Aspire Mining (ASX:AKM) Total Assets : A$46.01 Mil (As of Dec. 2023)

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What is Aspire Mining Total Assets?

Aspire Mining's Total Assets for the quarter that ended in Dec. 2023 was A$46.01 Mil.

During the past 12 months, Aspire Mining's average Total Assets Growth Rate was -22.00% per year. During the past 3 years, the average Total Assets Growth Rate was -1.00% per year. During the past 10 years, the average Total Assets Growth Rate was -1.40% per year.

During the past 13 years, Aspire Mining's highest 3-Year average Total Assets Growth Rate was 216.20%. The lowest was -5.50%. And the median was -0.15%.

Total Assets is connected with ROA %. Aspire Mining's annualized ROA % for the quarter that ended in Dec. 2023 was -9.23%. Total Assets is also linked to Revenue through Asset Turnover. Aspire Mining's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Aspire Mining Total Assets Historical Data

The historical data trend for Aspire Mining'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.

Aspire Mining Total Assets Chart

Aspire Mining Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Total Assets

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43.86

50.11

78.12

69.04

69.01

Aspire Mining 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															71.99	69.01	67.94	102.30	46.01

Aspire Mining 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.

Aspire Mining's Total Assets for the fiscal year that ended in Jun. 2022 is calculated as

Total Assets	=	Total Equity (A: Jun. 2022 )	+	Total Liabilities (A: Jun. 2022 )
	=	68.64	+	0.37
	=	69.01

Aspire Mining'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 )
	=	45.797	+	0.217
	=	46.01

Aspire Mining (ASX:AKM) Total Assets Explanation

Total Assets is connected with ROA %.

Aspire Mining'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 )
	=	-6.846	/	( (102.297	+	46.014)	/ 2 )
	=	-6.846	/	74.1555
	=	-9.23 %

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.

Aspire Mining'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	/	( (102.297	+	46.014)	/ 2 )
=	0	/	74.1555
=	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.

Aspire Mining Total Assets Related Terms

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Aspire Mining (ASX:AKM) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Aspire Mining Ltd (ASX:AKM) » Definitions » Total Assets

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WKU:Germany

Address

126-130 Phillip Street, Level 5, Sydney, NSW, AUS, 6000

Website

https://www.aspiremininglimited.com

Aspire Mining Ltd is a mineral exploration and development company. It principally engages in the business of exploring coal and progresses on the approval process for the development and funding of a rail line in northern Mongolia. It holds interests in various assets that are located in Mongolia. The company's segments include Australia, Mongolia, and Singapore. It also holds an interest in other projects such as the Ovoot coking coal, Nuurstei coal and coking coal market. The Ovoot project is a large-scale coking coal project. Majority of the company's revenue comes from Australian segment.

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