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Kingfisher Mining (ASX:KFM) Total Assets : A$6.59 Mil (As of Dec. 2023)


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What is Kingfisher Mining Total Assets?

Kingfisher Mining's Total Assets for the quarter that ended in Dec. 2023 was A$6.59 Mil.

During the past 12 months, Kingfisher Mining's average Total Assets Growth Rate was -12.80% per year. During the past 3 years, the average Total Assets Growth Rate was 50.10% per year.

During the past 5 years, Kingfisher Mining's highest 3-Year average Total Assets Growth Rate was 90.50%. The lowest was 50.10%. And the median was 70.30%.

Total Assets is connected with ROA %. Kingfisher Mining's annualized ROA % for the quarter that ended in Dec. 2023 was -33.91%. Total Assets is also linked to Revenue through Asset Turnover. Kingfisher Mining's Asset Turnover for the quarter that ended in Dec. 2023 was 0.01.

Kingfisher Mining Total Assets Historical Data

The historical data trend for Kingfisher Mining'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.

Kingfisher Mining Total Assets Chart

Kingfisher Mining Annual Data
Trend Jun20 Jun21 Jun22 Jun23 Jun24
Total Assets
6.41 5.48 4.67 7.86 5.87

Kingfisher Mining Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Total Assets Get a 7-Day Free Trial 4.67 8.37 7.86 6.59 5.87

Kingfisher Mining 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.

Kingfisher Mining'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 )
=5.751+0.115
=5.87

Kingfisher Mining'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 )
=6.355+0.236
=6.59

* 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.

Kingfisher Mining  (ASX:KFM) Total Assets Explanation

Total Assets is connected with ROA %.

Kingfisher Mining'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 )
=-2.45/( (7.862+6.59)/ 2 )
=-2.45/7.226
=-33.91 %

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.

Kingfisher Mining'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 )
=0.057/( (7.862+6.59)/ 2 )
=0.057/7.226
=0.01

* 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.

Kingfisher Mining Total Assets Related Terms

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Kingfisher Mining Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Kingfisher Mining Ltd (ASX:KFM) » Definitions » Total Assets
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Traded in Other Exchanges
N/A
Address
106 Robinson Avenue, Unit 2, Belmont, WA, AUS, 6104
Website
https://www.kingfishermining.com.au
Kingfisher Mining Ltd is a mineral exploration company. The company acquires, develops, and explores mineral resource projects throughout Western Australia. The project portfolio includes Boolaloo, Mick Well, Kingfisher, Chalba, Mooloo and Arthur River projects. The company operates in one business segment which is the exploration for minerals and in one geographic segment, Australia.

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