Carawine Resources (ASX:CWX) Total Assets : A$25.98 Mil (As of Dec. 2023)

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What is Carawine Resources Total Assets?

Carawine Resources's Total Assets for the quarter that ended in Dec. 2023 was A$25.98 Mil.

During the past 12 months, Carawine Resources's average Total Assets Growth Rate was 21.10% per year. During the past 3 years, the average Total Assets Growth Rate was 32.30% per year. During the past 5 years, the average Total Assets Growth Rate was 31.10% per year.

During the past 6 years, Carawine Resources's highest 3-Year average Total Assets Growth Rate was 32.30%. The lowest was 30.80%. And the median was 31.10%.

Total Assets is connected with ROA %. Carawine Resources's annualized ROA % for the quarter that ended in Dec. 2023 was -5.03%. Total Assets is also linked to Revenue through Asset Turnover. Carawine Resources's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Carawine Resources Total Assets Historical Data

The historical data trend for Carawine Resources'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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Carawine Resources Total Assets Chart

Carawine Resources Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Assets

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8.27

9.85

14.81

18.75

22.51

Carawine Resources Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial								19.07	18.75	22.81	22.51	25.98

Carawine Resources 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.

Carawine Resources'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 )
	=	21.644	+	0.861
	=	22.51

Carawine Resources'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 )
	=	25.301	+	0.675
	=	25.98

Carawine Resources (ASX:CWX) Total Assets Explanation

Total Assets is connected with ROA %.

Carawine Resources'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 )
	=	-1.22	/	( (22.505	+	25.976)	/ 2 )
	=	-1.22	/	24.2405
	=	-5.03 %

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.

Carawine Resources'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 )
=	0.072	/	( (22.505	+	25.976)	/ 2 )
=	0.072	/	24.2405
=	0.00

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.

Carawine Resources Total Assets Related Terms

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Carawine Resources (ASX:CWX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Carawine Resources Ltd (ASX:CWX) » Definitions » Total Assets

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Traded in Other Exchanges

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Address

18 Kings Park Road, Level 1, West Perth, WA, AUS, 6005

Website

https://www.carawine.com.au

Carawine Resources Ltd is a mineral exploration company. It focuses on the exploration and development of gold, copper, cobalt, and base metal within Western Australia and Victoria. The company has five exploration projects: the Jamieson project, Tropicana North Project, Oakover project, Paterson project, and Fraser Range project.

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