

Tantalus Systems Holding Total Assets Related Terms

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Tantalus Systems Holding (TSX:GRID) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Tantalus Systems Holding Inc (TSX:GRID) » Definitions » Total Assets

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Traded in Other Exchanges

TNTLF:USA

Address

3555 Gilmore Way, Suite 200, Burnaby, BC, CAN, V5G 0B3

Website

https://www.tantalus.com

Tantalus Systems Holding Inc Canada-based company engaged in developing and delivering purpose-built smart grid solutions for public power and electric cooperative utilities. Its segments include the Connected Devices and Infrastructure Segment and Utility Software Applications and Services, and the majority of the revenue comes from Utility Software Applications and Services. Geographic regions are the United States, Canada, and Others, and the majority of the revenue comes from the United States.