Genesis Minerals (Genesis Minerals) Total Assets : $727.1 Mil (As of Dec. 2023)

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What is Genesis Minerals Total Assets?

Genesis Minerals's Total Assets for the quarter that ended in Dec. 2023 was $727.1 Mil.

During the past 12 months, Genesis Minerals's average Total Assets Growth Rate was 449.40% per year. During the past 3 years, the average Total Assets Growth Rate was 1589.90% per year. During the past 5 years, the average Total Assets Growth Rate was 593.20% per year. During the past 10 years, the average Total Assets Growth Rate was 160.70% per year.

During the past 13 years, Genesis Minerals's highest 3-Year average Total Assets Growth Rate was 1589.90%. The lowest was -46.60%. And the median was 52.60%.

Total Assets is connected with ROA %. Genesis Minerals's annualized ROA % for the quarter that ended in Dec. 2023 was 3.04%. Total Assets is also linked to Revenue through Asset Turnover. Genesis Minerals's Asset Turnover for the quarter that ended in Dec. 2023 was 0.21.

Genesis Minerals Total Assets Historical Data

The historical data trend for Genesis 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.

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Genesis Minerals Total Assets Chart

Genesis Minerals Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Assets

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1.86

7.81

26.51

27.22

682.21

Genesis Minerals Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial															33.96	27.22	191.83	682.21	727.07

Genesis 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.

Genesis 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 )
	=	571.695	+	110.517
	=	682.2

Genesis 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 )
	=	588.503	+	138.569
	=	727.1

Genesis Minerals (OTCPK:GSISF) Total Assets Explanation

Total Assets is connected with ROA %.

Genesis 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 )
	=	21.424	/	( (682.212	+	727.072)	/ 2 )
	=	21.424	/	704.642
	=	3.04 %

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.

Genesis 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 )
=	144.527	/	( (682.212	+	727.072)	/ 2 )
=	144.527	/	704.642
=	0.21

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.

Genesis Minerals Total Assets Related Terms

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Genesis Minerals (Genesis Minerals) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Genesis Minerals Ltd (OTCPK:GSISF) » Definitions » Total Assets

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GMD:Australia

Address

Level 7, 40 The Esplanade, Perth, WA, AUS, 6000

Website

https://www.genesisminerals.com.au

Genesis Minerals Ltd is an Australian gold exploration company. The Group's sole activity is mineral production, exploration and development of mineral interests in the Leonora region, wholly within Australia It owns an interest in Ulysses Gold Project and Barimaia Gold Project. The company generates revenue from the sale of Gold and Silver, with the majority of revenue coming from the sale of Gold.

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