Horizon Gold (ASX:HRN) Total Assets : A$45.35 Mil (As of Dec. 2023)

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What is Horizon Gold Total Assets?

Horizon Gold's Total Assets for the quarter that ended in Dec. 2023 was A$45.35 Mil.

During the past 12 months, Horizon Gold's average Total Assets Growth Rate was 6.00% per year. During the past 3 years, the average Total Assets Growth Rate was 13.90% per year. During the past 5 years, the average Total Assets Growth Rate was 21.30% per year.

During the past 7 years, Horizon Gold's highest 3-Year average Total Assets Growth Rate was 27.70%. The lowest was 0.50%. And the median was 20.55%.

Total Assets is connected with ROA %. Horizon Gold's annualized ROA % for the quarter that ended in Dec. 2023 was -5.19%. Total Assets is also linked to Revenue through Asset Turnover. Horizon Gold's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Horizon Gold Total Assets Historical Data

The historical data trend for Horizon 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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Horizon Gold Total Assets Chart

Horizon Gold Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Assets

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21.94

27.61

36.44

41.97

40.75

Horizon Gold Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial										35.62	41.97	41.54	40.75	45.35

Horizon 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.

Horizon 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 )
	=	28.805	+	11.942
	=	40.75

Horizon 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 )
	=	33.032	+	12.322
	=	45.35

Horizon Gold (ASX:HRN) Total Assets Explanation

Total Assets is connected with ROA %.

Horizon 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 )
	=	-2.234	/	( (40.747	+	45.354)	/ 2 )
	=	-2.234	/	43.0505
	=	-5.19 %

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.

Horizon 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	/	( (40.747	+	45.354)	/ 2 )
=	0	/	43.0505
=	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.

Horizon Gold Total Assets Related Terms

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Horizon Gold (ASX:HRN) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

47 Havelock Street, Suite 8, Level 3, West Perth, WA, AUS, 6005

Website

https://www.horizongold.com.au

Horizon Gold Ltd is a gold mining company. It is engaged in the acquisition, exploration, and development of gold reserves of the Gum Creek Gold Project in Western Australia. The project covers the Gum Creek Greenstone Belt located within the Southern Cross Province of the Youanmi Terrane In Yilgarn Craton in Western Australia.

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