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Kingston Resources (ASX:KSN) Total Assets : A$121.62 Mil (As of Jun. 2024)


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What is Kingston Resources Total Assets?

Kingston Resources's Total Assets for the quarter that ended in Jun. 2024 was A$121.62 Mil.

During the past 12 months, Kingston Resources's average Total Assets Growth Rate was 21.50% per year. During the past 3 years, the average Total Assets Growth Rate was 53.70% per year. During the past 5 years, the average Total Assets Growth Rate was 55.70% per year. During the past 10 years, the average Total Assets Growth Rate was 56.60% per year.

During the past 13 years, Kingston Resources's highest 3-Year average Total Assets Growth Rate was 359.20%. The lowest was -63.70%. And the median was 9.40%.

Total Assets is connected with ROA %. Kingston Resources's annualized ROA % for the quarter that ended in Jun. 2024 was -5.79%. Total Assets is also linked to Revenue through Asset Turnover. Kingston Resources's Asset Turnover for the quarter that ended in Jun. 2024 was 0.13.


Kingston Resources Total Assets Historical Data

The historical data trend for Kingston 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.

* Premium members only.

Kingston Resources Total Assets Chart

Kingston Resources Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Total Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 29.88 42.34 88.59 111.42 121.62

Kingston Resources Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 88.59 93.28 111.42 113.99 121.62

Kingston 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.

Kingston 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 )
=90.782+30.836
=121.62

Kingston Resources's Total Assets for the quarter that ended in Jun. 2024 is calculated as

Total Assets=Total Equity (Q: Jun. 2024 )+Total Liabilities (Q: Jun. 2024 )
=90.782+30.836
=121.62

* 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.


Kingston Resources  (ASX:KSN) Total Assets Explanation

Total Assets is connected with ROA %.

Kingston Resources's annualized ROA % for the quarter that ended in Jun. 2024 is

ROA %=Net Income (Q: Jun. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Jun. 2024 ))/ count )
=-6.82/( (113.989+121.617)/ 2 )
=-6.82/117.803
=-5.79 %

Note: The Net Income data used here is two times the semi-annual (Jun. 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.

Kingston Resources's Asset Turnover for the quarter that ended in Jun. 2024 is

Asset Turnover
=Revenue (Q: Jun. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Jun. 2024 ))/ count )
=15.637/( (113.989+121.617)/ 2 )
=15.637/117.803
=0.13

* 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.

Kingston Resources Total Assets Related Terms

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Kingston Resources Business Description

Traded in Other Exchanges
Address
201 Miller Street, Suite 202, North Sydney, NSW, AUS, 2060
Kingston Resources Ltd is an Australian-based mineral exploration company that engages in acquiring and exploring gold projects. It operates in two business segment which is the Exploration and Evaluation of Minerals in Australia and mining. Its projects are Misima Gold Project, Mineral Hill Mine and Livingstone Gold Project. Geographically it derives the majority of its revenue from Australia.

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