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Cobre (ASX:CBE) Total Assets : A$29.42 Mil (As of Dec. 2023)


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What is Cobre Total Assets?

Cobre's Total Assets for the quarter that ended in Dec. 2023 was A$29.42 Mil.

During the past 12 months, Cobre's average Total Assets Growth Rate was 31.30% per year. During the past 3 years, the average Total Assets Growth Rate was 110.30% per year.

During the past 4 years, Cobre's highest 3-Year average Total Assets Growth Rate was 110.30%. The lowest was 110.30%. And the median was 110.30%.

Total Assets is connected with ROA %. Cobre's annualized ROA % for the quarter that ended in Dec. 2023 was -12.97%. Total Assets is also linked to Revenue through Asset Turnover. Cobre's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Cobre Total Assets Historical Data

The historical data trend for Cobre'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.

Cobre Total Assets Chart

Cobre Annual Data
Trend Jun20 Jun21 Jun22 Jun23
Total Assets
9.94 18.26 18.68 31.50

Cobre Semi-Annual Data
Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Total Assets Get a 7-Day Free Trial 15.43 18.68 28.98 31.50 29.42

Cobre 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.

Cobre'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 )
=30.774+0.727
=31.50

Cobre'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 )
=28.454+0.969
=29.42

* 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.

Cobre  (ASX:CBE) Total Assets Explanation

Total Assets is connected with ROA %.

Cobre'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 )
=-3.95/( (31.501+29.423)/ 2 )
=-3.95/30.462
=-12.97 %

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.

Cobre'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/( (31.501+29.423)/ 2 )
=0/30.462
=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.

Cobre Total Assets Related Terms

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Cobre (ASX:CBE) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Cobre Ltd (ASX:CBE) » Definitions » Total Assets
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Traded in Other Exchanges
N/A
Address
27 Macquarie Place, Level 10, Kyle House, Sydney, NSW, AUS, 2000
Website
https://www.cobre.com.au
Cobre Ltd is an exploration and mining company. Its projects include the Perrinvale project, Botswana projects and the Sandiman project. The Perrinvale Project is located at Kalgoorlie in the Yilgarn Craton of Western Australia. The Sandiman Project is located on the eastern edge of the Southern Carnarvon Basin. The firm has only one operating segment being exploration for precious metals.

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