Octava Minerals (ASX:OCT) Total Assets : A$5.40 Mil (As of Dec. 2023)

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What is Octava Minerals Total Assets?

Octava Minerals's Total Assets for the quarter that ended in Dec. 2023 was A$5.40 Mil.

During the past 12 months, Octava Minerals's average Total Assets Growth Rate was 64.10% per year.

Total Assets is connected with ROA %. Octava Minerals's annualized ROA % for the quarter that ended in Dec. 2023 was -18.86%. Total Assets is also linked to Revenue through Asset Turnover. Octava Minerals's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Octava Minerals Total Assets Historical Data

The historical data trend for Octava 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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Octava Minerals Total Assets Chart

Octava Minerals Annual Data

Trend

Jun23

Total Assets

5.84

Octava Minerals Semi-Annual Data
	Dec21	Jun22	Jun23	Dec23
Total Assets	6.78	6.18	5.84	5.40

Octava 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.

Octava 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 )
	=	5.735	+	0.107
	=	5.84

Octava 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 )
	=	5.314	+	0.087
	=	5.40

Octava Minerals (ASX:OCT) Total Assets Explanation

Total Assets is connected with ROA %.

Octava 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 )
	=	-1.06	/	( (5.842	+	5.401)	/ 2 )
	=	-1.06	/	5.6215
	=	-18.86 %

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.

Octava 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	/	( (5.842	+	5.401)	/ 2 )
=	0	/	5.6215
=	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.

Octava Minerals Total Assets Related Terms

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Octava Minerals (ASX:OCT) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

234 Churchill Avenue, Suite 1, Subiaco, WA, AUS, 6008

Website

https://www.octavaminerals.com

Octava Minerals Ltd is an exploration and resource development company. It focuses on the exploration of lithium, gold, Platinum Group Metals, and nickel at its mining tenements in Western Australia. The project portfolio comprises three main Project areas: - East Pilbara Talga; East Kimberley: and the Yallalong project.

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