Premier African Minerals (LSE:PREM) Total Assets : £40.52 Mil (As of Jun. 2023)

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What is Premier African Minerals Total Assets?

Premier African Minerals's Total Assets for the quarter that ended in Jun. 2023 was £40.52 Mil.

During the past 12 months, Premier African Minerals's average Total Assets Growth Rate was 166.80% per year. During the past 3 years, the average Total Assets Growth Rate was 81.40% per year. During the past 5 years, the average Total Assets Growth Rate was 31.30% per year. During the past 10 years, the average Total Assets Growth Rate was 8.40% per year.

During the past 12 years, Premier African Minerals's highest 3-Year average Total Assets Growth Rate was 81.40%. The lowest was -31.70%. And the median was 29.30%.

Total Assets is connected with ROA %. Premier African Minerals's annualized ROA % for the quarter that ended in Jun. 2023 was -28.16%. Total Assets is also linked to Revenue through Asset Turnover. Premier African Minerals's Asset Turnover for the quarter that ended in Jun. 2023 was 0.00.

Premier African Minerals Total Assets Historical Data

The historical data trend for Premier African 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.

* Premium members only.

Premier African Minerals Total Assets Chart

Premier African Minerals Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Total Assets

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5.02

5.73

6.84

11.55

41.92

Premier African Minerals 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															10.30	11.55	23.40	41.92	40.52

Premier African 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.

Premier African Minerals'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 )
	=	13.785	+	28.132
	=	41.92

Premier African Minerals'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 )
	=	9.863	+	30.658
	=	40.52

Premier African Minerals (LSE:PREM) Total Assets Explanation

Total Assets is connected with ROA %.

Premier African Minerals'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 )
	=	-11.608	/	( (41.916	+	40.521)	/ 2 )
	=	-11.608	/	41.2185
	=	-28.16 %

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.

Premier African Minerals'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	/	( (41.916	+	40.521)	/ 2 )
=	0	/	41.2185
=	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.

Premier African Minerals Total Assets Related Terms

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Premier African Minerals (LSE:PREM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Premier African Minerals Ltd (LSE:PREM) » Definitions » Total Assets

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Traded in Other Exchanges

0PA:Germany

Address

Craigmuir Chambers, P.O. Box 71, Tortola, Road Town, VGB, VG 1110

Website

https://www.premierafricanminerals.com

Premier African Minerals Ltd is a mining company that explores, evaluates, and develops mineral properties focused mainly on tungsten, lithium and tantalum, nickel, and rare earth elements in Africa. The company operates in three segments: RHA and RHA Mauritius, which is engaged in the development and mining of Wolframite; Zulu and Zulu Mauritius, which is engaged in the development of Lithium and Tantalite; and Head office.

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