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Equinox Resources (ASX:EQN) Total Assets : A$15.90 Mil (As of Jun. 2023)


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What is Equinox Resources Total Assets?

Equinox Resources's Total Assets for the quarter that ended in Jun. 2023 was A$15.90 Mil.

During the past 12 months, Equinox Resources's average Total Assets Growth Rate was 8.70% per year.

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

Equinox Resources Total Assets Historical Data

The historical data trend for Equinox 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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Equinox Resources Total Assets Chart

Equinox Resources Annual Data
Trend Jun22 Jun23
Total Assets
16.81 15.90

Equinox Resources Quarterly Data
Dec21 Jun22 Dec22 Jun23 Dec23
Total Assets - 16.81 - 15.90 -

Equinox 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.

Equinox 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 )
=15.424+0.48
=15.90

Equinox 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 )
=15.424+0.48
=15.90

* 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.

Equinox Resources  (ASX:EQN) Total Assets Explanation

Total Assets is connected with ROA %.

Equinox 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 )
=0/( (0+15.904)/ 1 )
=0/15.904
=0.00 %

Note: The Net Income data used here is four times the quarterly (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.

Equinox 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/( (0+15.904)/ 1 )
=0/15.904
=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.

Equinox Resources Total Assets Related Terms

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Equinox Resources (ASX:EQN) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Equinox Resources Ltd (ASX:EQN) » Definitions » Total Assets
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Traded in Other Exchanges
N/A
Address
182 St George's Terrace, Level 50, Perth, WA, AUS, 6000
Website
https://www.eqnx.com.au
Equinox Resources Ltd is a mineral exploration appraising and development company. It owns interests in the Hamersley Iron Ore Project is located north of Tom Price in the Pilbara region of Western Australia.

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