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Caspin Resources (ASX:CPN) Total Assets : A$2.56 Mil (As of Dec. 2023)


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What is Caspin Resources Total Assets?

Caspin Resources's Total Assets for the quarter that ended in Dec. 2023 was A$2.56 Mil.

During the past 12 months, Caspin Resources's average Total Assets Growth Rate was -37.00% per year.

Total Assets is connected with ROA %. Caspin Resources's annualized ROA % for the quarter that ended in Dec. 2023 was -99.55%. Total Assets is also linked to Revenue through Asset Turnover. Caspin Resources's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.


Caspin Resources Total Assets Historical Data

The historical data trend for Caspin 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.

* Premium members only.

Caspin Resources Total Assets Chart

Caspin Resources Annual Data
Trend Jun21 Jun22 Jun23
Total Assets
9.89 9.40 4.62

Caspin Resources Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Total Assets Get a 7-Day Free Trial 19.26 9.40 5.05 4.62 2.56

Caspin 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.

Caspin 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 )
=3.362+1.26
=4.62

Caspin 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 )
=2.154+0.404
=2.56

* 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.


Caspin Resources  (ASX:CPN) Total Assets Explanation

Total Assets is connected with ROA %.

Caspin 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 )
=-3.574/( (4.622+2.558)/ 2 )
=-3.574/3.59
=-99.55 %

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.

Caspin 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/( (4.622+2.558)/ 2 )
=0/3.59
=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.

Caspin Resources Total Assets Related Terms

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Caspin Resources Business Description

Traded in Other Exchanges
N/A
Address
675 Murray Street, Ground Floor, West Perth, Perth, WA, AUS, 6005
Caspin Resources Ltd is a mining company engaged in mineral exploration and assessment of mineral projects. The company operates geographically in Australia. Its projects include Mount Squires Gold Project; and Yarawindah Brook Project which is focused on nickel, copper, cobalt, and gold mining.

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