Trench Metals (TSXV:TMC) Total Assets : C$1.40 Mil (As of Jan. 2024)

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What is Trench Metals Total Assets?

Trench Metals's Total Assets for the quarter that ended in Jan. 2024 was C$1.40 Mil.

During the past 12 months, Trench Metals's average Total Assets Growth Rate was 131.60% per year. During the past 3 years, the average Total Assets Growth Rate was 255.30% per year. During the past 5 years, the average Total Assets Growth Rate was 85.10% per year. During the past 10 years, the average Total Assets Growth Rate was -11.70% per year.

During the past 12 years, Trench Metals's highest 3-Year average Total Assets Growth Rate was 255.30%. The lowest was -76.30%. And the median was -5.20%.

Total Assets is connected with ROA %. Trench Metals's annualized ROA % for the quarter that ended in Jan. 2024 was -17.67%. Total Assets is also linked to Revenue through Asset Turnover. Trench Metals's Asset Turnover for the quarter that ended in Jan. 2024 was 0.00.

Trench Metals Total Assets Historical Data

The historical data trend for Trench Metals'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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Trench Metals Total Assets Chart

Trench Metals Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Total Assets

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0.98

0.82

0.46

0.83

1.19

Trench Metals Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Total Assets	Get a 7-Day Free Trial															0.76	0.74	0.85	1.19	1.40

Trench Metals 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.

Trench Metals's Total Assets for the fiscal year that ended in Oct. 2023 is calculated as

Total Assets	=	Total Equity (A: Oct. 2023 )	+	Total Liabilities (A: Oct. 2023 )
	=	1.16	+	0.025
	=	1.19

Trench Metals's Total Assets for the quarter that ended in Jan. 2024 is calculated as

Total Assets	=	Total Equity (Q: Jan. 2024 )	+	Total Liabilities (Q: Jan. 2024 )
	=	1.326	+	0.069
	=	1.40

Trench Metals (TSXV:TMC) Total Assets Explanation

Total Assets is connected with ROA %.

Trench Metals's annualized ROA % for the quarter that ended in Jan. 2024 is

ROA %	=	Net Income (Q: Jan. 2024 )	/	( (Total Assets (Q: Oct. 2023 )	+	Total Assets (Q: Jan. 2024 ))	/ count )
	=	-0.228	/	( (1.185	+	1.395)	/ 2 )
	=	-0.228	/	1.29
	=	-17.67 %

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

Trench Metals's Asset Turnover for the quarter that ended in Jan. 2024 is

	Asset Turnover
=	Revenue (Q: Jan. 2024 )	/	( (Total Assets (Q: Oct. 2023 )	+	Total Assets (Q: Jan. 2024 ))	/ count )
=	0	/	( (1.185	+	1.395)	/ 2 )
=	0	/	1.29
=	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.

Trench Metals Total Assets Related Terms

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Trench Metals (TSXV:TMC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Trench Metals Corp (TSXV:TMC) » Definitions » Total Assets

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NVTQF:USA 33H2:Germany

Address

250 - 750 West Pender Street, Vancouver, BC, CAN, V6C 2T7

Website

https://www.trenchmetals.com

Trench Metals Corp is engaged in the business of exploration and mining metals. The company focuses on the Gorilla Lake Uranium Project and Higginson Lake Uranium Project.