Far Northern Resources (ASX:FNR) Total Assets : A$9.03 Mil (As of Dec. 2024)

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What is Far Northern Resources Total Assets?

Far Northern Resources's Total Assets for the quarter that ended in Dec. 2024 was A$9.03 Mil.

During the past 12 months, Far Northern Resources's average Total Assets Growth Rate was 297.90% per year.

Total Assets is connected with ROA %. Far Northern Resources's annualized ROA % for the quarter that ended in Dec. 2024 was -7.87%. Total Assets is also linked to Revenue through Asset Turnover. Far Northern Resources's Asset Turnover for the quarter that ended in Dec. 2024 was 0.00.

Far Northern Resources Total Assets Historical Data

The historical data trend for Far Northern 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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Far Northern Resources Total Assets Chart

Far Northern Resources Annual Data

Trend

Jun21

Jun22

Jun24

Total Assets

1.66

1.52

9.42

Far Northern Resources Semi-Annual Data
	Jun21	Jun22	Jun24	Dec24
Total Assets	1.66	1.52	9.42	9.03

Far Northern 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.

Far Northern Resources'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 )
	=	9.222	+	0.202
	=	9.42

Far Northern Resources'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 )
	=	8.863	+	0.169
	=	9.03

Far Northern Resources (ASX:FNR) Total Assets Explanation

Total Assets is connected with ROA %.

Far Northern Resources'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 )
	=	-0.726	/	( (9.424	+	9.032)	/ 2 )
	=	-0.726	/	9.228
	=	-7.87 %

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.

Far Northern Resources'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	/	( (9.424	+	9.032)	/ 2 )
=	0	/	9.228
=	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 Northern Resources Total Assets Related Terms

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Far Northern Resources Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

107 Alfred Street, Unit D, Fortitude Valley, QLD, AUS, 4006

Website

https://www.farnorthernresources.com

Far Northern Resources Ltd is a Queensland-based, gold and base metals exploration company. It holds a majority interest in two resource licenses. Its activities over the last few years have been focused on the exploration of ML 20380, a mining lease held by Premier. Its projects include the Bridge Creek Project, Empire Project and Rocks Reef Project.

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