Classic Minerals (ASX:CLZ) Total Assets: A$8.70 Mil (As of Dec. 2024)


What is Classic Minerals Total Assets?

Classic Minerals ASX:CLZ Total Assets is A$8.70 Mil as of Dec. 2024.

Classic Minerals's Total Assets for the quarter that ended in Dec. 2024 was A$8.70 Mil.

Total Assets is connected with ROA %. Classic Minerals's annualized ROA % for the quarter that ended in Dec. 2024 was -176.03%. Total Assets is also linked to Revenue through Asset Turnover. Classic Minerals's Asset Turnover for the quarter that ended in Dec. 2024 was 0.00.

Classic Minerals  (ASX:CLZ) Total Assets Explanation

Total Assets is connected with ROA %.

Classic Minerals's annualized ROA % for the quarter that ended in Dec. 2024 is

ROA %=Net Income (Q: Dec. 2024 )/( (Total Assets (Q: Jun. 2024 )+Total Assets (Q: Dec. 2024 ))/ count )
=-15.594/( (9.017+8.7)/ 2 )
=-15.594/8.8585
=-176.03 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2024) 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.

Classic Minerals's Asset Turnover for the quarter that ended in Dec. 2024 is

Asset Turnover
=Revenue (Q: Dec. 2024 )/( (Total Assets (Q: Jun. 2024 )+Total Assets (Q: Dec. 2024 ))/ count )
=0/( (9.017+8.7)/ 2 )
=0/8.8585
=0.00

* 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.

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.

Classic Minerals Total Assets Related Terms

Classic Minerals Total Assets Historical Data

* Premium members only.

The historical data trend for Classic Minerals'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.

Classic Minerals Total Assets Chart

Classic Minerals Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Total Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.40 12.34 10.25 10.07 9.02

Classic Minerals Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 12.69 10.07 10.02 9.02 8.70

Classic Minerals 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.

Classic Minerals'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 )
=-14.091+23.108
=9.02

Classic Minerals's Total Assets for the quarter that ended in Dec. 2024 is calculated as

Total Assets=Total Equity (Q: Dec. 2024 )+Total Liabilities (Q: Dec. 2024 )
=-21.066+29.767
=8.70

* 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.

Frequently Asked Questions Learn more about Total Assets →
What does a Total Assets of A$8.70 Mil mean?
Classic Minerals (ASX:CLZ) has a Total Assets of A$8.70 Mil as of Dec. 2024. The total amount of assets as recorded on a company's balance sheet. View historical data on Classic Minerals and its competitors.
Is Classic Minerals' Total Assets too high?
Classic Minerals' current Total Assets is A$8.70 Mil.
How does Classic Minerals' Total Assets compare to competitors?
Classic Minerals' Total Assets of A$8.70 Mil can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Assets for a Metals & Mining company?
A good Total Assets depends on the Metals & Mining industry context. However, Total Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Assets mean?
A high Total Assets can signal that a stock is expensive relative to its fundamentals. The total amount of assets as recorded on a company's balance sheet. View historical data on Classic Minerals and its competitors. Classic Minerals's current Total Assets is A$8.70 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Classic Minerals stock overvalued right now?
Classic Minerals (ASX:CLZ) has a current Total Assets of A$8.70 Mil. The current Total Assets is A$8.70 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Assets calculated?
Total Assets is calculated from a company's financial statements. For Classic Minerals (ASX:CLZ), the current Total Assets is A$8.70 Mil as of Dec. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Classic Minerals Business Description

Address 71 Furniss Road, Landsdale, Perth, WA, AUS, 6065
Classic Minerals Ltd is an Australian is an exploration and development company. The principal business activity of the company includes the exploration of mineral resource-based projects, focusing on nickel and gold metals. The company owns an interest in Forrestania Gold Project, Van Uden West prospect, Tangerine Trees Prospect, Fraser Range Project, and Flagship Kat Gap Project.