Red 5 (ASX:RED) Total Assets : A$668.7 Mil (As of Dec. 2023)

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What is Red 5 Total Assets?

Red 5's Total Assets for the quarter that ended in Dec. 2023 was A$668.7 Mil.

Warning Sign:

If a company builds assets at 36% a year, faster than its revenue growth rate of 5.1% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Red 5's average Total Assets Growth Rate was 5.30% per year. During the past 3 years, the average Total Assets Growth Rate was 42.00% per year. During the past 5 years, the average Total Assets Growth Rate was 36.00% per year. During the past 10 years, the average Total Assets Growth Rate was 13.90% per year.

During the past 13 years, Red 5's highest 3-Year average Total Assets Growth Rate was 72.70%. The lowest was -30.50%. And the median was 28.00%.

Total Assets is connected with ROA %. Red 5's annualized ROA % for the quarter that ended in Dec. 2023 was 8.65%. Total Assets is also linked to Revenue through Asset Turnover. Red 5's Asset Turnover for the quarter that ended in Dec. 2023 was 0.42.

Red 5 Total Assets Historical Data

The historical data trend for Red 5'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.

* Premium members only.

Red 5 Total Assets Chart

Red 5 Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Assets

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177.15

343.40

345.49

577.37

670.48

Red 5 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															391.20	577.37	621.16	670.48	668.68

Red 5 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.

Red 5'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 )
	=	330.071	+	340.406
	=	670.5

Red 5'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 )
	=	356.348	+	312.332
	=	668.7

Red 5 (ASX:RED) Total Assets Explanation

Total Assets is connected with ROA %.

Red 5'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 )
	=	57.926	/	( (670.477	+	668.68)	/ 2 )
	=	57.926	/	669.5785
	=	8.65 %

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.

Red 5'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 )
=	283.47	/	( (670.477	+	668.68)	/ 2 )
=	283.47	/	669.5785
=	0.42

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.

Red 5 Total Assets Related Terms

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Red 5 (ASX:RED) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Red 5 Ltd (ASX:RED) » Definitions » Total Assets

Comparable Companies

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REDLF:USA RKM:Germany

Address

35 Ventnor Avenue, Level 2, West Perth, WA, AUS, 6005

Website

https://www.red5limited.com

Red 5 Ltd is engaged in gold production, development and mineral exploration assets in Australia. Its project includes the Darlot Gold Mine located in Perth, the King of the Hills Gold project Siana Gold Mine Project.

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