MMG (MMLTF) Total Assets : $15,290 Mil (As of Jun. 2024)

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What is MMG Total Assets?

MMG's Total Assets for the quarter that ended in Jun. 2024 was $15,290 Mil.

During the past 12 months, MMG's average Total Assets Growth Rate was 19.90% per year. During the past 3 years, the average Total Assets Growth Rate was -0.50% per year. During the past 5 years, the average Total Assets Growth Rate was -0.90% per year. During the past 10 years, the average Total Assets Growth Rate was 3.60% per year.

During the past 13 years, MMG's highest 3-Year average Total Assets Growth Rate was 151.50%. The lowest was -5.20%. And the median was 18.60%.

Total Assets is connected with ROA %. MMG's annualized ROA % for the quarter that ended in Jun. 2024 was 0.31%. Total Assets is also linked to Revenue through Asset Turnover. MMG's Asset Turnover for the quarter that ended in Jun. 2024 was 0.14.

MMG Total Assets Historical Data

The historical data trend for MMG'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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MMG Total Assets Chart

MMG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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12,665.10

12,298.00

13,024.10

12,535.50

11,900.80

MMG Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Total Assets	Get a 7-Day Free Trial															12,505.80	12,535.50	12,718.80	11,900.80	15,290.30

MMG 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.

MMG'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 )
	=	4312	+	7588.8
	=	11,901

MMG'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 )
	=	4850.2	+	10440.1
	=	15,290

MMG (OTCPK:MMLTF) Total Assets Explanation

Total Assets is connected with ROA %.

MMG'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 )
	=	42.2	/	( (11900.8	+	15290.3)	/ 2 )
	=	42.2	/	13595.55
	=	0.31 %

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.

MMG'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 )
=	1918.2	/	( (11900.8	+	15290.3)	/ 2 )
=	1918.2	/	13595.55
=	0.14

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.

MMG Total Assets Related Terms

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MMG Business Description

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01208:Hong Kong OMS1:Germany

Address

79 Chatham Road South, Unit 1208, 12th Floor, China Minmetals Tower, Tsimshatsui, Kowloon, Hong Kong, HKG

Website

https://www.mmg.com

MMG Ltd is engaged in the exploration, development, and mining of zinc, copper, gold, silver, and lead deposits around the world. The group has five reportable operating segments namely Dugald River, Kinsevere, Rosebery, Las Bambas, and others. Las Bambas mine is an open-pit, scalable, long-life copper and molybdenum mining operation; Kinsevere is an open-pit copper mining operation located in the Haut-Katanga Province; Dugald River mine is an underground zinc mining operation located near Cloncurry in North West Queensland; Rosebery is an underground polymetallic base metal mining operation located on Tasmania's west coast; and Other Includes corporate entities in the Group. The majority of revenue comes from the Las Bambas segment. The key revenue by metal is derived from Copper.