DRDGold (DRDGold) Total Assets : $435.0 Mil (As of Jun. 2023)

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What is DRDGold Total Assets?

DRDGold's Total Assets for the quarter that ended in Jun. 2023 was $435.0 Mil.

Warning Sign:

If a company builds assets at 17.7% a year, faster than its revenue growth rate of 5% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, DRDGold's average Total Assets Growth Rate was 24.80% per year. During the past 3 years, the average Total Assets Growth Rate was 12.90% per year. During the past 5 years, the average Total Assets Growth Rate was 17.70% per year. During the past 10 years, the average Total Assets Growth Rate was 10.80% per year.

During the past 13 years, DRDGold's highest 3-Year average Total Assets Growth Rate was 43.90%. The lowest was -9.90%. And the median was 4.85%.

Total Assets is connected with ROA %. DRDGold's annualized ROA % for the quarter that ended in Jun. 2023 was 15.49%. Total Assets is also linked to Revenue through Asset Turnover. DRDGold's Asset Turnover for the quarter that ended in Jun. 2023 was 0.66.

DRDGold Total Assets Historical Data

The historical data trend for DRDGold'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.

DRDGold Total Assets Chart

DRDGold Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Assets

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278.37

331.22

456.26

447.58

435.03

DRDGold Semi-Annual Data
	Jun04	Jun05	Jun06	Jun07	Jun08	Jun09	Jun10	Jun11	Jun12	Jun13	Jun14	Jun15	Jun16	Jun17	Jun18	Jun19	Jun20	Jun21	Jun22	Jun23
Total Assets	Get a 7-Day Free Trial															278.37	331.22	456.26	447.58	435.03

DRDGold 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.

DRDGold'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 )
	=	334.711	+	100.316
	=	435.0

DRDGold's Total Assets for the quarter that ended in Jun. 2023 is calculated as

Total Assets	=	Total Equity (Q: Jun. 2023 )	+	Total Liabilities (Q: Jun. 2023 )
	=	334.711	+	100.316
	=	435.0

DRDGold (NYSE:DRD) Total Assets Explanation

Total Assets is connected with ROA %.

DRDGold's annualized ROA % for the quarter that ended in Jun. 2023 is

ROA %	=	Net Income (Q: Jun. 2023 )	/	( (Total Assets (Q: Jun. 2022 )	+	Total Assets (Q: Jun. 2023 ))	/ count )
	=	68.36	/	( (447.579	+	435.027)	/ 2 )
	=	68.36	/	441.303
	=	15.49 %

Note: The Net Income data used here is one times the annual (Jun. 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.

DRDGold's Asset Turnover for the quarter that ended in Jun. 2023 is

	Asset Turnover
=	Revenue (Q: Jun. 2023 )	/	( (Total Assets (Q: Jun. 2022 )	+	Total Assets (Q: Jun. 2023 ))	/ count )
=	293.217	/	( (447.579	+	435.027)	/ 2 )
=	293.217	/	441.303
=	0.66

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.

DRDGold Total Assets Related Terms

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DRDGold (DRDGold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » DRDGold Ltd (NYSE:DRD) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

DRD:South Africa DRDGF:USA 0ICU:UK DUB1:Germany

Address

Cnr 14th Avenue and Hendrik Potgieter Road, Constantia Office Park, Cycad House, Building 17, Ground Floor, Weltevreden Park, ZAF, 1709

Website

https://www.drdgold.com

DRDGold Ltd is a South African gold mining company engaged in surface gold tailings retreatment including exploration, extraction, processing, and smelting. It has two operating segments: the Ergo which is a surface gold retreatment operation that treats old slime dams and sand dumps to the south of Johannesburg's central the business district as well as the East and Central Rand goldfields; and the FWGR which is a surface gold retreatment operation and treats old slime dams in the West Rand goldfields. The Ergo segment derives a vast majority of the revenue.

DRDGold (DRDGold) Headlines

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