Tree Island Steel (Tree Island Steel) Total Assets : $128.6 Mil (As of Mar. 2024)

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What is Tree Island Steel Total Assets?

Tree Island Steel's Total Assets for the quarter that ended in Mar. 2024 was $128.6 Mil.

During the past 12 months, Tree Island Steel's average Total Assets Growth Rate was -6.50% per year. During the past 3 years, the average Total Assets Growth Rate was 1.40% per year. During the past 5 years, the average Total Assets Growth Rate was 0.50% per year. During the past 10 years, the average Total Assets Growth Rate was 5.60% per year.

During the past 13 years, Tree Island Steel's highest 3-Year average Total Assets Growth Rate was 18.30%. The lowest was -29.70%. And the median was 1.00%.

Total Assets is connected with ROA %. Tree Island Steel's annualized ROA % for the quarter that ended in Mar. 2024 was 1.44%. Total Assets is also linked to Revenue through Asset Turnover. Tree Island Steel's Asset Turnover for the quarter that ended in Mar. 2024 was 0.35.

Tree Island Steel Total Assets Historical Data

The historical data trend for Tree Island Steel'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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Tree Island Steel Total Assets Chart

Tree Island Steel Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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120.83

114.41

176.41

129.80

128.19

Tree Island Steel Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															137.43	131.27	129.73	128.19	128.57

Tree Island Steel 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.

Tree Island Steel'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 )
	=	94.571	+	33.618
	=	128.2

Tree Island Steel's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	94.003	+	34.564
	=	128.6

Tree Island Steel (OTCPK:TWIRF) Total Assets Explanation

Total Assets is connected with ROA %.

Tree Island Steel's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	1.848	/	( (128.189	+	128.567)	/ 2 )
	=	1.848	/	128.378
	=	1.44 %

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

Tree Island Steel's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	44.762	/	( (128.189	+	128.567)	/ 2 )
=	44.762	/	128.378
=	0.35

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.

Tree Island Steel Total Assets Related Terms

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Tree Island Steel (Tree Island Steel) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Tree Island Steel Ltd (OTCPK:TWIRF) » Definitions » Total Assets

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Traded in Other Exchanges

TSL:Canada

Address

3933 Boundary Road, Richmond, BC, CAN, V6V 1T8

Website

https://www.treeisland.com

Tree Island Steel Ltd operates in the steel business. It is engaged in the manufacturing and sale of steel wire and related products for a range of applications. It offers products such as bulk nails, stucco reinforcing products, concrete reinforcing mesh, fencing, and other fabricated wire products. The firm groups its products into the following: Industrial, Commercial, Agricultural, Construction, and Residential Construction. Key revenue is derived from the Industrial segment. The products are offered under Tree Island, Halsteel, K-Lath, True spec, Toughstrand, and Stucco-rite brands. Geographically the firm has its business presence across the region of the United States, Canada, and other regions, of which the United States region accounts for the majority share of the revenue.

Tree Island Steel (Tree Island Steel) Headlines

From GuruFocus

Tree Island Announces Meeting Results for Election of Directors

By GlobeNewswire GlobeNewswire • 05-08-2020

Tree Island Announces Meeting Results for Election of Directors

By GlobeNewswire GlobeNewswire • 05-06-2023

The Futura Corporation and Arbutus Distributors Ltd. withdraw their non-binding unsolicited proposal for Tree Island's shares

By GlobeNewswire GlobeNewswire • 08-31-2019