Nova Minerals (Nova Minerals) Total Assets : $74.10 Mil (As of Dec. 2023)

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What is Nova Minerals Total Assets?

Nova Minerals's Total Assets for the quarter that ended in Dec. 2023 was $74.10 Mil.

During the past 12 months, Nova Minerals's average Total Assets Growth Rate was 3.00% per year. During the past 3 years, the average Total Assets Growth Rate was 83.40% per year. During the past 5 years, the average Total Assets Growth Rate was 90.10% per year.

During the past 13 years, Nova Minerals's highest 3-Year average Total Assets Growth Rate was 370.80%. The lowest was -59.50%. And the median was 11.50%.

Total Assets is connected with ROA %. Nova Minerals's annualized ROA % for the quarter that ended in Dec. 2023 was -15.67%. Total Assets is also linked to Revenue through Asset Turnover. Nova Minerals's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Nova Minerals Total Assets Historical Data

The historical data trend for Nova 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.

Nova Minerals Total Assets Chart

Nova Minerals Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Assets

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8.18

14.72

43.48

76.13

82.11

Nova Minerals Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial															112.31	76.13	85.32	82.11	74.10

Nova 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.

Nova Minerals's Total Assets for the fiscal year that ended in Jun. 2023 is calculated as

Total Assets	=	Total Equity (A: Jun. 2023 )	+	Total Liabilities (A: Jun. 2023 )
	=	76.101	+	6.005
	=	82.11

Nova Minerals's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	68.774	+	5.321
	=	74.10

Nova Minerals (OTCPK:NVAAF) Total Assets Explanation

Total Assets is connected with ROA %.

Nova Minerals's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	-12.24	/	( (82.105	+	74.095)	/ 2 )
	=	-12.24	/	78.1
	=	-15.67 %

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.

Nova Minerals's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	0	/	( (82.105	+	74.095)	/ 2 )
=	0	/	78.1
=	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.

Nova Minerals Total Assets Related Terms

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Nova Minerals (Nova Minerals) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nova Minerals Ltd (OTCPK:NVAAF) » Definitions » Total Assets

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QM3:Germany NVA:Australia

Address

242 Hawthorn Road, Suite 5, Caulfield, VIC, AUS, 3161

Website

https://www.novaminerals.com.au

Nova Minerals Ltd is a minerals explorer and developer focused on gold and lithium projects in North America. It has a diversified portfolio of projects across the US, Canada, and Australia. Its key projects include Nova's 6.2Moz Estelle Gold Project on Korbel Main and RPM in Alaska, which holds some of North America's largest gold deposits, and the company's majority-owned Snow Lakes Resources, a proposed zero carbon lithium spodumene project in Canada ideally located on rail access to the US Auto Alley. Nova aims to provide shareholders with diversification through exposure to base and precious metals and to capitalize on the growing demand for lithium-based energy storage.

Nova Minerals (Nova Minerals) Headlines

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