Ramelius Resources (ASX:RMS) Total Assets : A$1,385.4 Mil (As of Dec. 2023)

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What is Ramelius Resources Total Assets?

Ramelius Resources's Total Assets for the quarter that ended in Dec. 2023 was A$1,385.4 Mil.

Warning Sign:

If a company builds assets at 31.8% a year, faster than its revenue growth rate of 3.3% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Ramelius Resources's average Total Assets Growth Rate was 35.20% per year. During the past 3 years, the average Total Assets Growth Rate was 16.30% per year. During the past 5 years, the average Total Assets Growth Rate was 31.80% per year. During the past 10 years, the average Total Assets Growth Rate was 23.60% per year.

During the past 13 years, Ramelius Resources's highest 3-Year average Total Assets Growth Rate was 114.60%. The lowest was -19.10%. And the median was 37.80%.

Total Assets is connected with ROA %. Ramelius Resources's annualized ROA % for the quarter that ended in Dec. 2023 was 6.45%. Total Assets is also linked to Revenue through Asset Turnover. Ramelius Resources's Asset Turnover for the quarter that ended in Dec. 2023 was 0.27.

Ramelius Resources Total Assets Historical Data

The historical data trend for Ramelius Resources'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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Ramelius Resources Total Assets Chart

Ramelius Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Assets

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396.57

754.94

846.30

951.81

1,171.89

Ramelius Resources 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															1,012.31	951.81	978.92	1,171.89	1,385.43

Ramelius Resources 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.

Ramelius Resources'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 )
	=	940.252	+	231.634
	=	1,171.9

Ramelius Resources'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 )
	=	1145.73	+	239.695
	=	1,385.4

Ramelius Resources (ASX:RMS) Total Assets Explanation

Total Assets is connected with ROA %.

Ramelius Resources'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 )
	=	82.482	/	( (1171.886	+	1385.425)	/ 2 )
	=	82.482	/	1278.6555
	=	6.45 %

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.

Ramelius Resources'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 )
=	348.47	/	( (1171.886	+	1385.425)	/ 2 )
=	348.47	/	1278.6555
=	0.27

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.

Ramelius Resources Total Assets Related Terms

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Ramelius Resources (ASX:RMS) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

RMLRF:USA RRZ:Germany

Address

130 Royal Street, Level 1, East Perth, Perth, WA, AUS, 6004

Website

https://www.rameliusresources.com.au

Ramelius Resources Ltd is a gold exploration and production company with exploration activities focused in Western Australia. The company also explores for base metals. Its projects include Edna May Gold Mine; Mount Magnet Goldmine; Vivien Gold Mine. The company generates maximum revenue from Edna May Goldmine project.

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