Iron Road (Iron Road) Total Assets : $90.29 Mil (As of Dec. 2023)

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What is Iron Road Total Assets?

Iron Road's Total Assets for the quarter that ended in Dec. 2023 was $90.29 Mil.

During the past 12 months, Iron Road's average Total Assets Growth Rate was 0.30% per year. During the past 3 years, the average Total Assets Growth Rate was 0.60% per year. During the past 5 years, the average Total Assets Growth Rate was 0.40% per year. During the past 10 years, the average Total Assets Growth Rate was 2.60% per year.

During the past 13 years, Iron Road's highest 3-Year average Total Assets Growth Rate was 326.60%. The lowest was 0.20%. And the median was 4.10%.

Total Assets is connected with ROA %. Iron Road's annualized ROA % for the quarter that ended in Dec. 2023 was -1.26%. Total Assets is also linked to Revenue through Asset Turnover. Iron Road's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Iron Road Total Assets Historical Data

The historical data trend for Iron Road'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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Iron Road Total Assets Chart

Iron Road Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Assets

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92.06

91.22

104.98

95.34

91.14

Iron Road 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															98.14	95.34	90.85	91.14	90.29

Iron Road 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.

Iron Road'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 )
	=	88.821	+	2.313
	=	91.13

Iron Road'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 )
	=	88.611	+	1.675
	=	90.29

Iron Road (OTCPK:IRNRF) Total Assets Explanation

Total Assets is connected with ROA %.

Iron Road'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 )
	=	-1.142	/	( (91.135	+	90.286)	/ 2 )
	=	-1.142	/	90.7105
	=	-1.26 %

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.

Iron Road'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	/	( (91.135	+	90.286)	/ 2 )
=	0	/	90.7105
=	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.

Iron Road Total Assets Related Terms

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Iron Road (Iron Road) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Iron Road Ltd (OTCPK:IRNRF) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

4OV:Germany IRD:Australia

Address

63 Pirie Street, Level 3, Adelaide, SA, AUS, 5000

Website

https://www.ironroadlimited.com.au

Iron Road Ltd. is a mineral exploration company, which explores iron ore in Australia. Its projects include the Central Eyre Iron and Gawler Iron. The Central Eyre Iron project consists of three prospects: Warramboo, Kopi, and Hambidge.

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