Aurora Energy Metals (ASX:1AE) Total Assets : A$3.33 Mil (As of Dec. 2023)

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What is Aurora Energy Metals Total Assets?

Aurora Energy Metals's Total Assets for the quarter that ended in Dec. 2023 was A$3.33 Mil.

During the past 12 months, Aurora Energy Metals's average Total Assets Growth Rate was -3.30% per year.

Total Assets is connected with ROA %. Aurora Energy Metals's annualized ROA % for the quarter that ended in Dec. 2023 was -63.59%. Total Assets is also linked to Revenue through Asset Turnover. Aurora Energy Metals's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Aurora Energy Metals Total Assets Historical Data

The historical data trend for Aurora Energy Metals'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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Aurora Energy Metals Total Assets Chart

Aurora Energy Metals Annual Data

Trend

Jun22

Jun23

Total Assets

7.39

4.28

Aurora Energy Metals Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	8.14	7.39	2.86	4.28	3.33

Aurora Energy Metals 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.

Aurora Energy Metals'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 )
	=	4.109	+	0.175
	=	4.28

Aurora Energy Metals'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 )
	=	2.998	+	0.335
	=	3.33

Aurora Energy Metals (ASX:1AE) Total Assets Explanation

Total Assets is connected with ROA %.

Aurora Energy Metals'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 )
	=	-2.422	/	( (4.284	+	3.333)	/ 2 )
	=	-2.422	/	3.8085
	=	-63.59 %

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.

Aurora Energy Metals'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	/	( (4.284	+	3.333)	/ 2 )
=	0	/	3.8085
=	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.

Aurora Energy Metals Total Assets Related Terms

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Aurora Energy Metals (ASX:1AE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Aurora Energy Metals Ltd (ASX:1AE) » Definitions » Total Assets

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Traded in Other Exchanges

N/A

Address

245 Churchill Avenue, Suite 1, Subiaco, WA, AUS, 6008

Website

https://www.auroraenergymetals.com

Aurora Energy Metals Ltd is an Australian company focused on the exploration and development of its Aurora Project in Oregon, USA. The Company operates only in one reportable segment, being exploration The Project hosts a defined uranium resource and is prospective for lithium.

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