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K92 Mining (TSX:KNT) Total Assets : C$570.8 Mil (As of Mar. 2024)


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What is K92 Mining Total Assets?

K92 Mining's Total Assets for the quarter that ended in Mar. 2024 was C$570.8 Mil.

Warning Sign:

If a company builds assets at 30.6% a year, faster than its revenue growth rate of 22.5% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, K92 Mining's average Total Assets Growth Rate was 21.60% per year. During the past 3 years, the average Total Assets Growth Rate was 28.70% per year. During the past 5 years, the average Total Assets Growth Rate was 30.60% per year. During the past 10 years, the average Total Assets Growth Rate was 172.90% per year.

During the past 13 years, K92 Mining's highest 3-Year average Total Assets Growth Rate was 1383.10%. The lowest was -33.70%. And the median was 59.10%.

Total Assets is connected with ROA %. K92 Mining's annualized ROA % for the quarter that ended in Mar. 2024 was 2.95%. Total Assets is also linked to Revenue through Asset Turnover. K92 Mining's Asset Turnover for the quarter that ended in Mar. 2024 was 0.14.


K92 Mining Total Assets Historical Data

The historical data trend for K92 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.

* Premium members only.

K92 Mining Total Assets Chart

K92 Mining Annual Data
Trend Aug14 Aug15 Aug16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 204.11 276.05 349.47 503.62 553.86

K92 Mining Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 508.91 515.64 525.37 553.86 570.75

K92 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.

K92 Mining's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets=Total Equity (A: Dec. 2023 )+Total Liabilities (A: Dec. 2023 )
=470.757+83.099
=553.9

K92 Mining'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 )
=481.406+89.344
=570.8

* 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.


K92 Mining  (TSX:KNT) Total Assets Explanation

Total Assets is connected with ROA %.

K92 Mining'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 )
=16.604/( (553.855+570.751)/ 2 )
=16.604/562.303
=2.95 %

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.

K92 Mining'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 )
=80.943/( (553.855+570.751)/ 2 )
=80.943/562.303
=0.14

* 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.

K92 Mining Total Assets Related Terms

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K92 Mining (TSX:KNT) Business Description

Traded in Other Exchanges
Address
1090 West Georgia Street, Suite 488, Vancouver, BC, CAN, V6E 3V7
K92 Mining Inc is engaged in the exploration, development and mining of mineral deposits in Papua New Guinea, specifically the Kainantu Project.
Executives
Nancy Carol La Couvee Senior Officer
Saurabh Handa Director
John Lewins Director
David Gregory Medilek Senior Officer

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