Horizonte Minerals (LSE:HZM) Total Assets : £547.90 Mil (As of Jun. 2023)

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What is Horizonte Minerals Total Assets?

Horizonte Minerals's Total Assets for the quarter that ended in Jun. 2023 was £547.90 Mil.

During the past 12 months, Horizonte Minerals's average Total Assets Growth Rate was 257.40% per year. During the past 3 years, the average Total Assets Growth Rate was 93.20% per year. During the past 5 years, the average Total Assets Growth Rate was 44.60% per year. During the past 10 years, the average Total Assets Growth Rate was 19.00% per year.

During the past 13 years, Horizonte Minerals's highest 3-Year average Total Assets Growth Rate was 149.20%. The lowest was -9.10%. And the median was 20.60%.

Total Assets is connected with ROA %. Horizonte Minerals's annualized ROA % for the quarter that ended in Jun. 2023 was 0.00%. Total Assets is also linked to Revenue through Asset Turnover. Horizonte Minerals's Asset Turnover for the quarter that ended in Jun. 2023 was 0.00.

Horizonte Minerals Total Assets Historical Data

The historical data trend for Horizonte Minerals'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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Horizonte Minerals Total Assets Chart

Horizonte Minerals Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Total Assets

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42.39

59.49

50.80

232.01

427.12

Horizonte Minerals Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23
Total Assets	Get a 7-Day Free Trial															313.66	320.11	353.70	427.12	547.90

Horizonte Minerals 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.

Horizonte Minerals's Total Assets for the fiscal year that ended in Dec. 2022 is calculated as

Total Assets	=	Total Equity (A: Dec. 2022 )	+	Total Liabilities (A: Dec. 2022 )
	=	245.832	+	181.286
	=	427.12

Horizonte Minerals's Total Assets for the quarter that ended in Jun. 2023 is calculated as

Total Assets	=	Total Equity (Q: Jun. 2023 )	+	Total Liabilities (Q: Jun. 2023 )
	=	265.674	+	282.229
	=	547.90

Horizonte Minerals (LSE:HZM) Total Assets Explanation

Total Assets is connected with ROA %.

Horizonte Minerals's annualized ROA % for the quarter that ended in Jun. 2023 is

ROA %	=	Net Income (Q: Jun. 2023 )	/	( (Total Assets (Q: Dec. 2022 )	+	Total Assets (Q: Jun. 2023 ))	/ count )
	=	0	/	( (427.118	+	547.903)	/ 2 )
	=	0	/	487.5105
	=	0.00 %

Note: The Net Income data used here is four times the quarterly (Jun. 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.

Horizonte Minerals's Asset Turnover for the quarter that ended in Jun. 2023 is

	Asset Turnover
=	Revenue (Q: Jun. 2023 )	/	( (Total Assets (Q: Dec. 2022 )	+	Total Assets (Q: Jun. 2023 ))	/ count )
=	0	/	( (427.118	+	547.903)	/ 2 )
=	0	/	487.5105
=	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.

Horizonte Minerals Total Assets Related Terms

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Horizonte Minerals (LSE:HZM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Horizonte Minerals PLC (LSE:HZM) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

HZMMF:USA H5W0:Germany HZM:Canada

Address

4-12 Regents Street, Rex House, London, GBR, SW1Y 4RG

Website

https://www.horizonteminerals.com

Horizonte Minerals PLC is a United Kingdoms based identification, acquisition, exploration, and development of mineral projects. It engaged in nickel development and mainly focuses on Brazil. It owns and operates the Araguaia Nickel Laterite project located south of the Carajas mining district, northeast Brazil, and the Vermelho Nickel-Cobalt project located in the Carajas region, north-eastern Brazil. The nickel produced by the company is used in stainless steel and electric vehicles. It is principally developing Araguaia as the next nickel mine in Brazil.

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