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Western Mines Group (ASX:WMG) Total Assets : A$11.97 Mil (As of Dec. 2024)


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What is Western Mines Group Total Assets?

Western Mines Group's Total Assets for the quarter that ended in Dec. 2024 was A$11.97 Mil.

During the past 12 months, Western Mines Group's average Total Assets Growth Rate was 34.10% per year. During the past 3 years, the average Total Assets Growth Rate was 123.20% per year.

During the past 4 years, Western Mines Group's highest 3-Year average Total Assets Growth Rate was 123.20%. The lowest was 123.20%. And the median was 123.20%.

Total Assets is connected with ROA %. Western Mines Group's annualized ROA % for the quarter that ended in Dec. 2024 was -18.06%. Total Assets is also linked to Revenue through Asset Turnover. Western Mines Group's Asset Turnover for the quarter that ended in Dec. 2024 was 0.00.

Western Mines Group Total Assets Historical Data

The historical data trend for Western Mines Group'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.

Western Mines Group Total Assets Chart

Western Mines Group Annual Data
Trend Jun21 Jun22 Jun23 Jun24
Total Assets
1.20 6.04 8.92 11.74

Western Mines Group Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Total Assets Get a 7-Day Free Trial 5.79 8.92 10.22 11.74 11.97

Western Mines Group 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.

Western Mines Group'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 )
=9.653+2.085
=11.74

Western Mines Group's Total Assets for the quarter that ended in Dec. 2024 is calculated as

Total Assets=Total Equity (Q: Dec. 2024 )+Total Liabilities (Q: Dec. 2024 )
=11.393+0.573
=11.97

* 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.

Western Mines Group  (ASX:WMG) Total Assets Explanation

Total Assets is connected with ROA %.

Western Mines Group's annualized ROA % for the quarter that ended in Dec. 2024 is

ROA %=Net Income (Q: Dec. 2024 )/( (Total Assets (Q: Jun. 2024 )+Total Assets (Q: Dec. 2024 ))/ count )
=-2.14/( (11.738+11.966)/ 2 )
=-2.14/11.852
=-18.06 %

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

Western Mines Group's Asset Turnover for the quarter that ended in Dec. 2024 is

Asset Turnover
=Revenue (Q: Dec. 2024 )/( (Total Assets (Q: Jun. 2024 )+Total Assets (Q: Dec. 2024 ))/ count )
=0/( (11.738+11.966)/ 2 )
=0/11.852
=0.00

* 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.

Western Mines Group Total Assets Related Terms

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Western Mines Group Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Western Mines Group Ltd (ASX:WMG) » Definitions » Total Assets
Comparable Companies
ASX:CVR ASX:NME ASX:KAL ASX:BCM ASX:ALY ASX:VKA ASX:CTO ASX:FNR ASX:SNG ASX:PGD SHSE:601899 NEM TSX:AEM TSX:ABX TSX:WPM TSX:FNV MIC:PLZL JSE:GFI AU SHSE:600547
Traded in Other Exchanges
N/A
Address
33 Ord Street, Level 3, West Perth, WA, AUS, 6005
Website
https://www.westernmines.com.au
Western Mines Group Ltd is a mineral exploration company engaged in the exploration and discovery of high-value gold and nickel sulphide deposits across a portfolio prospective projects located on mineral belts of Western Australia. Some of its projects include Mulga Tank Ni-Cu-PGE Project, Melita Gold Project, Jasper Hill Gold Project, Youanmi Gold Project, Pavarotti Ni-Cu-PGE Project, Rock of Ages Gold Project, Broken Hill Bore Gold Project and Pinyalling Gold Project.