Tanami Gold NL (ASX:TAM) Total Assets : A$53.28 Mil (As of Dec. 2023)

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What is Tanami Gold NL Total Assets?

Tanami Gold NL's Total Assets for the quarter that ended in Dec. 2023 was A$53.28 Mil.

During the past 12 months, Tanami Gold NL's average Total Assets Growth Rate was 0.70% per year. During the past 3 years, the average Total Assets Growth Rate was 8.70% per year. During the past 5 years, the average Total Assets Growth Rate was 3.10% per year. During the past 10 years, the average Total Assets Growth Rate was -10.70% per year.

During the past 13 years, Tanami Gold NL's highest 3-Year average Total Assets Growth Rate was 143.10%. The lowest was -50.60%. And the median was 7.70%.

Total Assets is connected with ROA %. Tanami Gold NL's annualized ROA % for the quarter that ended in Dec. 2023 was -13.27%. Total Assets is also linked to Revenue through Asset Turnover. Tanami Gold NL's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Tanami Gold NL Total Assets Historical Data

The historical data trend for Tanami Gold 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.

* Premium members only.

Tanami Gold NL Total Assets Chart

Tanami Gold NL Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Assets

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49.66

51.08

48.65

57.99

57.00

Tanami Gold NL 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															60.75	57.99	57.54	57.00	53.28

Tanami Gold 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.

Tanami Gold 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 )
	=	52.196	+	4.805
	=	57.00

Tanami Gold 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 )
	=	49.088	+	4.191
	=	53.28

Tanami Gold NL (ASX:TAM) Total Assets Explanation

Total Assets is connected with ROA %.

Tanami Gold 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 )
	=	-7.316	/	( (57.001	+	53.279)	/ 2 )
	=	-7.316	/	55.14
	=	-13.27 %

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.

Tanami Gold 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	/	( (57.001	+	53.279)	/ 2 )
=	0	/	55.14
=	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.

Tanami Gold NL Total Assets Related Terms

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Tanami Gold NL (ASX:TAM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Tanami Gold NL (ASX:TAM) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

39 Mends Street, Unit 202, Level 2, Echelon, South Perth, Perth, WA, AUS, 6151

Website

https://www.tanami.com.au

Tanami Gold NL is a mineral exploration company that is engaged in gold mining operations. Its principal activity is to develop its Central Tanami Project in the Tanami Desert in the Northern Territory.

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