Metarock Group (ASX:MYE) Total Assets : A$186.3 Mil (As of Dec. 2023)

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What is Metarock Group Total Assets?

Metarock Group's Total Assets for the quarter that ended in Dec. 2023 was A$186.3 Mil.

Warning Sign:

If a company builds assets at 28.4% a year, faster than its revenue growth rate of 11.6% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Metarock Group's average Total Assets Growth Rate was -23.70% per year. During the past 3 years, the average Total Assets Growth Rate was 24.00% per year. During the past 5 years, the average Total Assets Growth Rate was 28.40% per year. During the past 10 years, the average Total Assets Growth Rate was 9.80% per year.

During the past 13 years, Metarock Group's highest 3-Year average Total Assets Growth Rate was 57.30%. The lowest was -10.00%. And the median was 2.60%.

Total Assets is connected with ROA %. Metarock Group's annualized ROA % for the quarter that ended in Dec. 2023 was 10.55%. Total Assets is also linked to Revenue through Asset Turnover. Metarock Group's Asset Turnover for the quarter that ended in Dec. 2023 was 1.13.

Metarock Group Total Assets Historical Data

The historical data trend for Metarock Group'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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Metarock Group Total Assets Chart

Metarock Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Assets

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91.97

137.70

129.23

299.15

226.96

Metarock Group 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															274.61	299.15	243.41	226.96	186.28

Metarock Group 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.

Metarock Group'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 )
	=	32.755	+	194.2
	=	227.0

Metarock Group'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 )
	=	44.495	+	141.787
	=	186.3

Metarock Group (ASX:MYE) Total Assets Explanation

Total Assets is connected with ROA %.

Metarock Group'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 )
	=	21.808	/	( (226.955	+	186.282)	/ 2 )
	=	21.808	/	206.6185
	=	10.55 %

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.

Metarock Group'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 )
=	234.428	/	( (226.955	+	186.282)	/ 2 )
=	234.428	/	206.6185
=	1.13

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.

Metarock Group Total Assets Related Terms

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Metarock Group (ASX:MYE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Metarock Group Ltd (ASX:MYE) » Definitions » Total Assets

Traded in Other Exchanges

024:Germany

Address

45 River Street, P.O. Box 1671, Level 1, Riverside Plaza, Mackay, QLD, AUS, 4740

Website

https://www.mastermyne.com.au

Metarock Group Ltd provides contracting services to underground longwall mining operations and industrial products and services in the coalfields and supporting industries of Queensland and New South Wales. It provides a full range of services and equipment to the coal mining industry that includes: Roadway development; Conveyors; Longwall relocations and others. The company's segment includes Mastermyne and PYBAR. It generates maximum revenue from the Mastermyne segment.