West Wits Mining (ASX:WWI) Total Assets : A$26.28 Mil (As of Dec. 2023)

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What is West Wits Mining Total Assets?

West Wits Mining's Total Assets for the quarter that ended in Dec. 2023 was A$26.28 Mil.

During the past 12 months, West Wits Mining's average Total Assets Growth Rate was -3.70% per year. During the past 3 years, the average Total Assets Growth Rate was 31.20% per year. During the past 5 years, the average Total Assets Growth Rate was 8.80% per year. During the past 10 years, the average Total Assets Growth Rate was 0.90% per year.

During the past 13 years, West Wits Mining's highest 3-Year average Total Assets Growth Rate was 31.20%. The lowest was -14.90%. And the median was -5.90%.

Total Assets is connected with ROA %. West Wits Mining's annualized ROA % for the quarter that ended in Dec. 2023 was -6.76%. Total Assets is also linked to Revenue through Asset Turnover. West Wits Mining's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

West Wits Mining Total Assets Historical Data

The historical data trend for West Wits 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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West Wits Mining Total Assets Chart

West Wits Mining Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Assets

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13.81

12.09

15.49

27.28

25.93

West Wits Mining 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															0.03	27.28	26.80	25.93	26.28

West Wits 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.

West Wits Mining'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 )
	=	22.787	+	3.143
	=	25.93

West Wits Mining'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 )
	=	23.382	+	2.9
	=	26.28

West Wits Mining (ASX:WWI) Total Assets Explanation

Total Assets is connected with ROA %.

West Wits Mining'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 )
	=	-1.766	/	( (25.93	+	26.282)	/ 2 )
	=	-1.766	/	26.106
	=	-6.76 %

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.

West Wits Mining'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 )
=	0.021	/	( (25.93	+	26.282)	/ 2 )
=	0.021	/	26.106
=	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.

West Wits Mining Total Assets Related Terms

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West Wits Mining (ASX:WWI) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » West Wits Mining Ltd (ASX:WWI) » Definitions » Total Assets

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WMWWF:USA

Address

400 Collins Street, Level 6, Melbourne, VIC, AUS, 3000

Website

https://www.westwitsmining.com

West Wits Mining Ltd is an exploration and development company. It focuses on conglomerate gold in two regions, Pilbara and Witwatersrand. The reportable segments of the company are based on the geographic locations of South Africa and Australia. Mining and exploration activities are carried out in South African segments, whereas the Australian segment reflects only the administrative arm of the business that supports the mining and exploration activities in the other two geographical locations. The projects operated by the company are Mt Cecelia, Tambina, Witwatersrand Basin, and Derewo River Gold project. The company operates in one operating segment which is mining & exploration. Geographically it operates in South Africa, Indonesia and Australia.

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