Far East Gold (ASX:FEG) Total Assets : A$34.28 Mil (As of Dec. 2023)

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What is Far East Gold Total Assets?

Far East Gold's Total Assets for the quarter that ended in Dec. 2023 was A$34.28 Mil.

During the past 12 months, Far East Gold's average Total Assets Growth Rate was 44.10% per year.

Total Assets is connected with ROA %. Far East Gold's annualized ROA % for the quarter that ended in Dec. 2023 was -5.10%. Total Assets is also linked to Revenue through Asset Turnover. Far East Gold's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Far East Gold Total Assets Historical Data

The historical data trend for Far East Gold'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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Far East Gold Total Assets Chart

Far East Gold Annual Data

Trend

Jun22

Jun23

Total Assets

25.39

30.97

Far East Gold Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	22.57	25.39	30.86	30.97	34.28

Far East Gold 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.

Far East Gold'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 )
	=	28.601	+	2.37
	=	30.97

Far East Gold'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 )
	=	32.795	+	1.487
	=	34.28

Far East Gold (ASX:FEG) Total Assets Explanation

Total Assets is connected with ROA %.

Far East Gold'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 )
	=	-1.664	/	( (30.971	+	34.282)	/ 2 )
	=	-1.664	/	32.6265
	=	-5.10 %

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.

Far East Gold'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	/	( (30.971	+	34.282)	/ 2 )
=	0	/	32.6265
=	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.

Far East Gold Total Assets Related Terms

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Far East Gold (ASX:FEG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Far East Gold Ltd (ASX:FEG) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

324 Queen Street, Level 18, Brisbane, QLD, AUS, 4000

Website

https://www.fareast.gold

Far East Gold Ltd is engaged in the exploration of minerals. The group operates in two segments namely Australia and Indonesia. Its projects include Hill 212, Blue Grass creek, Mount Clark west, Woyla, Wonogiri, and Trenggalek.

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