Ardea Resources (ASX:ARL) Total Assets : A$60.08 Mil (As of Dec. 2023)

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What is Ardea Resources Total Assets?

Ardea Resources's Total Assets for the quarter that ended in Dec. 2023 was A$60.08 Mil.

During the past 12 months, Ardea Resources's average Total Assets Growth Rate was 20.20% per year. During the past 3 years, the average Total Assets Growth Rate was 16.50% per year. During the past 5 years, the average Total Assets Growth Rate was 10.20% per year.

During the past 6 years, Ardea Resources's highest 3-Year average Total Assets Growth Rate was 16.50%. The lowest was 1.80%. And the median was 14.10%.

Total Assets is connected with ROA %. Ardea Resources's annualized ROA % for the quarter that ended in Dec. 2023 was -12.01%. Total Assets is also linked to Revenue through Asset Turnover. Ardea Resources's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Ardea Resources Total Assets Historical Data

The historical data trend for Ardea Resources'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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Ardea Resources Total Assets Chart

Ardea Resources Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Assets

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38.28

33.50

36.10

50.60

47.78

Ardea Resources Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial								33.88	50.60	48.96	47.78	60.08

Ardea Resources 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.

Ardea Resources'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 )
	=	45.866	+	1.918
	=	47.78

Ardea Resources'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 )
	=	58.285	+	1.79
	=	60.08

Ardea Resources (ASX:ARL) Total Assets Explanation

Total Assets is connected with ROA %.

Ardea Resources'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 )
	=	-6.476	/	( (47.784	+	60.075)	/ 2 )
	=	-6.476	/	53.9295
	=	-12.01 %

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.

Ardea Resources'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	/	( (47.784	+	60.075)	/ 2 )
=	0	/	53.9295
=	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.

Ardea Resources Total Assets Related Terms

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Ardea Resources (ASX:ARL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ardea Resources Ltd (ASX:ARL) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

ARRRF:USA A91:Germany

Address

45 Ord Street, Suite 2, West Perth, Perth, WA, AUS, 6005

Website

https://www.ardearesources.com.au

Ardea Resources Ltd is a mineral exploration company. It is focused on cobalt, nickel and scandium project and gold exploration. The company holds interests in the Goongarrie Nickel-Cobalt Project and, Kalgoorlie Nickel Project.