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Australian Gold and Copper (ASX:AGC) Total Assets : A$26.19 Mil (As of Dec. 2023)


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What is Australian Gold and Copper Total Assets?

Australian Gold and Copper's Total Assets for the quarter that ended in Dec. 2023 was A$26.19 Mil.

During the past 12 months, Australian Gold and Copper's average Total Assets Growth Rate was 8.20% per year. During the past 3 years, the average Total Assets Growth Rate was 12.70% per year.

During the past 4 years, Australian Gold and Copper's highest 3-Year average Total Assets Growth Rate was 12.70%. The lowest was 12.70%. And the median was 12.70%.

Total Assets is connected with ROA %. Australian Gold and Copper's annualized ROA % for the quarter that ended in Dec. 2023 was -3.49%. Total Assets is also linked to Revenue through Asset Turnover. Australian Gold and Copper's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Australian Gold and Copper Total Assets Historical Data

The historical data trend for Australian Gold and Copper'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.

Australian Gold and Copper Total Assets Chart

Australian Gold and Copper Annual Data
Trend Jun20 Jun21 Jun22 Jun23
Total Assets
18.99 18.49 17.89 16.48

Australian Gold and Copper Semi-Annual Data
Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Total Assets Get a 7-Day Free Trial 18.08 17.89 16.78 16.48 26.19

Australian Gold and Copper 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.

Australian Gold and Copper's Total Assets for the fiscal year that ended in Jun. 2023 is calculated as

Total Assets=Total Equity (A: Jun. 2023 )+Total Liabilities (A: Jun. 2023 )
=16.329+0.151
=16.48

Australian Gold and Copper'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 )
=26.042+0.149
=26.19

* 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.

Australian Gold and Copper  (ASX:AGC) Total Assets Explanation

Total Assets is connected with ROA %.

Australian Gold and Copper'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 )
=-0.744/( (16.48+26.191)/ 2 )
=-0.744/21.3355
=-3.49 %

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.

Australian Gold and Copper'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 )
=0/( (16.48+26.191)/ 2 )
=0/21.3355
=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.

Australian Gold and Copper Total Assets Related Terms

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Australian Gold and Copper (ASX:AGC) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Australian Gold and Copper Ltd (ASX:AGC) » Definitions » Total Assets
Comparable Companies
ASX:SAU ASX:NME ASX:RAS ASX:GML ASX:DCX ASX:AAJ ASX:TMX ASX:OZZ ASX:WC1 ASX:PVW SHSE:601899 NEM TSX:ABX TSX:FNV TSX:AEM TSX:WPM MIC:PLZL ASX:NCM SHSE:600547 JSE:GFI
Traded in Other Exchanges
N/A
Address
55 Hampden Road, Suite 7, Nedlands, Perth, WA, AUS, 6009
Website
https://www.austgoldcopper.com.au
Australian Gold and Copper Ltd is engaged in exploring and developing gold exploration projects with demonstrated high discovery potential. Its projects include the Moorefield project, Derriwong project, Rast project, Gundagai project, and Cargelligo project.