South Harz Potash (ASX:SHP) Total Assets : A$4.64 Mil (As of Dec. 2023)

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What is South Harz Potash Total Assets?

South Harz Potash's Total Assets for the quarter that ended in Dec. 2023 was A$4.64 Mil.

During the past 12 months, South Harz Potash's average Total Assets Growth Rate was 6.60% per year. During the past 3 years, the average Total Assets Growth Rate was -10.00% per year. During the past 5 years, the average Total Assets Growth Rate was -10.50% per year.

During the past 7 years, South Harz Potash's highest 3-Year average Total Assets Growth Rate was 88.00%. The lowest was -11.20%. And the median was -7.95%.

Total Assets is connected with ROA %. South Harz Potash's annualized ROA % for the quarter that ended in Dec. 2023 was -246.93%. Total Assets is also linked to Revenue through Asset Turnover. South Harz Potash's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

South Harz Potash Total Assets Historical Data

The historical data trend for South Harz Potash'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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South Harz Potash Total Assets Chart

South Harz Potash Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Assets

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3.81

3.53

11.59

9.19

4.73

South Harz Potash Semi-Annual Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial									12.86	9.19	8.16	4.73	4.64

South Harz Potash 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.

South Harz Potash'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 )
	=	3.389	+	1.344
	=	4.73

South Harz Potash'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 )
	=	2.351	+	2.293
	=	4.64

South Harz Potash (ASX:SHP) Total Assets Explanation

Total Assets is connected with ROA %.

South Harz Potash'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 )
	=	-11.576	/	( (4.733	+	4.643)	/ 2 )
	=	-11.576	/	4.688
	=	-246.93 %

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.

South Harz Potash'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	/	( (4.733	+	4.643)	/ 2 )
=	0	/	4.688
=	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.

South Harz Potash Total Assets Related Terms

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South Harz Potash (ASX:SHP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » South Harz Potash Ltd (ASX:SHP) » Definitions » Total Assets

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D860:Germany

Address

6-10 Douro Place, Unit 13, West Perth, Perth, WA, AUS, 6005

Website

https://www.southharzpotash.com

South Harz Potash Ltd specializes in the development of potash mining projects. It holds perpetual mining licences in Ohmgebirge, Ebelebenand Muhlhausen-Nohra, and exploration licences in Kullstedt and Grafentonna, in the South Harz Potash District in north-western Thuringia, central Germany. It has one operating segment, mining and exploration operations.

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