Hastings Technology Metals (ASX:HAS) Total Assets

: A$465.67 Mil (As of Dec. 2023)

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Hastings Technology Metals's Total Assets for the quarter that ended in Dec. 2023 was A$465.67 Mil.

During the past 12 months, Hastings Technology Metals's average Total Assets Growth Rate was 34.10% per year. During the past 3 years, the average Total Assets Growth Rate was 55.80% per year. During the past 5 years, the average Total Assets Growth Rate was 40.10% per year. During the past 10 years, the average Total Assets Growth Rate was 35.00% per year.

During the past 13 years, Hastings Technology Metals's highest 3-Year average Total Assets Growth Rate was 119.10%. The lowest was 13.10%. And the median was 35.90%.

Total Assets is connected with ROA %. Hastings Technology Metals's annualized ROA % for the quarter that ended in Dec. 2023 was -5.52%. Total Assets is also linked to Revenue through Asset Turnover. Hastings Technology Metals's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Hastings Technology Metals Total Assets Historical Data

The historical data trend for Hastings Technology Metals'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.

Hastings Technology Metals Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Assets

106.23

113.87

225.91

298.34

493.42

Hastings Technology Metals 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																223.72	298.34	487.41	493.42	465.67

Hastings Technology Metals 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.

Hastings Technology Metals'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 )
	=	315.173	+	178.25
	=	493.42

Hastings Technology Metals'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 )
	=	293.941	+	171.728
	=	465.67

Hastings Technology Metals (ASX:HAS) Total Assets Explanation

Total Assets is connected with ROA %.

Hastings Technology Metals'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 )
	=	-26.494	/	( (493.422	+	465.669)	/ 2 )
	=	-26.494	/	479.5455
	=	-5.52 %

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.

Hastings Technology Metals'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	/	( (493.422	+	465.669)	/ 2 )
=	0	/	479.5455
=	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.

Hastings Technology Metals Total Assets Related Terms

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Hastings Technology Metals (ASX:HAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Hastings Technology Metals Ltd (ASX:HAS) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

HSRMF:USA 5AM:Germany

Address

197 St Georges Terrace, Level 6, Perth, WA, AUS, 6000

Website

https://www.hastingstechmetals.com

Hastings Technology Metals Ltd engages in the exploration of rare earth metals and natural resources. It holds interests in the Yangibana rare earth project located in the Gascoyne region of Western Australia covering an area of approximately 650 square kilometres; and the Brockman project located in the East Kimberley region of Western Australia which comprises resources of the rare metals zircon, niobium and tantalum, and the heavy rare earth yttrium.