Carnavale Resources (ASX:CAV) Total Assets : A$11.95 Mil (As of Dec. 2023)

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What is Carnavale Resources Total Assets?

Carnavale Resources's Total Assets for the quarter that ended in Dec. 2023 was A$11.95 Mil.

During the past 12 months, Carnavale Resources's average Total Assets Growth Rate was 27.10% per year. During the past 3 years, the average Total Assets Growth Rate was 41.50% per year. During the past 5 years, the average Total Assets Growth Rate was 48.40% per year. During the past 10 years, the average Total Assets Growth Rate was 67.70% per year.

During the past 13 years, Carnavale Resources's highest 3-Year average Total Assets Growth Rate was 257.80%. The lowest was -82.60%. And the median was 40.90%.

Total Assets is connected with ROA %. Carnavale Resources's annualized ROA % for the quarter that ended in Dec. 2023 was -11.31%. Total Assets is also linked to Revenue through Asset Turnover. Carnavale Resources's Asset Turnover for the quarter that ended in Dec. 2023 was 0.01.

Carnavale Resources Total Assets Historical Data

The historical data trend for Carnavale 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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Carnavale Resources Total Assets Chart

Carnavale Resources Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Total Assets

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2.25

7.15

9.49

8.98

11.49

Carnavale Resources Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Total Assets	Get a 7-Day Free Trial															9.49	9.09	8.98	11.95	11.49

Carnavale 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.

Carnavale Resources's Total Assets for the fiscal year that ended in Jun. 2024 is calculated as

Total Assets	=	Total Equity (A: Jun. 2024 )	+	Total Liabilities (A: Jun. 2024 )
	=	11.153	+	0.338
	=	11.49

Carnavale 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 )
	=	11.352	+	0.598
	=	11.95

Carnavale Resources (ASX:CAV) Total Assets Explanation

Total Assets is connected with ROA %.

Carnavale 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 )
	=	-1.184	/	( (8.98	+	11.95)	/ 2 )
	=	-1.184	/	10.465
	=	-11.31 %

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.

Carnavale 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 )
=	0.07	/	( (8.98	+	11.95)	/ 2 )
=	0.07	/	10.465
=	0.01

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.

Carnavale Resources Total Assets Related Terms

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Carnavale Resources Business Description

Industry

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

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Traded in Other Exchanges

YBB:Germany

Address

389 Oxford Street, Level 2, Suite 9, Mount Hawthorn, Perth, WA, AUS, 6016

Website

https://www.carnavaleresources.com

Carnavale Resources Ltd is a mineral exploration company that focuses on exploring minerals associated with the electric battery sector and other technologies along with gold and copper. The projects of the company include Grey Dam Nickel-Cobalt Project; Mt Alexander (Barracuda Ni-Cu-Co-PGE) Project, Ora Banda South Project and Kookynie high-grade Gold project. Its operating segment includes Investing activities in Australia and Mineral Exploration in Australia. The company generates revenue from Mineral Exploration activities in Australia.

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