OD6 Metals (ASX:OD6) Total Assets : A$8.28 Mil (As of Dec. 2023)

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What is OD6 Metals Total Assets?

OD6 Metals's Total Assets for the quarter that ended in Dec. 2023 was A$8.28 Mil.

During the past 12 months, OD6 Metals's average Total Assets Growth Rate was 110.20% per year.

Total Assets is connected with ROA %. OD6 Metals's annualized ROA % for the quarter that ended in Dec. 2023 was -0.52%. Total Assets is also linked to Revenue through Asset Turnover. OD6 Metals's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

OD6 Metals Total Assets Historical Data

The historical data trend for OD6 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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OD6 Metals Total Assets Chart

OD6 Metals Annual Data

Trend

Jun22

Jun23

Jun24

Total Assets

9.39

8.61

9.70

OD6 Metals Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Total Assets	Get a 7-Day Free Trial			9.39	8.79	8.61	8.28	9.70

OD6 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.

OD6 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 )
	=	7.666	+	0.946
	=	8.61

OD6 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 )
	=	7.975	+	0.302
	=	8.28

OD6 Metals (ASX:OD6) Total Assets Explanation

Total Assets is connected with ROA %.

OD6 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 )
	=	-0.044	/	( (8.611	+	8.276)	/ 2 )
	=	-0.044	/	8.4435
	=	-0.52 %

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.

OD6 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	/	( (8.611	+	8.276)	/ 2 )
=	0	/	8.4435
=	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.

OD6 Metals Total Assets Related Terms

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OD6 Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » OD6 Metals Ltd (ASX:OD6) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

C/- LCP Group, 50 Kings Park Road, Level 1, West Perth, Perth, WA, AUS, 6005

Website

https://www.od6metals.com.au

OD6 Metals Ltd is a mineral exploration company focused on the discovery and potential development of large-scale rare earth element (REE) deposits. The company holds a 100% interest in the Splinter Rock Project and Grass Patch Project which are located in the Goldfields-Esperance region of Western Australia, approximately 30 to 150km north of the major port and town of Esperance.

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