Resource Development Group (ASX:RDG) Total Assets : A$275.44 Mil (As of Dec. 2023)

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What is Resource Development Group Total Assets?

Resource Development Group's Total Assets for the quarter that ended in Dec. 2023 was A$275.44 Mil.

During the past 12 months, Resource Development Group's average Total Assets Growth Rate was 37.00% per year. During the past 3 years, the average Total Assets Growth Rate was 50.40% per year. During the past 5 years, the average Total Assets Growth Rate was 84.10% per year. During the past 10 years, the average Total Assets Growth Rate was 31.30% per year.

During the past 13 years, Resource Development Group's highest 3-Year average Total Assets Growth Rate was 102.80%. The lowest was -31.30%. And the median was 28.35%.

Total Assets is connected with ROA %. Resource Development Group's annualized ROA % for the quarter that ended in Dec. 2023 was 4.82%. Total Assets is also linked to Revenue through Asset Turnover. Resource Development Group's Asset Turnover for the quarter that ended in Dec. 2023 was 0.20.

Resource Development Group Total Assets Historical Data

The historical data trend for Resource Development Group'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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Resource Development Group Total Assets Chart

Resource Development Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Assets

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29.98

79.07

119.97

173.78

236.49

Resource Development Group 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															135.98	173.78	206.73	236.49	275.44

Resource Development Group 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.

Resource Development Group'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 )
	=	107.225	+	129.262
	=	236.49

Resource Development Group'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 )
	=	118.797	+	156.641
	=	275.44

Resource Development Group (ASX:RDG) Total Assets Explanation

Total Assets is connected with ROA %.

Resource Development Group'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 )
	=	12.346	/	( (236.487	+	275.437)	/ 2 )
	=	12.346	/	255.962
	=	4.82 %

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.

Resource Development Group'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 )
=	51.011	/	( (236.487	+	275.437)	/ 2 )
=	51.011	/	255.962
=	0.20

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.

Resource Development Group Total Assets Related Terms

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Resource Development Group (ASX:RDG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Resource Development Group Ltd (ASX:RDG) » Definitions » Total Assets

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Address

Level 3, 14 Walters Drive, Osborne Park, Perth, WA, AUS, 6017

Website

https://www.resdevgroup.com.au

Resource Development Group Ltd provides contracting, remedial and construction services to the mining and oil and gas sectors within Australia as well as residential building and development. Its business division includes the Construction segment generating, a majority of the firm's revenue. The company provides multi-disciplinary construction services; ancillary, remedial, and protective maintenance services; EPCM, PMC, or integrated team project delivery solutions; EPC project delivery solutions; design and construct package delivery solutions, and optimizing services. It also provides services to the resource, infrastructure, energy, government, utilities and defence sectors within Australia.

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