Thungela Resources (Thungela Resources) Total Assets : $2,495 Mil (As of Dec. 2023)

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What is Thungela Resources Total Assets?

Thungela Resources's Total Assets for the quarter that ended in Dec. 2023 was $2,495 Mil.

During the past 12 months, Thungela Resources's average Total Assets Growth Rate was 40.60% per year. During the past 3 years, the average Total Assets Growth Rate was 29.40% per year. During the past 5 years, the average Total Assets Growth Rate was 11.60% per year.

During the past 6 years, Thungela Resources's highest 3-Year average Total Assets Growth Rate was 29.40%. The lowest was 1.00%. And the median was 12.10%.

Total Assets is connected with ROA %. Thungela Resources's annualized ROA % for the quarter that ended in Dec. 2023 was 9.78%. Total Assets is also linked to Revenue through Asset Turnover. Thungela Resources's Asset Turnover for the quarter that ended in Dec. 2023 was 0.38.

Thungela Resources Total Assets Historical Data

The historical data trend for Thungela Resources'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.

Thungela Resources Total Assets Chart

Thungela Resources Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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1,278.33

1,135.35

1,968.65

2,348.09

2,494.85

Thungela Resources Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial					1,968.65	2,554.13	2,348.09	2,071.35	2,494.85

Thungela Resources 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.

Thungela Resources'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 )
	=	1320.038	+	1174.81
	=	2,495

Thungela Resources'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 )
	=	1320.038	+	1174.81
	=	2,495

Thungela Resources (OTCPK:TNGRF) Total Assets Explanation

Total Assets is connected with ROA %.

Thungela Resources'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 )
	=	223.37	/	( (2071.348	+	2494.848)	/ 2 )
	=	223.37	/	2283.098
	=	9.78 %

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.

Thungela Resources'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 )
=	873.46	/	( (2071.348	+	2494.848)	/ 2 )
=	873.46	/	2283.098
=	0.38

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.

Thungela Resources Total Assets Related Terms

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Thungela Resources (Thungela Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Thungela Resources Ltd (OTCPK:TNGRF) » Definitions » Total Assets

Traded in Other Exchanges

TGA:South Africa TGAl:UK TGA:UK 6UP:Germany

Address

25 Bath Avenue, Rosebank, Johannesburg, GT, ZAF, 2196

Website

https://www.thungela.com

Thungela Resources Ltd is a pure-play producer and exporter of thermal coal in South Africa. It owns interests in various mining operations, namely Goedehoop, Greenside, Isibonelo, Khwezela, AAIC, Mafube Coal Mining and Butsanani Energy which consist of both underground and open cast mines located in the Mpumalanga province of South Africa.

Thungela Resources (Thungela Resources) Headlines

From GuruFocus

Thungela Resources Ltd (TNGRF): A Comprehensive Analysis of its Dividend Performance

By GuruFocus Research • 09-20-2023