Discovery Lithium (STU:Q3Q0) Total Assets : €8.05 Mil (As of Jan. 2024)

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What is Discovery Lithium Total Assets?

Discovery Lithium's Total Assets for the quarter that ended in Jan. 2024 was €8.05 Mil.

During the past 12 months, Discovery Lithium's average Total Assets Growth Rate was 211.80% per year.

Total Assets is connected with ROA %. Discovery Lithium's annualized ROA % for the quarter that ended in Jan. 2024 was -32.08%. Total Assets is also linked to Revenue through Asset Turnover. Discovery Lithium's Asset Turnover for the quarter that ended in Jan. 2024 was 0.00.

Discovery Lithium Total Assets Historical Data

The historical data trend for Discovery Lithium'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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Discovery Lithium Total Assets Chart

Discovery Lithium Annual Data

Trend

Jan22

Jan23

Jan24

Total Assets

1.22

2.69

8.05

Discovery Lithium Quarterly Data
	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Total Assets	Get a 7-Day Free Trial			2.69	3.58	4.18	7.56	8.05

Discovery Lithium 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.

Discovery Lithium's Total Assets for the fiscal year that ended in Jan. 2024 is calculated as

Total Assets	=	Total Equity (A: Jan. 2024 )	+	Total Liabilities (A: Jan. 2024 )
	=	7.74	+	0.314
	=	8.05

Discovery Lithium's Total Assets for the quarter that ended in Jan. 2024 is calculated as

Total Assets	=	Total Equity (Q: Jan. 2024 )	+	Total Liabilities (Q: Jan. 2024 )
	=	7.74	+	0.314
	=	8.05

Discovery Lithium (STU:Q3Q0) Total Assets Explanation

Total Assets is connected with ROA %.

Discovery Lithium's annualized ROA % for the quarter that ended in Jan. 2024 is

ROA %	=	Net Income (Q: Jan. 2024 )	/	( (Total Assets (Q: Oct. 2023 )	+	Total Assets (Q: Jan. 2024 ))	/ count )
	=	-2.504	/	( (7.559	+	8.054)	/ 2 )
	=	-2.504	/	7.8065
	=	-32.08 %

Note: The Net Income data used here is four times the quarterly (Jan. 2024) 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.

Discovery Lithium's Asset Turnover for the quarter that ended in Jan. 2024 is

	Asset Turnover
=	Revenue (Q: Jan. 2024 )	/	( (Total Assets (Q: Oct. 2023 )	+	Total Assets (Q: Jan. 2024 ))	/ count )
=	0	/	( (7.559	+	8.054)	/ 2 )
=	0	/	7.8065
=	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.

Discovery Lithium Total Assets Related Terms

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Discovery Lithium (STU:Q3Q0) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Discovery Lithium Inc (STU:Q3Q0) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

DCLIF:USA Q3Q0:Germany DCLI:Canada

Address

1110 Hamilton Strett, Suite 306, Vancouver, BC, CAN, V6B 2S2

Website

ISM Resources Corp is a junior exploration company engaged in the exploration and development of the ESN Property, Koster Dam Property, and Quet Gold Ridge and Fire Creek Property. It is engaged in the business of gold mineral exploration.

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