Deterra Royalties (ASX:DRR) Total Assets : A$100.7 Mil (As of Dec. 2023)

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What is Deterra Royalties Total Assets?

Deterra Royalties's Total Assets for the quarter that ended in Dec. 2023 was A$100.7 Mil.

During the past 12 months, Deterra Royalties's average Total Assets Growth Rate was 30.70% per year.

Total Assets is connected with ROA %. Deterra Royalties's annualized ROA % for the quarter that ended in Dec. 2023 was 147.01%. Total Assets is also linked to Revenue through Asset Turnover. Deterra Royalties's Asset Turnover for the quarter that ended in Dec. 2023 was 1.11.

Deterra Royalties Total Assets Historical Data

The historical data trend for Deterra Royalties'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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Deterra Royalties Total Assets Chart

Deterra Royalties Annual Data

Trend

Jun21

Jun22

Jun23

Total Assets

89.09

152.29

113.47

Deterra Royalties Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial			73.19	152.29	79.47	113.47	100.73

Deterra Royalties 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.

Deterra Royalties'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 )
	=	92.138	+	21.335
	=	113.5

Deterra Royalties'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 )
	=	82.316	+	18.409
	=	100.7

Deterra Royalties (ASX:DRR) Total Assets Explanation

Total Assets is connected with ROA %.

Deterra Royalties'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 )
	=	157.442	/	( (113.473	+	100.725)	/ 2 )
	=	157.442	/	107.099
	=	147.01 %

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.

Deterra Royalties'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 )
=	118.984	/	( (113.473	+	100.725)	/ 2 )
=	118.984	/	107.099
=	1.11

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.

Deterra Royalties Total Assets Related Terms

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Deterra Royalties (ASX:DRR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Deterra Royalties Ltd (ASX:DRR) » Definitions » Total Assets

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Traded in Other Exchanges

DETRF:USA

Address

140 St Georges Terrace, Level 16, Perth, WA, AUS, 6000

Website

https://www.iluka.com

Deterra Royalties was spun out from Iluka Resources in October 2020 with Iluka retaining a 20% interest. Its only material income generating asset is a royalty covering iron ore produced by BHP from the Mining Area C royalty area, located in the Pilbara region of Western Australia. The royalty area includes the North Flank mine, producing approximately 60 million metric tons of iron ore a year, and the South Flank mine, expected to add a further 85 million metric tons a year by 2024 after producing first ore in 2021. The MAC royalty area also covers most of the Tandanya and Mudlark deposits, which BHP intends to develop in the longer term as part of its plan to operate the MAC production hub for at least 50 years. Deterra's strategy is to grow into a diversified royalty company.