Heavy Rare Earths (ASX:HRE) Total Assets : A$5.15 Mil (As of Dec. 2023)

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What is Heavy Rare Earths Total Assets?

Heavy Rare Earths's Total Assets for the quarter that ended in Dec. 2023 was A$5.15 Mil.

During the past 12 months, Heavy Rare Earths's average Total Assets Growth Rate was 29.80% per year.

Total Assets is connected with ROA %. Heavy Rare Earths's annualized ROA % for the quarter that ended in Dec. 2023 was -17.56%. Total Assets is also linked to Revenue through Asset Turnover. Heavy Rare Earths's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Heavy Rare Earths Total Assets Historical Data

The historical data trend for Heavy Rare Earths'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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Heavy Rare Earths Total Assets Chart

Heavy Rare Earths Annual Data

Trend

Jun23

Total Assets

5.56

Heavy Rare Earths Semi-Annual Data
	Jun22	Jun23	Dec23
Total Assets	6.50	5.56	5.15

Heavy Rare Earths 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.

Heavy Rare Earths'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 )
	=	5.39	+	0.174
	=	5.56

Heavy Rare Earths'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 )
	=	4.932	+	0.213
	=	5.15

Heavy Rare Earths (ASX:HRE) Total Assets Explanation

Total Assets is connected with ROA %.

Heavy Rare Earths'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 )
	=	-0.94	/	( (5.564	+	5.145)	/ 2 )
	=	-0.94	/	5.3545
	=	-17.56 %

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.

Heavy Rare Earths'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	/	( (5.564	+	5.145)	/ 2 )
=	0	/	5.3545
=	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.

Heavy Rare Earths Total Assets Related Terms

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Heavy Rare Earths (ASX:HRE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Heavy Rare Earths Ltd (ASX:HRE) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

459 Collins Street, Level 21, Melbourne, VIC, AUS, 3000

Website

https://www.hreltd.com.au

Heavy Rare Earths Ltd is an Australian rare earth exploration company with projects in Western Australia and the Northern Territory. The firm's key exploration project is Cowalinya in Western Australia. This is a clay-hosted rare earth project. It holds interest in Duke rare earth project. Rare earth materials are used in a wide array of technology and future-facing applications, including smartphones, wind energy, and hybrid and electric vehicles.

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