Labrador Iron Ore Royalty (Labrador Iron Ore Royalty) Total Assets : $623.9 Mil (As of Dec. 2023)

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What is Labrador Iron Ore Royalty Total Assets?

Labrador Iron Ore Royalty's Total Assets for the quarter that ended in Dec. 2023 was $623.9 Mil.

During the past 12 months, Labrador Iron Ore Royalty's average Total Assets Growth Rate was 4.80% per year. During the past 3 years, the average Total Assets Growth Rate was 4.70% per year. During the past 5 years, the average Total Assets Growth Rate was 4.20% per year. During the past 10 years, the average Total Assets Growth Rate was 1.10% per year.

During the past 13 years, Labrador Iron Ore Royalty's highest 3-Year average Total Assets Growth Rate was 20.10%. The lowest was -2.50%. And the median was 1.50%.

Total Assets is connected with ROA %. Labrador Iron Ore Royalty's annualized ROA % for the quarter that ended in Dec. 2023 was 24.63%. Total Assets is also linked to Revenue through Asset Turnover. Labrador Iron Ore Royalty's Asset Turnover for the quarter that ended in Dec. 2023 was 0.07.

Labrador Iron Ore Royalty Total Assets Historical Data

The historical data trend for Labrador Iron Ore Royalty'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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Labrador Iron Ore Royalty Total Assets Chart

Labrador Iron Ore Royalty Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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564.22

642.69

616.65

607.85

623.92

Labrador Iron Ore Royalty Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial															607.85	605.16	630.29	621.96	623.92

Labrador Iron Ore Royalty 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.

Labrador Iron Ore Royalty'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 )
	=	491.452	+	132.463
	=	623.9

Labrador Iron Ore Royalty'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 )
	=	491.452	+	132.463
	=	623.9

Labrador Iron Ore Royalty (OTCPK:LIFZF) Total Assets Explanation

Total Assets is connected with ROA %.

Labrador Iron Ore Royalty's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	153.404	/	( (621.956	+	623.915)	/ 2 )
	=	153.404	/	622.9355
	=	24.63 %

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

Labrador Iron Ore Royalty's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	40.637	/	( (621.956	+	623.915)	/ 2 )
=	40.637	/	622.9355
=	0.07

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.

Labrador Iron Ore Royalty Total Assets Related Terms

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Labrador Iron Ore Royalty (Labrador Iron Ore Royalty) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Labrador Iron Ore Royalty Corp (OTCPK:LIFZF) » Definitions » Total Assets

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LIF:Canada

Address

235 Water Street, P.O. Box 610, Suite 1000, Scotia Centre, St. John’s, NL, CAN, A1C 5L3

Website

https://www.labradorironore.com

Labrador Iron Ore Royalty Corporation is a Canadian corporation. The company generates all of its revenue from its equity investment in Iron Ore Company of Canada, (IOC) and its IOC royalty and commission interests. IOC operates a major iron mine near Labrador City, Newfoundland, and Labrador on lands leased from LIORC. Directly and through its wholly-owned subsidiary, Hollinger-Hanna, LIORC owns an equity interest in IOC and receives gross overriding royalty on all iron ore products produced from the leased lands that are sold and shipped by IOC and commission on IOC's sales of iron ore. IOC is a Canadian producer of iron ore pellets and concentrate, serving customers worldwide.

Labrador Iron Ore Royalty (Labrador Iron Ore Royalty) Headlines

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