TTGXF (Trans Canada Gold) Total Assets : $0.73 Mil (As of Dec. 2024)

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What is Trans Canada Gold Total Assets?

Trans Canada Gold's Total Assets for the quarter that ended in Dec. 2024 was $0.73 Mil.

Warning Sign:

If a company builds assets at 30.7% a year, faster than its revenue growth rate of 26.2% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Trans Canada Gold's average Total Assets Growth Rate was -30.90% per year. During the past 3 years, the average Total Assets Growth Rate was -27.60% per year. During the past 5 years, the average Total Assets Growth Rate was 30.70% per year. During the past 10 years, the average Total Assets Growth Rate was 22.40% per year.

During the past 13 years, Trans Canada Gold's highest 3-Year average Total Assets Growth Rate was 142.60%. The lowest was -47.00%. And the median was 13.95%.

Total Assets is connected with ROA %. Trans Canada Gold's annualized ROA % for the quarter that ended in Dec. 2024 was 16.66%. Total Assets is also linked to Revenue through Asset Turnover. Trans Canada Gold's Asset Turnover for the quarter that ended in Dec. 2024 was 0.18.

Trans Canada Gold Total Assets Historical Data

The historical data trend for Trans Canada 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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Trans Canada Gold Total Assets Chart

Trans Canada Gold Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Total Assets

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0.05

1.54

1.13

0.76

0.74

Trans Canada Gold Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Total Assets	Get a 7-Day Free Trial															0.87	0.86	0.74	0.96	0.73

Trans Canada 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.

Trans Canada Gold'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 )
	=	0.549	+	0.193
	=	0.74

Trans Canada Gold's Total Assets for the quarter that ended in Dec. 2024 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2024 )	+	Total Liabilities (Q: Dec. 2024 )
	=	0.623	+	0.103
	=	0.73

Trans Canada Gold (OTCPK:TTGXF) Total Assets Explanation

Total Assets is connected with ROA %.

Trans Canada Gold's annualized ROA % for the quarter that ended in Dec. 2024 is

ROA %	=	Net Income (Q: Dec. 2024 )	/	( (Total Assets (Q: Sep. 2024 )	+	Total Assets (Q: Dec. 2024 ))	/ count )
	=	0.14	/	( (0.955	+	0.726)	/ 2 )
	=	0.14	/	0.8405
	=	16.66 %

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

Trans Canada Gold's Asset Turnover for the quarter that ended in Dec. 2024 is

	Asset Turnover
=	Revenue (Q: Dec. 2024 )	/	( (Total Assets (Q: Sep. 2024 )	+	Total Assets (Q: Dec. 2024 ))	/ count )
=	0.153	/	( (0.955	+	0.726)	/ 2 )
=	0.153	/	0.8405
=	0.18

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.

Trans Canada Gold Total Assets Related Terms

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Trans Canada Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Trans Canada Gold Corp (OTCPK:TTGXF) » Definitions » Total Assets

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TTG:Canada

Address

777 Hornby Street, Suite 900, Vancouver, BC, CAN, V6Z 1Z4

Website

https://www.transcanadagold.com

Trans Canada Gold Corp is a gold and mineral exploration and Oil & Gas Resource Development Company. It is focused on developing its District Scale Gold exploration project in Ontario. The company identifies, acquires and finances the acquisition of gold exploration properties and the ongoing development of mining and oil and gas assets. The company operates in two reportable segments, being exploration of mineral assets and petroleum production.