Meeka Metals (ASX:MEK) Total Assets : A$34.33 Mil (As of Dec. 2023)

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What is Meeka Metals Total Assets?

Meeka Metals's Total Assets for the quarter that ended in Dec. 2023 was A$34.33 Mil.

During the past 12 months, Meeka Metals's average Total Assets Growth Rate was 21.40% per year. During the past 3 years, the average Total Assets Growth Rate was 975.90% per year. During the past 5 years, the average Total Assets Growth Rate was 380.20% per year. During the past 10 years, the average Total Assets Growth Rate was 45.70% per year.

During the past 13 years, Meeka Metals's highest 3-Year average Total Assets Growth Rate was 975.90%. The lowest was -88.30%. And the median was 11.65%.

Total Assets is connected with ROA %. Meeka Metals's annualized ROA % for the quarter that ended in Dec. 2023 was -5.50%. Total Assets is also linked to Revenue through Asset Turnover. Meeka Metals's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Meeka Metals Total Assets Historical Data

The historical data trend for Meeka 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.

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Meeka Metals Total Assets Chart

Meeka Metals Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Assets

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3.60

3.22

22.91

22.27

30.18

Meeka Metals 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															22.78	22.27	31.14	30.18	34.33

Meeka 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.

Meeka 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 )
	=	25.415	+	4.761
	=	30.18

Meeka 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 )
	=	29.651	+	4.676
	=	34.33

Meeka Metals (ASX:MEK) Total Assets Explanation

Total Assets is connected with ROA %.

Meeka 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 )
	=	-1.774	/	( (30.177	+	34.328)	/ 2 )
	=	-1.774	/	32.2525
	=	-5.50 %

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.

Meeka 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	/	( (30.177	+	34.328)	/ 2 )
=	0	/	32.2525
=	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.

Meeka Metals Total Assets Related Terms

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Meeka Metals (ASX:MEK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Meeka Metals Ltd (ASX:MEK) » Definitions » Total Assets

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1KX0:Germany

Address

46 Ventnor Avenue, Second Floor, West Perth, Perth, WA, AUS, 6005

Website

https://www.meekametals.com.au

Meeka Metals Ltd is gold and rare earths company with a portfolio of high quality 100% owned projects across Western Australia. The projects of the company include Murchison Gold Project, Circle Valley project, Cascade Rare Earth Project, Circle Valley Rare Earth Project and others.

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