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High-Tech Metals (ASX:HTM) Total Assets : A$4.50 Mil (As of Dec. 2023)


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What is High-Tech Metals Total Assets?

High-Tech Metals's Total Assets for the quarter that ended in Dec. 2023 was A$4.50 Mil.

During the past 12 months, High-Tech Metals's average Total Assets Growth Rate was 3175.00% per year.

Total Assets is connected with ROA %. High-Tech Metals's annualized ROA % for the quarter that ended in Dec. 2023 was -14.50%. Total Assets is also linked to Revenue through Asset Turnover. High-Tech Metals's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

High-Tech Metals Total Assets Historical Data

The historical data trend for High-Tech Metals'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.

* Premium members only.

High-Tech Metals Total Assets Chart

High-Tech Metals Annual Data
Trend Jun23 Jun24
Total Assets
4.85 3.73

High-Tech Metals Semi-Annual Data
Dec22 Jun23 Dec23 Jun24
Total Assets 2.54 4.85 4.50 3.73

High-Tech Metals 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.

High-Tech Metals'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 )
=4.207+0.645
=4.85

High-Tech Metals'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 )
=3.896+0.604
=4.50

* 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.

High-Tech Metals  (ASX:HTM) Total Assets Explanation

Total Assets is connected with ROA %.

High-Tech Metals'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 )
=-0.678/( (4.852+4.5)/ 2 )
=-0.678/4.676
=-14.50 %

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.

High-Tech Metals'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/( (4.852+4.5)/ 2 )
=0/4.676
=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.

High-Tech Metals Total Assets Related Terms

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High-Tech Metals Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » High-Tech Metals Ltd (ASX:HTM) » Definitions » Total Assets
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Traded in Other Exchanges
N/A
Address
22 Townshend Road, Subiaco, WA, AUS, 6009
Website
https://www.hightechmetals.com.au
High-Tech Metals Ltd is engaged in the exploration and development of mineral resource properties, It holds Werner Lake Project, a cobalt project located in north-western Ontario, Canada, within the Kenora Mining District.

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