South32's Total Assets for the quarter that ended in Dec. 2023 was £11,374 Mil.
During the past 12 months, South32's average Total Assets Growth Rate was -2.90% per year.
During the past 3 years, the average Total Assets Growth Rate was 3.20% per year.
During the past 5 years, the average Total Assets Growth Rate was 2.70% per year.
During the past 10 years, the average Total Assets Growth Rate was 6.70% per year.
During the past 12 years, South32's highest 3-Year average Total Assets Growth Rate was 74.70%. The lowest was -6.90%. And the median was 1.20%.
Total Assets is connected with ROA %. South32's annualizedROA % for the quarter that ended in Dec. 2023 was 0.73%. Total Assets is also linked to Revenue through Asset Turnover. South32's Asset Turnover for the quarter that ended in Dec. 2023 was 0.22.
South32 Total Assets Historical Data
The historical data trend for South32'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.
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.
South32's Total Assets for the fiscal year that ended in Jun. 2023 is calculated as
* 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.
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.
South32's Asset Turnover for the quarter that ended in Dec. 2023 is
* 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.
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.
South32 Total Assets Related Terms
Thank you for viewing the detailed overview of South32's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
South32 was born of the demerger of noncore assets from BHP in 2015. South32's major operations include alumina businesses in Australia and Brazil, aluminium in Brazil, South Africa, and Mozambique, manganese businesses in Australia and South Africa, and New South Wales metallurgical coal. It also owns the Cannington silver/lead/zinc mine in northwest Queensland and the Cerro Matoso nickel mine in Colombia. Cannington silver mine and manganese operations deliver high returns, but have relatively short reserve life. The company acquired Arizona Mining, which brings with it the high-grade and likely low-cost Taylor deposit in the U.S., and also entered the copper business in 2022 via the purchase of a 45% stake in the Sierra Gorda mine in Chile.
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