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TinOne Resources (TSXV:TORC) Total Assets : C$4.86 Mil (As of Sep. 2024)


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What is TinOne Resources Total Assets?

TinOne Resources's Total Assets for the quarter that ended in Sep. 2024 was C$4.86 Mil.

During the past 12 months, TinOne Resources's average Total Assets Growth Rate was -9.90% per year. During the past 3 years, the average Total Assets Growth Rate was 72.60% per year. During the past 5 years, the average Total Assets Growth Rate was 127.40% per year.

During the past 6 years, TinOne Resources's highest 3-Year average Total Assets Growth Rate was 271.00%. The lowest was 72.60%. And the median was 106.10%.

Total Assets is connected with ROA %. TinOne Resources's annualized ROA % for the quarter that ended in Sep. 2024 was -13.87%. Total Assets is also linked to Revenue through Asset Turnover. TinOne Resources's Asset Turnover for the quarter that ended in Sep. 2024 was 0.00.


TinOne Resources Total Assets Historical Data

The historical data trend for TinOne 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.

TinOne Resources Total Assets Chart

TinOne Resources Annual Data
Trend Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Total Assets
Get a 7-Day Free Trial 0.69 0.92 5.59 5.86 5.01

TinOne Resources Quarterly Data
Jun19 Jun20 Sep20 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.59 4.80 4.78 5.01 4.86

TinOne 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.

TinOne Resources's Total Assets for the fiscal year that ended in Jun. 2024 is calculated as

Total Assets=Total Equity (A: Jun. 2024 )+Total Liabilities (A: Jun. 2024 )
=3.831+1.176
=5.01

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

Total Assets=Total Equity (Q: Sep. 2024 )+Total Liabilities (Q: Sep. 2024 )
=3.747+1.109
=4.86

* 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.


TinOne Resources  (TSXV:TORC) Total Assets Explanation

Total Assets is connected with ROA %.

TinOne Resources's annualized ROA % for the quarter that ended in Sep. 2024 is

ROA %=Net Income (Q: Sep. 2024 )/( (Total Assets (Q: Jun. 2024 )+Total Assets (Q: Sep. 2024 ))/ count )
=-0.684/( (5.007+4.856)/ 2 )
=-0.684/4.9315
=-13.87 %

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

TinOne Resources's Asset Turnover for the quarter that ended in Sep. 2024 is

Asset Turnover
=Revenue (Q: Sep. 2024 )/( (Total Assets (Q: Jun. 2024 )+Total Assets (Q: Sep. 2024 ))/ count )
=0/( (5.007+4.856)/ 2 )
=0/4.9315
=0.00

* 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.

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.

TinOne Resources Total Assets Related Terms

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TinOne Resources Business Description

Traded in Other Exchanges
Address
1111 West Hasting Street, Suite 600, Vancouver, BC, CAN, V6E 2J3
TinOne Resources Inc is a mining exploration company. Its mineral exploration activities are focused on underexplored regions in Eastern Australia and New Zealand, to assemble a portfolio of high-quality gold assets. The company's projects include the Panama Gold Project, Great Pyramid Tin Project, Aberfoyle Tin Project, NSW Tin Projects, and Otago Goldfields Applications. The company earns its maximum revenue from Australia.
Executives
Michael Konnert Director, Senior Officer
Chris Donaldson Director, Senior Officer
Ota Hally Director

TinOne Resources Headlines

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