Mount Gibson Iron (ASX:MGX) Total Assets : A$811.3 Mil (As of Dec. 2023)

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What is Mount Gibson Iron Total Assets?

Mount Gibson Iron's Total Assets for the quarter that ended in Dec. 2023 was A$811.3 Mil.

During the past 12 months, Mount Gibson Iron's average Total Assets Growth Rate was -35.40% per year. During the past 3 years, the average Total Assets Growth Rate was 10.50% per year. During the past 5 years, the average Total Assets Growth Rate was 8.80% per year. During the past 10 years, the average Total Assets Growth Rate was -6.80% per year.

During the past 13 years, Mount Gibson Iron's highest 3-Year average Total Assets Growth Rate was 279.30%. The lowest was -74.20%. And the median was 9.30%.

Total Assets is connected with ROA %. Mount Gibson Iron's annualized ROA % for the quarter that ended in Dec. 2023 was 37.28%. Total Assets is also linked to Revenue through Asset Turnover. Mount Gibson Iron's Asset Turnover for the quarter that ended in Dec. 2023 was 0.54.

Mount Gibson Iron Total Assets Historical Data

The historical data trend for Mount Gibson Iron'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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Mount Gibson Iron Total Assets Chart

Mount Gibson Iron Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Assets

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729.24

804.78

898.24

690.27

676.94

Mount Gibson Iron 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															786.80	690.27	712.92	676.94	811.27

Mount Gibson Iron 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.

Mount Gibson Iron'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 )
	=	539.231	+	137.712
	=	676.9

Mount Gibson Iron'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 )
	=	673.774	+	137.497
	=	811.3

Mount Gibson Iron (ASX:MGX) Total Assets Explanation

Total Assets is connected with ROA %.

Mount Gibson Iron'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 )
	=	277.44	/	( (676.943	+	811.271)	/ 2 )
	=	277.44	/	744.107
	=	37.28 %

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.

Mount Gibson Iron'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 )
=	404.137	/	( (676.943	+	811.271)	/ 2 )
=	404.137	/	744.107
=	0.54

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.

Mount Gibson Iron Total Assets Related Terms

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Mount Gibson Iron (ASX:MGX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Mount Gibson Iron Ltd (ASX:MGX) » Definitions » Total Assets

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MTGRY:USA MTGRF:USA

Address

2 Kings Park Road, Level 1, West Perth, Perth, WA, AUS, 6005

Website

https://www.mtgibsoniron.com.au

Mount Gibson Iron Ltd is a Western Australia-based iron ore mining company. The activities of the company involve mining, processing and direct shipment of hematite iron ore at the Koolan Island mine site in the Kimberley region of Western Australia; care and maintenance of the Shine hematite iron ore site and related infrastructure, rehabilitation works at the Extension Hill mine site and management of the Geraldton Port facilities in the Mid-West region of Western Australia; treasury management; and the pursuit of mineral resources acquisitions and investments. The company operates into two segments: Mid-West segment and Koolan Island segment. The company derives the majority of its revenue from Koolan Island.

Mount Gibson Iron (ASX:MGX) Headlines

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