Boart Longyear (ASX:BLY) Total Assets : A$1,231 Mil (As of Dec. 2023)

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What is Boart Longyear Total Assets?

Boart Longyear's Total Assets for the quarter that ended in Dec. 2023 was A$1,231 Mil.

During the past 12 months, Boart Longyear's average Total Assets Growth Rate was 5.80% per year. During the past 3 years, the average Total Assets Growth Rate was 14.20% per year. During the past 5 years, the average Total Assets Growth Rate was 7.20% per year. During the past 10 years, the average Total Assets Growth Rate was -1.20% per year.

During the past 13 years, Boart Longyear's highest 3-Year average Total Assets Growth Rate was 14.20%. The lowest was -23.20%. And the median was -1.00%.

Total Assets is connected with ROA %. Boart Longyear's annualized ROA % for the quarter that ended in Dec. 2023 was -6.94%. Total Assets is also linked to Revenue through Asset Turnover. Boart Longyear's Asset Turnover for the quarter that ended in Dec. 2023 was 0.62.

Boart Longyear Total Assets Historical Data

The historical data trend for Boart Longyear'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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Boart Longyear Total Assets Chart

Boart Longyear Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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932.14

809.59

990.59

1,148.34

1,231.43

Boart Longyear 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															990.59	1,102.89	1,148.34	1,213.80	1,231.43

Boart Longyear 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.

Boart Longyear'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 )
	=	436.405	+	795.026
	=	1,231

Boart Longyear'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 )
	=	436.405	+	795.026
	=	1,231

Boart Longyear (ASX:BLY) Total Assets Explanation

Total Assets is connected with ROA %.

Boart Longyear'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 )
	=	-84.842	/	( (1213.797	+	1231.431)	/ 2 )
	=	-84.842	/	1222.614
	=	-6.94 %

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.

Boart Longyear'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 )
=	755.922	/	( (1213.797	+	1231.431)	/ 2 )
=	755.922	/	1222.614
=	0.62

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.

Boart Longyear Total Assets Related Terms

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Boart Longyear (ASX:BLY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Boart Longyear Ltd (ASX:BLY) » Definitions » Total Assets

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BLYFF:USA 3JO:Germany

Address

2455 South 3600 West, Salt Lake City, UT, USA, 84119

Website

https://www.boartlongyear.com

Boart Longyear Ltd is a U.S.-based ASX-listed company with large market shares in the Global mineral drilling services and drilling equipment industries. The company operates two divisions: Global Drilling Services and Global Products. The Global Drilling Services division that derives the majority revenue operates for a diverse mining customer base spanning a wide range of commodities, including copper, gold, nickel, zinc, uranium, and other metals and minerals. The Global Products division designs, manufactures and sells drilling equipment, performance tooling, down-hole instrumentation, and parts and services.

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