Vertex Minerals (ASX:VTX) Total Assets : A$9.15 Mil (As of Dec. 2023)

View and export this data going back to 2022. Start your Free Trial

What is Vertex Minerals Total Assets?

Vertex Minerals's Total Assets for the quarter that ended in Dec. 2023 was A$9.15 Mil.

During the past 12 months, Vertex Minerals's average Total Assets Growth Rate was 34.90% per year.

Total Assets is connected with ROA %. Vertex Minerals's annualized ROA % for the quarter that ended in Dec. 2023 was -10.71%. Total Assets is also linked to Revenue through Asset Turnover. Vertex Minerals's Asset Turnover for the quarter that ended in Dec. 2023 was 0.01.

Vertex Minerals Total Assets Historical Data

The historical data trend for Vertex 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.

Vertex Minerals Total Assets Chart

Vertex Minerals Annual Data

Trend

Jun22

Jun23

Total Assets

8.44

7.77

Vertex Minerals Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
Total Assets	8.44	8.23	7.77	9.15

Vertex 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.

Vertex 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 )
	=	7.46	+	0.309
	=	7.77

Vertex 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 )
	=	8.588	+	0.565
	=	9.15

Vertex Minerals (ASX:VTX) Total Assets Explanation

Total Assets is connected with ROA %.

Vertex 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 )
	=	-0.906	/	( (7.769	+	9.154)	/ 2 )
	=	-0.906	/	8.4615
	=	-10.71 %

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.

Vertex 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 )
=	0.053	/	( (7.769	+	9.154)	/ 2 )
=	0.053	/	8.4615
=	0.01

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.

Vertex Minerals Total Assets Related Terms

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

Vertex Minerals (ASX:VTX) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

460 Stirling Highway, Unit 38, Peppermint Grove, WA, AUS, 6011

Website

https://www.vertexminerals.com

Vertex Minerals Ltd is a mineral exploration and development company. It explores for gold. The Company is organised into one operating segment, being mining and exploration operations. The principal products and services of this operating segment are the mining and exploration operations predominately in Australia.

Vertex Minerals (ASX:VTX) Headlines

No Headlines