Iris Energy (Iris Energy) Total Assets : $723.6 Mil (As of Mar. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Iris Energy Total Assets?

Iris Energy's Total Assets for the quarter that ended in Mar. 2024 was $723.6 Mil.

During the past 12 months, Iris Energy's average Total Assets Growth Rate was 24.00% per year. During the past 3 years, the average Total Assets Growth Rate was 201.30% per year.

During the past 4 years, Iris Energy's highest 3-Year average Total Assets Growth Rate was 201.30%. The lowest was 201.30%. And the median was 201.30%.

Total Assets is connected with ROA %. Iris Energy's annualized ROA % for the quarter that ended in Mar. 2024 was 6.06%. Total Assets is also linked to Revenue through Asset Turnover. Iris Energy's Asset Turnover for the quarter that ended in Mar. 2024 was 0.09.

Iris Energy Total Assets Historical Data

The historical data trend for Iris Energy'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.

Iris Energy Total Assets Chart

Iris Energy Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Total Assets

11.57

134.47

570.46

332.07

Iris Energy Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial									411.96	-	332.07	417.17	723.60

Iris Energy 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.

Iris Energy'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 )
	=	305.361	+	26.713
	=	332.1

Iris Energy's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	677.24	+	46.363
	=	723.6

Iris Energy (NAS:IREN) Total Assets Explanation

Total Assets is connected with ROA %.

Iris Energy's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	34.552	/	( (417.167	+	723.603)	/ 2 )
	=	34.552	/	570.385
	=	6.06 %

Note: The Net Income data used here is four times the quarterly (Mar. 2024) 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.

Iris Energy's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	53.95	/	( (417.167	+	723.603)	/ 2 )
=	53.95	/	570.385
=	0.09

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.

Iris Energy Total Assets Related Terms

Thank you for viewing the detailed overview of Iris Energy's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

Iris Energy (Iris Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Iris Energy Ltd (NAS:IREN) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

F8P:Germany

Address

44 Market Street, Level 12, Sydney, NSW, AUS, 2000

Website

https://www.irisenergy.co

Iris Energy Ltd is a Bitcoin mining company. It builds, owns, and operates data centers and electrical infrastructure for the mining of Bitcoin powered by renewable energy. The company's mining operations generate revenue by earning Bitcoin through a combination of block rewards and transaction fees from the operation of its specialized computers called Application-specific Integrated Circuits and exchanging these Bitcoin for currencies such as USD or CAD on a daily basis.