Lord Resources (ASX:LRD) Total Assets : A$3.14 Mil (As of Dec. 2023)

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What is Lord Resources Total Assets?

Lord Resources's Total Assets for the quarter that ended in Dec. 2023 was A$3.14 Mil.

During the past 12 months, Lord Resources's average Total Assets Growth Rate was 10.10% per year.

Total Assets is connected with ROA %. Lord Resources's annualized ROA % for the quarter that ended in Dec. 2023 was -66.68%. Total Assets is also linked to Revenue through Asset Turnover. Lord Resources's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Lord Resources Total Assets Historical Data

The historical data trend for Lord 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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Lord Resources Total Assets Chart

Lord Resources Annual Data

Trend

Jun22

Jun23

Total Assets

5.47

4.31

Lord Resources Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
Total Assets	5.47	4.97	4.31	3.14

Lord 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.

Lord 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 )
	=	3.762	+	0.549
	=	4.31

Lord 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 )
	=	2.537	+	0.602
	=	3.14

Lord Resources (ASX:LRD) Total Assets Explanation

Total Assets is connected with ROA %.

Lord 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 )
	=	-2.484	/	( (4.311	+	3.139)	/ 2 )
	=	-2.484	/	3.725
	=	-66.68 %

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.

Lord 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 )
=	0.014	/	( (4.311	+	3.139)	/ 2 )
=	0.014	/	3.725
=	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.

Lord Resources Total Assets Related Terms

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Lord Resources (ASX:LRD) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

389 Oxford Street, Level 2, Suite 9, Mount Hawthorn, WA, AUS, 6021

Website

https://www.lordresources.com

Lord Resources Ltd is an exploration company. The primary objective of the company is to focus on mineral exploration of resource opportunities that have the potential to deliver growth to the company for the benefit of shareholders.

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