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Westgold Resources (ASX:WGX) Total Assets : A$1,052.5 Mil (As of Jun. 2024)


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What is Westgold Resources Total Assets?

Westgold Resources's Total Assets for the quarter that ended in Jun. 2024 was A$1,052.5 Mil.

During the past 12 months, Westgold Resources's average Total Assets Growth Rate was 28.20% per year. During the past 3 years, the average Total Assets Growth Rate was 2.90% per year. During the past 5 years, the average Total Assets Growth Rate was 4.10% per year.

During the past 8 years, Westgold Resources's highest 3-Year average Total Assets Growth Rate was 11.20%. The lowest was 0.90%. And the median was 2.90%.

Total Assets is connected with ROA %. Westgold Resources's annualized ROA % for the quarter that ended in Jun. 2024 was 10.38%. Total Assets is also linked to Revenue through Asset Turnover. Westgold Resources's Asset Turnover for the quarter that ended in Jun. 2024 was 0.36.

Westgold Resources Total Assets Historical Data

The historical data trend for Westgold 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.

* Premium members only.

Westgold Resources Total Assets Chart

Westgold Resources Annual Data
Trend Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Total Assets
Get a 7-Day Free Trial 757.49 899.97 827.18 813.25 1,052.50

Westgold Resources Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 827.18 785.81 813.25 929.71 1,052.50

Westgold 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.

Westgold Resources's Total Assets for the fiscal year that ended in Jun. 2024 is calculated as

Total Assets=Total Equity (A: Jun. 2024 )+Total Liabilities (A: Jun. 2024 )
=691.801+360.699
=1,052.5

Westgold Resources's Total Assets for the quarter that ended in Jun. 2024 is calculated as

Total Assets=Total Equity (Q: Jun. 2024 )+Total Liabilities (Q: Jun. 2024 )
=691.801+360.699
=1,052.5

* 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.

Westgold Resources  (ASX:WGX) Total Assets Explanation

Total Assets is connected with ROA %.

Westgold Resources's annualized ROA % for the quarter that ended in Jun. 2024 is

ROA %=Net Income (Q: Jun. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Jun. 2024 ))/ count )
=102.886/( (929.708+1052.5)/ 2 )
=102.886/991.104
=10.38 %

Note: The Net Income data used here is two times the semi-annual (Jun. 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.

Westgold Resources's Asset Turnover for the quarter that ended in Jun. 2024 is

Asset Turnover
=Revenue (Q: Jun. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Jun. 2024 ))/ count )
=353.374/( (929.708+1052.5)/ 2 )
=353.374/991.104
=0.36

* 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.

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.

Westgold Resources Total Assets Related Terms

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Westgold Resources Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Westgold Resources Ltd (ASX:WGX) » Definitions » Total Assets
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Traded in Other Exchanges
WGXRF:USA 0W2:Germany WGX:Canada
Address
200 St Georges Terrace, Level 6, Perth, WA, AUS, 6000
Website
https://www.westgold.com.au
Westgold Resources Ltd is engaged in the exploration, development, and operation of gold mines, predominantly in Western Australia. The company comprises the following reportable segments; Murchison Operations, Bryah Operations, and others. Murchison Operations segment contributes to the vast majority of revenue.

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