BHP Group's Total Assets for the quarter that ended in Dec. 2023 was $99,988 Mil.
During the past 12 months, BHP Group's average Total Assets Growth Rate was 15.70% per year.
During the past 3 years, the average Total Assets Growth Rate was -0.30% per year.
During the past 5 years, the average Total Assets Growth Rate was -0.70% per year.
During the past 10 years, the average Total Assets Growth Rate was -2.30% per year.
During the past 13 years, BHP Group's highest 3-Year average Total Assets Growth Rate was 25.80%. The lowest was -6.80%. And the median was 6.25%.
Total Assets is connected with ROA %. BHP Group's annualizedROA % for the quarter that ended in Dec. 2023 was 1.84%. Total Assets is also linked to Revenue through Asset Turnover. BHP Group's Asset Turnover for the quarter that ended in Dec. 2023 was 0.27.
BHP Group Total Assets Historical Data
The historical data trend for BHP Group'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.
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.
BHP Group's Total Assets for the fiscal year that ended in Jun. 2023 is calculated as
* 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.
Note:
The Net Income data used here is two times the semi-annual (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.
BHP Group's Asset Turnover for the quarter that ended in Dec. 2023 is
* 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.
BHP Group Total Assets Related Terms
Thank you for viewing the detailed overview of BHP Group's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
BHP is a global diversified miner mainly supplying iron ore and copper. The merger of BHP Limited and Billiton PLC created the present-day BHP Group. The dual listed structure from the 2001 BHP and Billiton merger was collapsed in 2022. Major assets include Pilbara iron ore and Escondida copper. Onshore U.S. oil and gas assets were sold in 2018 and the remaining Petroleum assets were spun off and merged with Woodside in 2022, with BHP vesting the Woodside shares it received to BHP shareholders. BHP is growing its nickel business to supply more battery grade nickel and is also entering the potash market through the development of its Jansen mine in Canada. It also purchased copper miner Oz Minerals in fiscal 2023.
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