Mitre Mining (ASX:MMC) Total Assets : A$4.18 Mil (As of Dec. 2023)

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What is Mitre Mining Total Assets?

Mitre Mining's Total Assets for the quarter that ended in Dec. 2023 was A$4.18 Mil.

During the past 12 months, Mitre Mining's average Total Assets Growth Rate was 22.30% per year.

Total Assets is connected with ROA %. Mitre Mining's annualized ROA % for the quarter that ended in Dec. 2023 was -135.71%. Total Assets is also linked to Revenue through Asset Turnover. Mitre Mining's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Mitre Mining Total Assets Historical Data

The historical data trend for Mitre 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.

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Mitre Mining Total Assets Chart

Mitre Mining Annual Data

Trend

Jun22

Jun23

Total Assets

4.35

4.41

Mitre Mining Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	4.43	4.35	4.02	4.41	4.18

Mitre 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.

Mitre Mining'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 )
	=	4.209	+	0.203
	=	4.41

Mitre 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 )
	=	3.828	+	0.355
	=	4.18

Mitre Mining (ASX:MMC) Total Assets Explanation

Total Assets is connected with ROA %.

Mitre 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 )
	=	-5.832	/	( (4.412	+	4.183)	/ 2 )
	=	-5.832	/	4.2975
	=	-135.71 %

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.

Mitre 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	/	( (4.412	+	4.183)	/ 2 )
=	0	/	4.2975
=	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.

Mitre Mining Total Assets Related Terms

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Mitre Mining (ASX:MMC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Mitre Mining Corp Ltd (ASX:MMC) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 Richardson Street, Level 2, West Perth, Perth, VIC, AUS, 6005

Website

https://www.mitremining.com.au

Mitre Mining Corp Ltd is a gold and base metals exploration company in Australia. Its project is EL9146 in the eastern Lachlan Fold Belt near Batemans Bay on the New South Wales south coast, East Pilbara, and Mt Alexander project.