African Pioneer (LSE:AFP) Total Assets : £5.49 Mil (As of Jun. 2024)

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What is African Pioneer Total Assets?

African Pioneer's Total Assets for the quarter that ended in Jun. 2024 was £5.49 Mil.

During the past 12 months, African Pioneer's average Total Assets Growth Rate was -4.70% per year. During the past 3 years, the average Total Assets Growth Rate was 274.10% per year. During the past 5 years, the average Total Assets Growth Rate was 162.30% per year.

During the past 6 years, African Pioneer's highest 3-Year average Total Assets Growth Rate was 274.10%. The lowest was 221.50%. And the median was 264.30%.

Total Assets is connected with ROA %. African Pioneer's annualized ROA % for the quarter that ended in Jun. 2024 was -11.60%. Total Assets is also linked to Revenue through Asset Turnover. African Pioneer's Asset Turnover for the quarter that ended in Jun. 2024 was 0.00.

African Pioneer Total Assets Historical Data

The historical data trend for African Pioneer'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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African Pioneer Total Assets Chart

African Pioneer Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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0.11

0.19

6.15

5.59

5.61

African Pioneer Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Total Assets	Get a 7-Day Free Trial						5.91	5.59	6.06	5.61	5.49

African Pioneer 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.

African Pioneer's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	5.214	+	0.392
	=	5.61

African Pioneer'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 )
	=	4.916	+	0.578
	=	5.49

African Pioneer (LSE:AFP) Total Assets Explanation

Total Assets is connected with ROA %.

African Pioneer'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 )
	=	-0.644	/	( (5.606	+	5.494)	/ 2 )
	=	-0.644	/	5.55
	=	-11.60 %

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.

African Pioneer'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 )
=	0	/	( (5.606	+	5.494)	/ 2 )
=	0	/	5.55
=	0.00

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.

African Pioneer Total Assets Related Terms

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African Pioneer Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » African Pioneer PLC (LSE:AFP) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

19-21 Circular Road, Douglas, IMN, IM1 1AF

Website

https://www.africanpioneerplc.com

African Pioneer PLC is engaged in exploring opportunities within the natural resources sector in Sub-Saharan Africa, with a focus on base and precious metals including but not limited to copper, nickel, and zinc. The company' tends to enhance the value of its mineral resource Projects located in Namibia, Zambia, and Botswana through exploration and technical studies conducted by the company or through a joint venture or other arrangements to establish the Projects.

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