Diatreme Resources (ASX:DRX) Total Assets : A$54.21 Mil (As of Jun. 2023)

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What is Diatreme Resources Total Assets?

Diatreme Resources's Total Assets for the quarter that ended in Jun. 2023 was A$54.21 Mil.

During the past 12 months, Diatreme Resources's average Total Assets Growth Rate was 38.40% per year. During the past 3 years, the average Total Assets Growth Rate was 35.20% per year. During the past 5 years, the average Total Assets Growth Rate was 22.10% per year. During the past 10 years, the average Total Assets Growth Rate was 5.40% per year.

During the past 13 years, Diatreme Resources's highest 3-Year average Total Assets Growth Rate was 53.50%. The lowest was -13.80%. And the median was 6.80%.

Total Assets is connected with ROA %. Diatreme Resources's annualized ROA % for the quarter that ended in Jun. 2023 was -4.16%. Total Assets is also linked to Revenue through Asset Turnover. Diatreme Resources's Asset Turnover for the quarter that ended in Jun. 2023 was 0.00.

Diatreme Resources Total Assets Historical Data

The historical data trend for Diatreme 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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Diatreme Resources Total Assets Chart

Diatreme Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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19.88

25.62

33.14

55.33

66.53

Diatreme Resources 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															33.14	46.14	55.33	54.21	66.53

Diatreme 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.

Diatreme Resources's Total Assets for the fiscal year that ended in Dec. 2022 is calculated as

Total Assets	=	Total Equity (A: Dec. 2022 )	+	Total Liabilities (A: Dec. 2022 )
	=	52.746	+	2.588
	=	55.33

Diatreme Resources's Total Assets for the quarter that ended in Jun. 2023 is calculated as

Total Assets	=	Total Equity (Q: Jun. 2023 )	+	Total Liabilities (Q: Jun. 2023 )
	=	51.886	+	2.327
	=	54.21

Diatreme Resources (ASX:DRX) Total Assets Explanation

Total Assets is connected with ROA %.

Diatreme Resources's annualized ROA % for the quarter that ended in Jun. 2023 is

ROA %	=	Net Income (Q: Jun. 2023 )	/	( (Total Assets (Q: Dec. 2022 )	+	Total Assets (Q: Jun. 2023 ))	/ count )
	=	-2.276	/	( (55.334	+	54.213)	/ 2 )
	=	-2.276	/	54.7735
	=	-4.16 %

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

Diatreme Resources's Asset Turnover for the quarter that ended in Jun. 2023 is

	Asset Turnover
=	Revenue (Q: Jun. 2023 )	/	( (Total Assets (Q: Dec. 2022 )	+	Total Assets (Q: Jun. 2023 ))	/ count )
=	0.207	/	( (55.334	+	54.213)	/ 2 )
=	0.207	/	54.7735
=	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.

Diatreme Resources Total Assets Related Terms

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Diatreme Resources (ASX:DRX) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

55-61 Holdsworth Street, Unit 8, Coorparoo, Brisbane, QLD, AUS, 4151

Website

https://www.diatreme.com.au

Diatreme Resources Ltd is engaged in exploring heavy mineral sands, copper, gold and base metals in Australia. The company's projects include Cyclone Zircon Project, Galalar Silica Project, Clermont Copper/Gold Project and others.

Diatreme Resources (ASX:DRX) Headlines

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