Australian Silica Quartz Group (ASX:ASQ) Total Assets : A$5.54 Mil (As of Dec. 2023)

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What is Australian Silica Quartz Group Total Assets?

Australian Silica Quartz Group's Total Assets for the quarter that ended in Dec. 2023 was A$5.54 Mil.

During the past 12 months, Australian Silica Quartz Group's average Total Assets Growth Rate was 1.20% per year. During the past 3 years, the average Total Assets Growth Rate was 21.00% per year. During the past 5 years, the average Total Assets Growth Rate was 10.00% per year. During the past 10 years, the average Total Assets Growth Rate was -8.50% per year.

During the past 13 years, Australian Silica Quartz Group's highest 3-Year average Total Assets Growth Rate was 143.30%. The lowest was -29.50%. And the median was -8.80%.

Total Assets is connected with ROA %. Australian Silica Quartz Group's annualized ROA % for the quarter that ended in Dec. 2023 was -23.33%. Total Assets is also linked to Revenue through Asset Turnover. Australian Silica Quartz Group's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Australian Silica Quartz Group Total Assets Historical Data

The historical data trend for Australian Silica Quartz Group'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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Australian Silica Quartz Group Total Assets Chart

Australian Silica Quartz Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Assets

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6.33

5.49

8.48

7.42

6.89

Australian Silica Quartz Group 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															7.80	7.42	6.50	6.89	5.54

Australian Silica Quartz Group 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.

Australian Silica Quartz Group'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 )
	=	5.612	+	1.279
	=	6.89

Australian Silica Quartz Group'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 )
	=	5.038	+	0.501
	=	5.54

Australian Silica Quartz Group (ASX:ASQ) Total Assets Explanation

Total Assets is connected with ROA %.

Australian Silica Quartz Group'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 )
	=	-1.45	/	( (6.891	+	5.539)	/ 2 )
	=	-1.45	/	6.215
	=	-23.33 %

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.

Australian Silica Quartz Group'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	/	( (6.891	+	5.539)	/ 2 )
=	0	/	6.215
=	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.

Australian Silica Quartz Group Total Assets Related Terms

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Australian Silica Quartz Group (ASX:ASQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Australian Silica Quartz Group Ltd (ASX:ASQ) » Definitions » Total Assets

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BXRDF:USA

Address

295 Rokeby Road, Suite 10, Subiaco, Perth, WA, AUS, 6008

Website

http://www.asqg.com.au

Australian Silica Quartz Group Ltd together with its subsidiaries is engaged in the acquisition, exploration, and development of bauxite mineral deposits in Western Australia. The company holds interests in Darling Range Project, Athena- HD Mining, Dionysus-HD Mining and Ceres-HD Mining. The Group operates in one operating segment and one geographical segment, Mineral Exploration in Australia.

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