Empire Metals (LSE:EEE) Total Assets : £5.39 Mil (As of Jun. 2023)

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What is Empire Metals Total Assets?

Empire Metals's Total Assets for the quarter that ended in Jun. 2023 was £5.39 Mil.

During the past 12 months, Empire Metals's average Total Assets Growth Rate was 32.70% per year. During the past 3 years, the average Total Assets Growth Rate was 163.60% per year. During the past 5 years, the average Total Assets Growth Rate was 10.00% per year. During the past 10 years, the average Total Assets Growth Rate was -13.00% per year.

During the past 13 years, Empire Metals's highest 3-Year average Total Assets Growth Rate was 163.60%. The lowest was -74.40%. And the median was 46.05%.

Total Assets is connected with ROA %. Empire Metals's annualized ROA % for the quarter that ended in Jun. 2023 was -40.42%. Total Assets is also linked to Revenue through Asset Turnover. Empire Metals's Asset Turnover for the quarter that ended in Jun. 2023 was 0.00.

Empire Metals Total Assets Historical Data

The historical data trend for Empire Metals'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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Empire Metals Total Assets Chart

Empire Metals Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Total Assets

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0.70

0.24

3.47

4.25

4.88

Empire Metals Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Total Assets	Get a 7-Day Free Trial															5.08	4.25	5.38	4.88	5.39

Empire Metals 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.

Empire Metals's Total Assets for the fiscal year that ended in Dec. 2022 is calculated as

Total Assets	=	Total Equity (A: Dec. 2022 )	+	Total Liabilities (A: Dec. 2022 )
	=	4.766	+	0.11
	=	4.88

Empire Metals'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 )
	=	5.131	+	0.256
	=	5.39

Empire Metals (LSE:EEE) Total Assets Explanation

Total Assets is connected with ROA %.

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

ROA %	=	Net Income (Q: Jun. 2023 )	/	( (Total Assets (Q: Dec. 2022 )	+	Total Assets (Q: Jun. 2023 ))	/ count )
	=	-2.074	/	( (4.876	+	5.387)	/ 2 )
	=	-2.074	/	5.1315
	=	-40.42 %

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

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

	Asset Turnover
=	Revenue (Q: Jun. 2023 )	/	( (Total Assets (Q: Dec. 2022 )	+	Total Assets (Q: Jun. 2023 ))	/ count )
=	0	/	( (4.876	+	5.387)	/ 2 )
=	0	/	5.1315
=	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.

Empire Metals Total Assets Related Terms

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Empire Metals (LSE:EEE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Empire Metals Ltd (LSE:EEE) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

EEE.GB:UK NOGN:Germany

Address

Craigmuir Chambers, PO Box 71, Road Town, Tortola, VGB, VG1110

Website

https://www.empiremetals.co.uk

Empire Metals Ltd is an exploration and resource development company with a project portfolio comprising gold interests in Australia and Austria. The company develops a pipeline of projects with its main focus on the high-grade Eclipse and Gindalbie Gold Projects in Western Australia. The company's project portfolio includes the Pitfield Copper-Gold Project and the Walton Copper-Gold Project in Western Australia and the Stavely Copper-Gold Project in the Stavely Arc region of Victoria. It has a high-grade gold exploration portfolio in Austria which includes Rotgulden, Schonberg and Walchen prospects.

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