Australian Mines (ASX:AUZ) Total Assets : A$44.91 Mil (As of Dec. 2023)

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What is Australian Mines Total Assets?

Australian Mines's Total Assets for the quarter that ended in Dec. 2023 was A$44.91 Mil.

During the past 12 months, Australian Mines's average Total Assets Growth Rate was 2.30% per year. During the past 3 years, the average Total Assets Growth Rate was 5.50% per year. During the past 5 years, the average Total Assets Growth Rate was 10.40% per year. During the past 10 years, the average Total Assets Growth Rate was 40.70% per year.

During the past 13 years, Australian Mines's highest 3-Year average Total Assets Growth Rate was 308.30%. The lowest was -47.20%. And the median was 6.15%.

Total Assets is connected with ROA %. Australian Mines's annualized ROA % for the quarter that ended in Dec. 2023 was -15.23%. Total Assets is also linked to Revenue through Asset Turnover. Australian Mines's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Australian Mines Total Assets Historical Data

The historical data trend for Australian Mines'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 Mines Total Assets Chart

Australian Mines Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Assets

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34.76

37.93

37.23

42.22

45.32

Australian Mines 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															41.14	42.22	47.05	45.32	44.91

Australian Mines 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 Mines'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 )
	=	41.469	+	3.846
	=	45.32

Australian Mines'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 )
	=	40.779	+	4.127
	=	44.91

Australian Mines (ASX:AUZ) Total Assets Explanation

Total Assets is connected with ROA %.

Australian Mines'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 )
	=	-6.872	/	( (45.315	+	44.906)	/ 2 )
	=	-6.872	/	45.1105
	=	-15.23 %

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.

Australian Mines'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	/	( (45.315	+	44.906)	/ 2 )
=	0	/	45.1105
=	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 Mines Total Assets Related Terms

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Australian Mines (ASX:AUZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Australian Mines Ltd (ASX:AUZ) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

AMSLF:USA MJH:Germany

Address

1 Eagle Street, Level 34, Brisbane, QLD, AUS, 4000

Website

https://www.australianmines.com.au

Australian Mines Ltd is a resource company. It is engaged in the exploration of battery metals. The company is developing cobalt-scandium-nickel projects in Australia. Its projects include the Sconi project, Flemington project, Thackaringa Cobalt project, and Bell Creek Nickel- cobalt Project. The Company operates in one reportable segment, being mining in Australia. It operates in one single reportable geographical segment which is Australia.

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