Rio Tinto (Rio Tinto) Total Assets

: $103,549 Mil (As of Dec. 2023)

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Rio Tinto's Total Assets for the quarter that ended in Dec. 2023 was $103,549 Mil.

During the past 12 months, Rio Tinto's average Total Assets Growth Rate was 1.60% per year. During the past 3 years, the average Total Assets Growth Rate was 5.00% per year. During the past 5 years, the average Total Assets Growth Rate was 4.30% per year. During the past 10 years, the average Total Assets Growth Rate was 1.80% per year.

During the past 13 years, Rio Tinto's highest 3-Year average Total Assets Growth Rate was 55.90%. The lowest was -11.10%. And the median was 6.10%.

Total Assets is connected with ROA %. Rio Tinto's annualized ROA % for the quarter that ended in Dec. 2023 was 9.83%. Total Assets is also linked to Revenue through Asset Turnover. Rio Tinto's Asset Turnover for the quarter that ended in Dec. 2023 was 0.27.

Rio Tinto Total Assets Historical Data

The historical data trend for Rio Tinto'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.

Rio Tinto Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

87,802.00

97,390.00

102,896.00

96,774.00

103,549.00

Rio Tinto Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets																102,896.00	101,905.00	96,774.00	97,556.00	103,549.00

Rio Tinto 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.

Rio Tinto'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 )
	=	56341	+	47208
	=	103,549

Rio Tinto's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	56341	+	47208
	=	103,549

Rio Tinto (NYSE:RIO) Total Assets Explanation

Total Assets is connected with ROA %.

Rio Tinto's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	9882	/	( (97556	+	103549)	/ 2 )
	=	9882	/	100552.5
	=	9.83 %

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.

Rio Tinto's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	27374	/	( (97556	+	103549)	/ 2 )
=	27374	/	100552.5
=	0.27

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.

Rio Tinto Total Assets Related Terms

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Rio Tinto (Rio Tinto) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Rio Tinto PLC (NYSE:RIO) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

RTPPF:USA RIO N:Mexico RIOl:UK RIO:UK RIO1:Germany RIOT34:Brazil RIO:Argentina

Address

6 St James’s Square, London, GBR, SW1Y 4AD

Website

https://www.riotinto.com

Rio Tinto is a global diversified miner. Iron ore is the dominant commodity, with significantly lesser contributions from copper, aluminum, diamonds, gold, and industrial minerals. The 1995 merger of RTZ and CRA, via a dual-listed structure, created the present-day company. The two operate as a single business entity, with shareholders in each company having equivalent economic and voting rights. Major assets included its Pilbara iron ore operations, a 30% stake in the Escondida copper mine, 66%-ownership of the Oyu Tolgoi copper mine in Mongolia, the Weipa and Gove bauxite mines in Australia, and six hydro-powered aluminum smelters in Canada.