Mt Malcolm Mines NL (ASX:M2M) Total Assets : A$8.11 Mil (As of Dec. 2023)

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What is Mt Malcolm Mines NL Total Assets?

Mt Malcolm Mines NL's Total Assets for the quarter that ended in Dec. 2023 was A$8.11 Mil.

During the past 12 months, Mt Malcolm Mines NL's average Total Assets Growth Rate was 23.10% per year.

Total Assets is connected with ROA %. Mt Malcolm Mines NL's annualized ROA % for the quarter that ended in Dec. 2023 was -14.85%. Total Assets is also linked to Revenue through Asset Turnover. Mt Malcolm Mines NL's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Mt Malcolm Mines NL Total Assets Historical Data

The historical data trend for Mt Malcolm Mines NL'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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Mt Malcolm Mines NL Total Assets Chart

Mt Malcolm Mines NL Annual Data

Trend

Jun22

Jun23

Total Assets

8.78

7.88

Mt Malcolm Mines NL Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	8.94	8.78	8.38	7.88	8.11

Mt Malcolm Mines NL 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.

Mt Malcolm Mines NL'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 )
	=	7.42	+	0.463
	=	7.88

Mt Malcolm Mines NL'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 )
	=	7.181	+	0.931
	=	8.11

Mt Malcolm Mines NL (ASX:M2M) Total Assets Explanation

Total Assets is connected with ROA %.

Mt Malcolm Mines NL'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 )
	=	-1.188	/	( (7.883	+	8.112)	/ 2 )
	=	-1.188	/	7.9975
	=	-14.85 %

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.

Mt Malcolm Mines NL'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	/	( (7.883	+	8.112)	/ 2 )
=	0	/	7.9975
=	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.

Mt Malcolm Mines NL Total Assets Related Terms

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Mt Malcolm Mines NL (ASX:M2M) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Mt Malcolm Mines NL (ASX:M2M) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 Sarich Court, Osborne Park, Perth, WA, AUS, 6017

Website

https://www.mtmalcolm.com.au

Mt Malcolm Mines NL is a gold-focused exploration company. Its key project is the Malcolm Project located in the Mt Malcolm District of the Mt Margaret Mineral Field in Western Australia. The firm is organised into two operating segments, which is corporate and exploration operations.

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