Alba Mineral Resources (LSE:ALBA) Total Assets : £9.92 Mil (As of Nov. 2023)

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What is Alba Mineral Resources Total Assets?

Alba Mineral Resources's Total Assets for the quarter that ended in Nov. 2023 was £9.92 Mil.

During the past 12 months, Alba Mineral Resources's average Total Assets Growth Rate was -13.30% per year. During the past 3 years, the average Total Assets Growth Rate was 3.60% per year. During the past 5 years, the average Total Assets Growth Rate was 4.50% per year. During the past 10 years, the average Total Assets Growth Rate was 31.10% per year.

During the past 13 years, Alba Mineral Resources's highest 3-Year average Total Assets Growth Rate was 81.40%. The lowest was -14.20%. And the median was 7.90%.

Total Assets is connected with ROA %. Alba Mineral Resources's annualized ROA % for the quarter that ended in Nov. 2023 was -42.88%. Total Assets is also linked to Revenue through Asset Turnover. Alba Mineral Resources's Asset Turnover for the quarter that ended in Nov. 2023 was 0.00.

Alba Mineral Resources Total Assets Historical Data

The historical data trend for Alba Mineral Resources'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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Alba Mineral Resources Total Assets Chart

Alba Mineral Resources Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Total Assets

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8.87

10.35

13.76

11.79

9.92

Alba Mineral Resources Semi-Annual Data
	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Total Assets	Get a 7-Day Free Trial															13.76	12.80	11.79	11.52	9.92

Alba Mineral Resources 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.

Alba Mineral Resources's Total Assets for the fiscal year that ended in Nov. 2023 is calculated as

Total Assets	=	Total Equity (A: Nov. 2023 )	+	Total Liabilities (A: Nov. 2023 )
	=	9.7	+	0.22
	=	9.92

Alba Mineral Resources's Total Assets for the quarter that ended in Nov. 2023 is calculated as

Total Assets	=	Total Equity (Q: Nov. 2023 )	+	Total Liabilities (Q: Nov. 2023 )
	=	9.7	+	0.22
	=	9.92

Alba Mineral Resources (LSE:ALBA) Total Assets Explanation

Total Assets is connected with ROA %.

Alba Mineral Resources's annualized ROA % for the quarter that ended in Nov. 2023 is

ROA %	=	Net Income (Q: Nov. 2023 )	/	( (Total Assets (Q: May. 2023 )	+	Total Assets (Q: Nov. 2023 ))	/ count )
	=	-4.596	/	( (11.519	+	9.92)	/ 2 )
	=	-4.596	/	10.7195
	=	-42.88 %

Note: The Net Income data used here is two times the semi-annual (Nov. 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.

Alba Mineral Resources's Asset Turnover for the quarter that ended in Nov. 2023 is

	Asset Turnover
=	Revenue (Q: Nov. 2023 )	/	( (Total Assets (Q: May. 2023 )	+	Total Assets (Q: Nov. 2023 ))	/ count )
=	0	/	( (11.519	+	9.92)	/ 2 )
=	0	/	10.7195
=	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.

Alba Mineral Resources Total Assets Related Terms

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Alba Mineral Resources (LSE:ALBA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Alba Mineral Resources PLC (LSE:ALBA) » Definitions » Total Assets

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Traded in Other Exchanges

ALBAF:USA ALBA.GB:UK

Address

60 Gracechurch Street, 6th Floor, London, GBR, EC3V 0HR

Website

https://www.albamineralresources.com

Alba Mineral Resources PLC is an explorer with a commodity and owns and operates mining projects in Greenland (graphite, ilmenite, and iron ore), Wales (gold), as well as having an investment in the onshore UK oil and gas sector. The Group currently only has one primary reporting business segment, exploration and development. It operates geographically in areas including the Republic of Ireland, Greenland and England & Wales. Its project includes Clogau Gold Project, GreenRoc Mining plc- Amitsoq Graphite Project, Horse Hill Oil Project and Limerick Base Metals.

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