Solis Minerals (ASX:SLM) Total Assets : A$14.44 Mil (As of Feb. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Solis Minerals Total Assets?

Solis Minerals's Total Assets for the quarter that ended in Feb. 2024 was A$14.44 Mil.

During the past 12 months, Solis Minerals's average Total Assets Growth Rate was 103.50% per year. During the past 3 years, the average Total Assets Growth Rate was 13.40% per year. During the past 5 years, the average Total Assets Growth Rate was 13.50% per year. During the past 10 years, the average Total Assets Growth Rate was 4.60% per year.

During the past 13 years, Solis Minerals's highest 3-Year average Total Assets Growth Rate was 116.50%. The lowest was -15.90%. And the median was 10.50%.

Total Assets is connected with ROA %. Solis Minerals's annualized ROA % for the quarter that ended in Feb. 2024 was -24.43%. Total Assets is also linked to Revenue through Asset Turnover. Solis Minerals's Asset Turnover for the quarter that ended in Feb. 2024 was 0.00.

Solis Minerals Total Assets Historical Data

The historical data trend for Solis 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.

* Premium members only.

Solis Minerals Total Assets Chart

Solis Minerals Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Total Assets

Get a 7-Day Free Trial

3.61

3.85

6.54

7.84

5.81

Solis Minerals Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Total Assets	Get a 7-Day Free Trial															6.05	5.81	16.46	15.29	14.44

Solis 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.

Solis Minerals's Total Assets for the fiscal year that ended in May. 2023 is calculated as

Total Assets	=	Total Equity (A: May. 2023 )	+	Total Liabilities (A: May. 2023 )
	=	5.193	+	0.616
	=	5.81

Solis Minerals's Total Assets for the quarter that ended in Feb. 2024 is calculated as

Total Assets	=	Total Equity (Q: Feb. 2024 )	+	Total Liabilities (Q: Feb. 2024 )
	=	13.653	+	0.789
	=	14.44

Solis Minerals (ASX:SLM) Total Assets Explanation

Total Assets is connected with ROA %.

Solis Minerals's annualized ROA % for the quarter that ended in Feb. 2024 is

ROA %	=	Net Income (Q: Feb. 2024 )	/	( (Total Assets (Q: Nov. 2023 )	+	Total Assets (Q: Feb. 2024 ))	/ count )
	=	-3.632	/	( (15.29	+	14.442)	/ 2 )
	=	-3.632	/	14.866
	=	-24.43 %

Note: The Net Income data used here is four times the quarterly (Feb. 2024) 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.

Solis Minerals's Asset Turnover for the quarter that ended in Feb. 2024 is

	Asset Turnover
=	Revenue (Q: Feb. 2024 )	/	( (Total Assets (Q: Nov. 2023 )	+	Total Assets (Q: Feb. 2024 ))	/ count )
=	0	/	( (15.29	+	14.442)	/ 2 )
=	0	/	14.866
=	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.

Solis Minerals Total Assets Related Terms

Thank you for viewing the detailed overview of Solis Minerals's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

Solis Minerals (ASX:SLM) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

SLMFF:USA 08W:Germany SLMN:Canada

Address

Unit 3, 32 Harrogate Street, West Leederville, Perth, WA, AUS, 6017

Website

https://solisminerals.com

Solis Minerals Ltd is a resource exploration company engaged in the acquisition, exploration, and development of mineral resource properties. The Company operates in a single reportable operating segment being the exploration and development of mineral properties. The company is focused on the acquisition of the Mostazal copper project located in Chile. It also holds an interest in Ilo Este and Ilo Norte Project in Peru.