Symbol Mining (ASX:SL1) Total Assets : A$0.07 Mil (As of Jun. 2020)

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What is Symbol Mining Total Assets?

Symbol Mining's Total Assets for the quarter that ended in Jun. 2020 was A$0.07 Mil.

Total Assets is connected with ROA %. Symbol Mining's annualized ROA % for the quarter that ended in Jun. 2020 was -173.91%. Total Assets is also linked to Revenue through Asset Turnover. Symbol Mining's Asset Turnover for the quarter that ended in Jun. 2020 was 0.00.

Symbol Mining Total Assets Historical Data

The historical data trend for Symbol 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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Symbol Mining Total Assets Chart

Symbol Mining Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Total Assets

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2.80

1.22

6.11

11.51

0.02

Symbol Mining Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20
Total Assets	Get a 7-Day Free Trial										6.17	11.51	2.24	0.02	0.07

Symbol 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.

Symbol Mining's Total Assets for the fiscal year that ended in Dec. 2019 is calculated as

Total Assets	=	Total Equity (A: Dec. 2019 )	+	Total Liabilities (A: Dec. 2019 )
	=	-1.07	+	1.092
	=	0.02

Symbol Mining's Total Assets for the quarter that ended in Jun. 2020 is calculated as

Total Assets	=	Total Equity (Q: Jun. 2020 )	+	Total Liabilities (Q: Jun. 2020 )
	=	-1.117	+	1.187
	=	0.07

Symbol Mining (ASX:SL1) Total Assets Explanation

Total Assets is connected with ROA %.

Symbol Mining's annualized ROA % for the quarter that ended in Jun. 2020 is

ROA %	=	Net Income (Q: Jun. 2020 )	/	( (Total Assets (Q: Dec. 2019 )	+	Total Assets (Q: Jun. 2020 ))	/ count )
	=	-0.08	/	( (0.022	+	0.07)	/ 2 )
	=	-0.08	/	0.046
	=	-173.91 %

Note: The Net Income data used here is two times the semi-annual (Jun. 2020) 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.

Symbol Mining's Asset Turnover for the quarter that ended in Jun. 2020 is

	Asset Turnover
=	Revenue (Q: Jun. 2020 )	/	( (Total Assets (Q: Dec. 2019 )	+	Total Assets (Q: Jun. 2020 ))	/ count )
=	0	/	( (0.022	+	0.07)	/ 2 )
=	0	/	0.046
=	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.

Symbol Mining Total Assets Related Terms

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Symbol Mining (ASX:SL1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Symbol Mining Ltd (ASX:SL1) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

331-335 Hay Street, Unit 6, Subiaco, WA, AUS, 6000

Website

http://www.symbolmining.com.au

Symbol Mining Ltd is a mineral exploration company. It is focused on the development and commercialization of high margin, high-grade base metals projects. The company's project profile includes Imperial Project and Tawny Project. The Imperial Project consists of three exploration licenses and three small-scale mining leases, covering approximately 510km2. The Tawny Project is located approximately 150km east/southeast of the capital Abuja in the state of Nasawarra.

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