Many Peaks Minerals (ASX:MPK) Total Assets : A$3.25 Mil (As of Dec. 2023)

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What is Many Peaks Minerals Total Assets?

Many Peaks Minerals's Total Assets for the quarter that ended in Dec. 2023 was A$3.25 Mil.

During the past 12 months, Many Peaks Minerals's average Total Assets Growth Rate was 20.10% per year.

Total Assets is connected with ROA %. Many Peaks Minerals's annualized ROA % for the quarter that ended in Dec. 2023 was -95.87%. Total Assets is also linked to Revenue through Asset Turnover. Many Peaks Minerals's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Many Peaks Minerals Total Assets Historical Data

The historical data trend for Many Peaks Minerals'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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Many Peaks Minerals Total Assets Chart

Many Peaks Minerals Annual Data

Trend

Jun21

Jun22

Jun23

Total Assets

6.81

5.98

5.43

Many Peaks Minerals Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
Total Assets	5.98	5.35	5.43	3.25

Many Peaks Minerals 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.

Many Peaks Minerals'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 )
	=	5.074	+	0.356
	=	5.43

Many Peaks Minerals'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 )
	=	3.17	+	0.078
	=	3.25

Many Peaks Minerals (ASX:MPK) Total Assets Explanation

Total Assets is connected with ROA %.

Many Peaks Minerals'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 )
	=	-4.16	/	( (5.43	+	3.248)	/ 2 )
	=	-4.16	/	4.339
	=	-95.87 %

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.

Many Peaks Minerals'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	/	( (5.43	+	3.248)	/ 2 )
=	0	/	4.339
=	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.

Many Peaks Minerals Total Assets Related Terms

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Many Peaks Minerals (ASX:MPK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Many Peaks Minerals Ltd (ASX:MPK) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

1060 Hay Street, Level 3, West Perth, WA, AUS, 6005

Website

https://www.manypeaks.com.au

Many Peaks Minerals Ltd is a mineral exploration and development company focused on the central region of Queensland. The company has two project baskets which include QLD Australia and NL Canada.

Many Peaks Minerals (ASX:MPK) Headlines

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