Resolute Mining (Resolute Mining) Total Assets : $853.1 Mil (As of Dec. 2023)

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What is Resolute Mining Total Assets?

Resolute Mining's Total Assets for the quarter that ended in Dec. 2023 was $853.1 Mil.

During the past 12 months, Resolute Mining's average Total Assets Growth Rate was 1.50% per year. During the past 3 years, the average Total Assets Growth Rate was -11.80% per year. During the past 5 years, the average Total Assets Growth Rate was -0.30% per year. During the past 10 years, the average Total Assets Growth Rate was 9.70% per year.

During the past 13 years, Resolute Mining's highest 3-Year average Total Assets Growth Rate was 65.00%. The lowest was -44.40%. And the median was 19.70%.

Total Assets is connected with ROA %. Resolute Mining's annualized ROA % for the quarter that ended in Dec. 2023 was -1.96%. Total Assets is also linked to Revenue through Asset Turnover. Resolute Mining's Asset Turnover for the quarter that ended in Dec. 2023 was 0.36.

Resolute Mining Total Assets Historical Data

The historical data trend for Resolute 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.

Resolute Mining Total Assets Chart

Resolute Mining Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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1,385.33

1,424.96

977.23

868.79

853.08

Resolute 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															977.23	908.92	868.79	830.20	853.08

Resolute 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.

Resolute Mining's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	542.173	+	310.905
	=	853.1

Resolute 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 )
	=	542.173	+	310.905
	=	853.1

Resolute Mining (OTCPK:RMGGF) Total Assets Explanation

Total Assets is connected with ROA %.

Resolute 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 )
	=	-16.53	/	( (830.203	+	853.078)	/ 2 )
	=	-16.53	/	841.6405
	=	-1.96 %

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.

Resolute 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 )
=	301.574	/	( (830.203	+	853.078)	/ 2 )
=	301.574	/	841.6405
=	0.36

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.

Resolute Mining Total Assets Related Terms

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Resolute Mining (Resolute Mining) Business Description

Industry

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

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RSG:UK RSM:Germany RSG:Australia

Address

152 St Georges Terrace, Level 37, Central Park Tower, Perth, WA, AUS, 6000

Website

https://www.rml.com.au

Resolute Mining Ltd is an Australia-based gold producer. Its principal activities include gold mining, prospecting, and exploration of minerals. The company organizes its operations into three main business divisions, namely: Mako (Senegal), and Syama (Mali). The firm generates the majority of its revenue from the Syama (Mali) segment. Syama is a robust, long-life asset comprising an underground mine and associated sulphide processing circuit, along with satellite open pit operations which provide ore feed to a separate oxide processing circuit. Mako is a high-quality, open-pit gold mine.