Kin Mining NL (ASX:KIN) Total Assets : A$32.44 Mil (As of Dec. 2023)

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What is Kin Mining NL Total Assets?

Kin Mining NL's Total Assets for the quarter that ended in Dec. 2023 was A$32.44 Mil.

During the past 12 months, Kin Mining NL's average Total Assets Growth Rate was -95.90% per year. During the past 3 years, the average Total Assets Growth Rate was 18.30% per year. During the past 5 years, the average Total Assets Growth Rate was 3.60% per year.

During the past 10 years, Kin Mining NL's highest 3-Year average Total Assets Growth Rate was 82.70%. The lowest was -20.60%. And the median was 2.50%.

Total Assets is connected with ROA %. Kin Mining NL's annualized ROA % for the quarter that ended in Dec. 2023 was -41.29%. Total Assets is also linked to Revenue through Asset Turnover. Kin Mining NL's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Kin Mining NL Total Assets Historical Data

The historical data trend for Kin Mining NL'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.

Kin Mining NL Total Assets Chart

Kin Mining NL Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Assets

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13.78

12.12

17.98

13.93

21.76

Kin Mining NL Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial															17.76	13.93	20.83	21.76	32.44

Kin Mining NL 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.

Kin Mining NL'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 )
	=	18.259	+	3.503
	=	21.76

Kin Mining NL'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 )
	=	29.261	+	3.181
	=	32.44

Kin Mining NL (ASX:KIN) Total Assets Explanation

Total Assets is connected with ROA %.

Kin Mining NL'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 )
	=	-11.19	/	( (21.762	+	32.442)	/ 2 )
	=	-11.19	/	27.102
	=	-41.29 %

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.

Kin Mining NL'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	/	( (21.762	+	32.442)	/ 2 )
=	0	/	27.102
=	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.

Kin Mining NL Total Assets Related Terms

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Kin Mining NL (ASX:KIN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Kin Mining NL (ASX:KIN) » Definitions » Total Assets

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Address

342 Scarborough Beach Road, First Floor, Osborne Park, Perth, WA, AUS, 6017

Website

https://www.kinmining.com.au

Kin Mining NL is a gold exploration company. The company is engaged in the exploration and development of gold properties. It holds a 100% interest in the Cardinia Gold Project. The other project include Desdemona, Murrin Murrin, Redcastle, MT Flora, Randwick Gold, and others. The company operates predominantly in one business and geographical segment which is mineral exploration in Australia.