Evolution Mining (Evolution Mining) Total Assets : $5,521 Mil (As of Dec. 2023)

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What is Evolution Mining Total Assets?

Evolution Mining's Total Assets for the quarter that ended in Dec. 2023 was $5,521 Mil.

Warning Sign:

If a company builds assets at 22.1% a year, faster than its revenue growth rate of 6.7% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Evolution Mining's average Total Assets Growth Rate was 22.40% per year. During the past 3 years, the average Total Assets Growth Rate was 26.60% per year. During the past 5 years, the average Total Assets Growth Rate was 22.10% per year. During the past 10 years, the average Total Assets Growth Rate was 20.80% per year.

During the past 13 years, Evolution Mining's highest 3-Year average Total Assets Growth Rate was 337.20%. The lowest was -24.60%. And the median was 29.40%.

Total Assets is connected with ROA %. Evolution Mining's annualized ROA % for the quarter that ended in Dec. 2023 was 2.58%. Total Assets is also linked to Revenue through Asset Turnover. Evolution Mining's Asset Turnover for the quarter that ended in Dec. 2023 was 0.18.

Evolution Mining Total Assets Historical Data

The historical data trend for Evolution 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.

* Premium members only.

Evolution Mining Total Assets Chart

Evolution Mining Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Assets

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2,148.54

2,535.99

3,025.26

4,659.22

4,531.80

Evolution 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															3,949.50	4,659.22	4,653.79	4,531.80	5,520.89

Evolution 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.

Evolution 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 )
	=	2211.326	+	2320.476
	=	4,532

Evolution 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 )
	=	2575.297	+	2945.588
	=	5,521

Evolution Mining (OTCPK:CAHPF) Total Assets Explanation

Total Assets is connected with ROA %.

Evolution 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 )
	=	129.678	/	( (4531.802	+	5520.885)	/ 2 )
	=	129.678	/	5026.3435
	=	2.58 %

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.

Evolution 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 )
=	922.866	/	( (4531.802	+	5520.885)	/ 2 )
=	922.866	/	5026.3435
=	0.18

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.

Evolution Mining Total Assets Related Terms

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Evolution Mining (Evolution Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Evolution Mining Ltd (OTCPK:CAHPF) » Definitions » Total Assets

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WE7:Germany EVN:Australia

Address

175 Liverpool Street, Level 24, Sydney, NSW, AUS, 2000

Website

https://www.evolutionmining.com.au

Evolution Mining is an Australian-based gold miner. It sold around 650,000 ounces of gold in fiscal 2023 from five wholly owned mines in Australia and Canada. Formed in 2011 via the merger of Conquest Mining and Catalpa Resources and the purchase of Newcrest Mining's Mt Rawdon and Cracow mines, Evolution has acquired more mines and sold the generally less attractive, higher-cost mines. Cowal and Mungari were bought in 2015, with an initial interest in Glencore's Ernest Henry mine following in 2016, Red Lake in Canada in 2020, and the rest of Ernest Henry in 2022. It has also agreed to buy an 80% stake in the Northparkes copper and gold mine in New South Wales, likely effective January 2024. It had roughly 13 years of gold reserves at end fiscal 2023.