MLG Oz (ASX:MLG) Total Assets : A$260.6 Mil (As of Dec. 2023)

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What is MLG Oz Total Assets?

MLG Oz's Total Assets for the quarter that ended in Dec. 2023 was A$260.6 Mil.

During the past 12 months, MLG Oz's average Total Assets Growth Rate was -2.80% per year.

Total Assets is connected with ROA %. MLG Oz's annualized ROA % for the quarter that ended in Dec. 2023 was 5.62%. Total Assets is also linked to Revenue through Asset Turnover. MLG Oz's Asset Turnover for the quarter that ended in Dec. 2023 was 0.88.

MLG Oz Total Assets Historical Data

The historical data trend for MLG Oz'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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MLG Oz Total Assets Chart

MLG Oz Annual Data

Trend

Jun21

Jun22

Jun23

Total Assets

222.89

254.64

246.15

MLG Oz Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial			244.95	254.64	268.03	246.15	260.61

MLG Oz 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.

MLG Oz'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 )
	=	118.118	+	128.036
	=	246.2

MLG Oz'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 )
	=	126.139	+	134.467
	=	260.6

MLG Oz (ASX:MLG) Total Assets Explanation

Total Assets is connected with ROA %.

MLG Oz'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 )
	=	14.248	/	( (246.154	+	260.605)	/ 2 )
	=	14.248	/	253.3795
	=	5.62 %

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.

MLG Oz'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 )
=	223.223	/	( (246.154	+	260.605)	/ 2 )
=	223.223	/	253.3795
=	0.88

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.

MLG Oz Total Assets Related Terms

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MLG Oz (ASX:MLG) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 Yindi Way, Broadwood, Kalgoorlie, WA, AUS, 6430

Website

https://www.mlgoz.com.au

MLG Oz Ltd operates within the Australian mining industry. It offers comprehensive supply chain solutions such as crushing and screening, quarry products and bulk transport services.