Enova Mining (ASX:ENV) Total Assets : A$4.73 Mil (As of Jun. 2023)

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What is Enova Mining Total Assets?

Enova Mining's Total Assets for the quarter that ended in Jun. 2023 was A$4.73 Mil.

During the past 12 months, Enova Mining's average Total Assets Growth Rate was 8.60% per year. During the past 3 years, the average Total Assets Growth Rate was 4.40% per year. During the past 5 years, the average Total Assets Growth Rate was 1.40% per year. During the past 10 years, the average Total Assets Growth Rate was -1.40% per year.

During the past 13 years, Enova Mining's highest 3-Year average Total Assets Growth Rate was 25.50%. The lowest was -9.00%. And the median was 0.95%.

Total Assets is connected with ROA %. Enova Mining's annualized ROA % for the quarter that ended in Jun. 2023 was -5.00%. Total Assets is also linked to Revenue through Asset Turnover. Enova Mining's Asset Turnover for the quarter that ended in Jun. 2023 was 0.00.

Enova Mining Total Assets Historical Data

The historical data trend for Enova Mining'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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Enova Mining Total Assets Chart

Enova Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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4.36

4.48

4.60

4.87

5.98

Enova Mining 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	Get a 7-Day Free Trial															4.60	4.64	4.87	4.73	5.98

Enova Mining 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.

Enova Mining'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 )
	=	5.941	+	0.036
	=	5.98

Enova Mining's Total Assets for the quarter that ended in Jun. 2023 is calculated as

Total Assets	=	Total Equity (Q: Jun. 2023 )	+	Total Liabilities (Q: Jun. 2023 )
	=	4.709	+	0.02
	=	4.73

Enova Mining (ASX:ENV) Total Assets Explanation

Total Assets is connected with ROA %.

Enova Mining's annualized ROA % for the quarter that ended in Jun. 2023 is

ROA %	=	Net Income (Q: Jun. 2023 )	/	( (Total Assets (Q: Dec. 2022 )	+	Total Assets (Q: Jun. 2023 ))	/ count )
	=	-0.24	/	( (4.865	+	4.729)	/ 2 )
	=	-0.24	/	4.797
	=	-5.00 %

Note: The Net Income data used here is two times the semi-annual (Jun. 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.

Enova Mining's Asset Turnover for the quarter that ended in Jun. 2023 is

	Asset Turnover
=	Revenue (Q: Jun. 2023 )	/	( (Total Assets (Q: Dec. 2022 )	+	Total Assets (Q: Jun. 2023 ))	/ count )
=	0.002	/	( (4.865	+	4.729)	/ 2 )
=	0.002	/	4.797
=	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.

Enova Mining Total Assets Related Terms

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Enova Mining (ASX:ENV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Enova Mining Ltd (ASX:ENV) » Definitions » Total Assets

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N/A

Address

Level 26, 360 Collins Street, Melbourne, VIC, AUS, 3000

Website

https://www.enovamining.com

Enova Mining Ltd is an Australian company engaged in the exploration for rare earth elements (REE) in the Northern Territory. The company is focused on the Charley Creek project which is located in the Northern Territory, around 110 km north-west of Alice Springs, off the Tanami road. The company is organized into one operating segment, being mining and exploration operations.