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Pacific Nickel Mines (ASX:PNM) Total Assets : A$57.12 Mil (As of Dec. 2023)


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What is Pacific Nickel Mines Total Assets?

Pacific Nickel Mines's Total Assets for the quarter that ended in Dec. 2023 was A$57.12 Mil.

During the past 12 months, Pacific Nickel Mines's average Total Assets Growth Rate was 207.50% per year. During the past 3 years, the average Total Assets Growth Rate was 93.50% per year. During the past 5 years, the average Total Assets Growth Rate was 15.90% per year. During the past 10 years, the average Total Assets Growth Rate was -8.50% per year.

During the past 13 years, Pacific Nickel Mines's highest 3-Year average Total Assets Growth Rate was 93.50%. The lowest was -34.80%. And the median was 17.00%.

Total Assets is connected with ROA %. Pacific Nickel Mines's annualized ROA % for the quarter that ended in Dec. 2023 was -17.45%. Total Assets is also linked to Revenue through Asset Turnover. Pacific Nickel Mines's Asset Turnover for the quarter that ended in Dec. 2023 was 0.06.


Pacific Nickel Mines Total Assets Historical Data

The historical data trend for Pacific Nickel 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.

* Premium members only.

Pacific Nickel Mines Total Assets Chart

Pacific Nickel Mines Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Total Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.01 3.33 7.26 11.67 25.04

Pacific Nickel 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 11.75 11.67 17.49 25.04 57.12

Pacific Nickel 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.

Pacific Nickel 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 )
=19.637+5.406
=25.04

Pacific Nickel 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 )
=17.43+39.687
=57.12

* 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.


Pacific Nickel Mines  (ASX:PNM) Total Assets Explanation

Total Assets is connected with ROA %.

Pacific Nickel 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 )
=-7.17/( (25.043+57.117)/ 2 )
=-7.17/41.08
=-17.45 %

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.

Pacific Nickel 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 )
=2.441/( (25.043+57.117)/ 2 )
=2.441/41.08
=0.06

* 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.

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.

Pacific Nickel Mines Total Assets Related Terms

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Pacific Nickel Mines (ASX:PNM) Business Description

Traded in Other Exchanges
Address
283 George Street, Level 4, Sydney, NSW, AUS, 2000
Pacific Nickel Mines Ltd is engaged in the operation, development, and exploration of mineral deposits. The company operates through two geographical segments: Lorena and Solomon Islands. The Lorena segment is engaged in the development of the company's main project, the Lorena Gold Project near Cloncurry in northwest Queensland. The Solomon Islands segment includes development of the company's interest in the Kolosori Nickel Project and Jejevo Nickel Project on the Santa Isabel Island. It operates within one segment which is mineral exploration and development in Australia.