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Lithium Royalty (TSX:LIRC) Total Assets : C$207.69 Mil (As of Mar. 2024)


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What is Lithium Royalty Total Assets?

Lithium Royalty's Total Assets for the quarter that ended in Mar. 2024 was C$207.69 Mil.

During the past 12 months, Lithium Royalty's average Total Assets Growth Rate was 53.60% per year. During the past 3 years, the average Total Assets Growth Rate was 72.00% per year.

During the past 5 years, Lithium Royalty's highest 3-Year average Total Assets Growth Rate was 72.00%. The lowest was 60.70%. And the median was 66.35%.

Total Assets is connected with ROA %. Lithium Royalty's annualized ROA % for the quarter that ended in Mar. 2024 was -2.75%. Total Assets is also linked to Revenue through Asset Turnover. Lithium Royalty's Asset Turnover for the quarter that ended in Mar. 2024 was 0.00.

Lithium Royalty Total Assets Historical Data

The historical data trend for Lithium 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.

* Premium members only.

Lithium Royalty Total Assets Chart

Lithium Royalty Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Total Assets
44.03 44.57 129.51 204.21 207.99

Lithium Royalty Quarterly Data
Dec19 Dec20 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 219.69 206.29 213.01 207.99 207.69

Lithium 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.

Lithium 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 )
=201.27+6.723
=207.99

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

Total Assets=Total Equity (Q: Mar. 2024 )+Total Liabilities (Q: Mar. 2024 )
=202.555+5.13
=207.69

* 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.

Lithium Royalty  (TSX:LIRC) Total Assets Explanation

Total Assets is connected with ROA %.

Lithium Royalty's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %=Net Income (Q: Mar. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Mar. 2024 ))/ count )
=-5.724/( (207.992+207.686)/ 2 )
=-5.724/207.839
=-2.75 %

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

Lithium Royalty's Asset Turnover for the quarter that ended in Mar. 2024 is

Asset Turnover
=Revenue (Q: Mar. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Mar. 2024 ))/ count )
=0.854/( (207.992+207.686)/ 2 )
=0.854/207.839
=0.00

* 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.

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.

Lithium Royalty Total Assets Related Terms

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Lithium Royalty (TSX:LIRC) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lithium Royalty Corp (TSX:LIRC) » Definitions » Total Assets
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Traded in Other Exchanges
LITRF:USA X1Q:Germany
Address
1133 Yonge Street, 5th Floor, Toronto, ON, CAN, M4T 2Y7
Website
https://www.lithiumroyaltycorp.com
Lithium Royalty Corp is a lithium-focused royalty company organized in Canada. The firm with affiliates or joint venture partners has established a portfolio of royalties on mineral properties that supply and are expected to supply raw materials to support the electrification and decarbonization of the global economy.
Executives
Blair Levinsky Director, Senior Officer

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