Reach Resources (ASX:RR1) Total Assets : A$10.81 Mil (As of Dec. 2023)

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What is Reach Resources Total Assets?

Reach Resources's Total Assets for the quarter that ended in Dec. 2023 was A$10.81 Mil.

During the past 12 months, Reach Resources's average Total Assets Growth Rate was 64.90% per year. During the past 3 years, the average Total Assets Growth Rate was 46.70% per year. During the past 5 years, the average Total Assets Growth Rate was 29.40% per year. During the past 10 years, the average Total Assets Growth Rate was 64.00% per year.

During the past 13 years, Reach Resources's highest 3-Year average Total Assets Growth Rate was 637.70%. The lowest was -72.50%. And the median was -0.30%.

Total Assets is connected with ROA %. Reach Resources's annualized ROA % for the quarter that ended in Dec. 2023 was -11.91%. Total Assets is also linked to Revenue through Asset Turnover. Reach Resources's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Reach Resources Total Assets Historical Data

The historical data trend for Reach 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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Reach Resources Total Assets Chart

Reach Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Assets

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2.01

2.15

3.95

6.08

6.55

Reach Resources 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															4.14	6.08	5.76	6.55	10.81

Reach 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.

Reach Resources'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 )
	=	6.027	+	0.525
	=	6.55

Reach Resources'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 )
	=	9.843	+	0.971
	=	10.81

Reach Resources (ASX:RR1) Total Assets Explanation

Total Assets is connected with ROA %.

Reach Resources'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 )
	=	-1.034	/	( (6.551	+	10.814)	/ 2 )
	=	-1.034	/	8.6825
	=	-11.91 %

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.

Reach Resources'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 )
=	0	/	( (6.551	+	10.814)	/ 2 )
=	0	/	8.6825
=	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.

Reach Resources Total Assets Related Terms

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Reach Resources (ASX:RR1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Reach Resources Ltd (ASX:RR1) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

216 St Georges Terrace, Level 4, South Perth, Perth, WA, AUS, 6000

Website

https://www.reachresources.com.au

Reach Resources Ltd is a gold and base metals exploration company. It is currently involved in the Primrose Gold Project and the Skyline Rare Earth project. Skyline Rare Earth project is in the Gascoyne province of Western Australia. The Company acquired additional rare earth ground via Critical Elements Pty Ltd which is approximately 80km south of the Skyline Rare Earth project.

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