Golden Mile Resources (ASX:G88) Total Assets : A$6.09 Mil (As of Dec. 2023)

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What is Golden Mile Resources Total Assets?

Golden Mile Resources's Total Assets for the quarter that ended in Dec. 2023 was A$6.09 Mil.

During the past 12 months, Golden Mile Resources's average Total Assets Growth Rate was 55.20% per year. During the past 3 years, the average Total Assets Growth Rate was 89.90% per year. During the past 5 years, the average Total Assets Growth Rate was 9.30% per year.

During the past 6 years, Golden Mile Resources's highest 3-Year average Total Assets Growth Rate was 89.90%. The lowest was -11.10%. And the median was -5.00%.

Total Assets is connected with ROA %. Golden Mile Resources's annualized ROA % for the quarter that ended in Dec. 2023 was -23.32%. Total Assets is also linked to Revenue through Asset Turnover. Golden Mile Resources's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Golden Mile Resources Total Assets Historical Data

The historical data trend for Golden Mile 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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Golden Mile Resources Total Assets Chart

Golden Mile Resources Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Assets

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4.83

1.30

2.95

5.14

6.98

Golden Mile Resources Semi-Annual Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial							4.31	5.14	4.41	6.98	6.09

Golden Mile 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.

Golden Mile 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 )
	=	6.584	+	0.399
	=	6.98

Golden Mile 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 )
	=	5.97	+	0.118
	=	6.09

Golden Mile Resources (ASX:G88) Total Assets Explanation

Total Assets is connected with ROA %.

Golden Mile 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 )
	=	-1.524	/	( (6.983	+	6.088)	/ 2 )
	=	-1.524	/	6.5355
	=	-23.32 %

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.

Golden Mile 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	/	( (6.983	+	6.088)	/ 2 )
=	0	/	6.5355
=	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.

Golden Mile Resources Total Assets Related Terms

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Golden Mile Resources (ASX:G88) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Golden Mile Resources Ltd (ASX:G88) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

126 Phillip Street, Level 5, Sydney, NSW, AUS, 2000

Website

https://www.goldenmileresources.com.au

Golden Mile Resources Ltd is an Australian based exploration company that owns several resource tenements in Western Australia and are actively exploring the tenements for gold, nickel and cobalt and related resources. Its projects include Quicksilver Nickel-Cobalt Project, Minara Nickel-Cobalt Project, Ironstone Well Au Project, Murchison Lithium and Gold, Yarrambee Project, Darlot Au Project, Yuinmery Project, Gidgee Polymetallic Project and Leonora East Gold Project. The principal business and geographical segment of the company is Mineral Exploration within Western Australia.

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