Fortress Minerals (SGX:OAJ) Total Assets : S$130.83 Mil (As of Aug. 2023)

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What is Fortress Minerals Total Assets?

Fortress Minerals's Total Assets for the quarter that ended in Aug. 2023 was S$130.83 Mil.

During the past 12 months, Fortress Minerals's average Total Assets Growth Rate was -4.10% per year. During the past 3 years, the average Total Assets Growth Rate was 41.80% per year. During the past 5 years, the average Total Assets Growth Rate was 43.40% per year.

During the past 8 years, Fortress Minerals's highest 3-Year average Total Assets Growth Rate was 95.80%. The lowest was 41.80%. And the median was 54.50%.

Total Assets is connected with ROA %. Fortress Minerals's annualized ROA % for the quarter that ended in Aug. 2023 was 18.91%. Total Assets is also linked to Revenue through Asset Turnover. Fortress Minerals's Asset Turnover for the quarter that ended in Aug. 2023 was 0.18.

Fortress Minerals Total Assets Historical Data

The historical data trend for Fortress Minerals'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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Fortress Minerals Total Assets Chart

Fortress Minerals Annual Data

Trend

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Total Assets

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33.96

54.67

79.48

123.92

124.80

Fortress Minerals Quarterly Data
	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23
Total Assets	Get a 7-Day Free Trial															129.99	130.46	124.80	130.86	130.83

Fortress Minerals 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.

Fortress Minerals's Total Assets for the fiscal year that ended in Feb. 2023 is calculated as

Total Assets	=	Total Equity (A: Feb. 2023 )	+	Total Liabilities (A: Feb. 2023 )
	=	82.87	+	41.925
	=	124.80

Fortress Minerals's Total Assets for the quarter that ended in Aug. 2023 is calculated as

Total Assets	=	Total Equity (Q: Aug. 2023 )	+	Total Liabilities (Q: Aug. 2023 )
	=	95.516	+	35.31
	=	130.83

Fortress Minerals (SGX:OAJ) Total Assets Explanation

Total Assets is connected with ROA %.

Fortress Minerals's annualized ROA % for the quarter that ended in Aug. 2023 is

ROA %	=	Net Income (Q: Aug. 2023 )	/	( (Total Assets (Q: May. 2023 )	+	Total Assets (Q: Aug. 2023 ))	/ count )
	=	24.748	/	( (130.86	+	130.825)	/ 2 )
	=	24.748	/	130.8425
	=	18.91 %

Note: The Net Income data used here is four times the quarterly (Aug. 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.

Fortress Minerals's Asset Turnover for the quarter that ended in Aug. 2023 is

	Asset Turnover
=	Revenue (Q: Aug. 2023 )	/	( (Total Assets (Q: May. 2023 )	+	Total Assets (Q: Aug. 2023 ))	/ count )
=	23.392	/	( (130.86	+	130.825)	/ 2 )
=	23.392	/	130.8425
=	0.18

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.

Fortress Minerals Total Assets Related Terms

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Fortress Minerals (SGX:OAJ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Fortress Minerals Ltd (SGX:OAJ) » Definitions » Total Assets

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Traded in Other Exchanges

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Address

9-1, Jalan PJS 8/18, Dataran Mentari, Petaling Jaya, SGR, MYS, 46150

Website

https://www.fortress.sg

Fortress Minerals Ltd is an iron ore concentrate miner and exporter in Malaysia. The company engages in exploration, mining, production, and sale of iron ore with low level of impurities. It mines the iron ore from its East, Valley and West Deposits of Bukit Besi Mine situated in the district of Dungun, state of Terengganu in Malaysia. It derives revenue from sale of iron ore.

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