Australasian Metals (ASX:A8G) Total Assets : A$7.51 Mil (As of Dec. 2023)

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What is Australasian Metals Total Assets?

Australasian Metals's Total Assets for the quarter that ended in Dec. 2023 was A$7.51 Mil.

During the past 12 months, Australasian Metals's average Total Assets Growth Rate was 40.90% per year. During the past 3 years, the average Total Assets Growth Rate was 70.60% per year.

During the past 4 years, Australasian Metals's highest 3-Year average Total Assets Growth Rate was 70.60%. The lowest was 70.60%. And the median was 70.60%.

Total Assets is connected with ROA %. Australasian Metals's annualized ROA % for the quarter that ended in Dec. 2023 was -3.06%. Total Assets is also linked to Revenue through Asset Turnover. Australasian Metals's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Australasian Metals Total Assets Historical Data

The historical data trend for Australasian 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.

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Australasian Metals Total Assets Chart

Australasian Metals Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Total Assets

6.42

6.16

7.72

7.41

Australasian Metals Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial			8.10	7.72	7.30	7.41	7.51

Australasian 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.

Australasian 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 )
	=	7.187	+	0.219
	=	7.41

Australasian 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 )
	=	7.349	+	0.161
	=	7.51

Australasian Metals (ASX:A8G) Total Assets Explanation

Total Assets is connected with ROA %.

Australasian 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 )
	=	-0.228	/	( (7.407	+	7.51)	/ 2 )
	=	-0.228	/	7.4585
	=	-3.06 %

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.

Australasian 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	/	( (7.407	+	7.51)	/ 2 )
=	0	/	7.4585
=	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.

Australasian Metals Total Assets Related Terms

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Australasian Metals (ASX:A8G) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Australasian Metals Ltd (ASX:A8G) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

123B Colin Street, Unit 34, Level 5, West Perth, Perth, WA, AUS, 6008

Website

https://www.australasiangold.com

Australasian Metals Ltd is a gold and lithium exploration company focused on projects in Australia. It holds three projects namely May Queen gold project, Mt Clermont gold project, the Fairview gold project, and the Mt Peake Lithium Project.

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