Anax Metals (ASX:ANX) Total Assets : A$38.82 Mil (As of Dec. 2023)

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What is Anax Metals Total Assets?

Anax Metals's Total Assets for the quarter that ended in Dec. 2023 was A$38.82 Mil.

During the past 12 months, Anax Metals's average Total Assets Growth Rate was 7.10% per year. During the past 3 years, the average Total Assets Growth Rate was 640.80% per year. During the past 5 years, the average Total Assets Growth Rate was 110.80% per year. During the past 10 years, the average Total Assets Growth Rate was 27.80% per year.

During the past 13 years, Anax Metals's highest 3-Year average Total Assets Growth Rate was 640.80%. The lowest was -75.60%. And the median was 38.20%.

Total Assets is connected with ROA %. Anax Metals's annualized ROA % for the quarter that ended in Dec. 2023 was -7.31%. Total Assets is also linked to Revenue through Asset Turnover. Anax Metals's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Anax Metals Total Assets Historical Data

The historical data trend for Anax 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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Anax Metals Total Assets Chart

Anax Metals Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Assets

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2.76

5.84

35.57

40.14

36.67

Anax 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	Get a 7-Day Free Trial															39.19	40.14	38.92	36.67	38.82

Anax 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.

Anax 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 )
	=	17.006	+	19.667
	=	36.67

Anax 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 )
	=	18.614	+	20.207
	=	38.82

Anax Metals (ASX:ANX) Total Assets Explanation

Total Assets is connected with ROA %.

Anax 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 )
	=	-2.76	/	( (36.673	+	38.821)	/ 2 )
	=	-2.76	/	37.747
	=	-7.31 %

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.

Anax 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 )
=	0.007	/	( (36.673	+	38.821)	/ 2 )
=	0.007	/	37.747
=	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.

Anax Metals Total Assets Related Terms

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Anax Metals (ASX:ANX) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

20 Kings Park Road, Suite 1B, Ground Floor, West Perth, Perth, WA, AUS, 6005

Website

https://www.anaxmetals.com.au

Anax Metals Ltd is a mineral exploration company. It explores gold and base metal. Its Project includes Whim Creek project, Mount Short project and Loudens Patch project. Geographically the company operates within Australia. The company operates as one segment which is mineral exploration and evaluation within Australia.

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