Southern Cross Gold (ASX:SXG) Total Assets : A$30.93 Mil (As of Nov. 2023)

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What is Southern Cross Gold Total Assets?

Southern Cross Gold's Total Assets for the quarter that ended in Nov. 2023 was A$30.93 Mil.

During the past 12 months, Southern Cross Gold's average Total Assets Growth Rate was 51.70% per year.

Total Assets is connected with ROA %. Southern Cross Gold's annualized ROA % for the quarter that ended in Nov. 2023 was -27.88%. Total Assets is also linked to Revenue through Asset Turnover. Southern Cross Gold's Asset Turnover for the quarter that ended in Nov. 2023 was 0.00.

Southern Cross Gold Total Assets Historical Data

The historical data trend for Southern Cross Gold'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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Southern Cross Gold Total Assets Chart

Southern Cross Gold Annual Data

Trend

May23

Total Assets

32.76

Southern Cross Gold Semi-Annual Data
	Dec21	Nov22	May23	Nov23
Total Assets	20.18	33.02	32.76	30.93

Southern Cross Gold 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.

Southern Cross Gold's Total Assets for the fiscal year that ended in May. 2023 is calculated as

Total Assets	=	Total Equity (A: May. 2023 )	+	Total Liabilities (A: May. 2023 )
	=	31.18	+	1.579
	=	32.76

Southern Cross Gold's Total Assets for the quarter that ended in Nov. 2023 is calculated as

Total Assets	=	Total Equity (Q: Nov. 2023 )	+	Total Liabilities (Q: Nov. 2023 )
	=	29.496	+	1.435
	=	30.93

Southern Cross Gold (ASX:SXG) Total Assets Explanation

Total Assets is connected with ROA %.

Southern Cross Gold's annualized ROA % for the quarter that ended in Nov. 2023 is

ROA %	=	Net Income (Q: Nov. 2023 )	/	( (Total Assets (Q: May. 2023 )	+	Total Assets (Q: Nov. 2023 ))	/ count )
	=	-8.878	/	( (32.758	+	30.931)	/ 2 )
	=	-8.878	/	31.8445
	=	-27.88 %

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

Southern Cross Gold's Asset Turnover for the quarter that ended in Nov. 2023 is

	Asset Turnover
=	Revenue (Q: Nov. 2023 )	/	( (Total Assets (Q: May. 2023 )	+	Total Assets (Q: Nov. 2023 ))	/ count )
=	0	/	( (32.758	+	30.931)	/ 2 )
=	0	/	31.8445
=	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.

Southern Cross Gold Total Assets Related Terms

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Southern Cross Gold (ASX:SXG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Southern Cross Gold Ltd (ASX:SXG) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

459 Collins Street, Level 21, Melbourne, VIC, AUS, 3000

Website

https://www.southerncrossgold.com.au

Southern Cross Gold Ltd is a mining exploration company focused on gold exploration with projects in Victoria and Queensland, Australia. Its projects include Sunday Creek, Whroo, Redcastle, and Mt Isa.

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