Leading Edge Materials (TSXV:LEM) Total Assets : C$26.00 Mil (As of Jan. 2024)

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What is Leading Edge Materials Total Assets?

Leading Edge Materials's Total Assets for the quarter that ended in Jan. 2024 was C$26.00 Mil.

During the past 12 months, Leading Edge Materials's average Total Assets Growth Rate was 4.60% per year. During the past 3 years, the average Total Assets Growth Rate was -1.40% per year. During the past 5 years, the average Total Assets Growth Rate was -5.90% per year. During the past 10 years, the average Total Assets Growth Rate was 5.60% per year.

During the past 13 years, Leading Edge Materials's highest 3-Year average Total Assets Growth Rate was 45.40%. The lowest was -11.20%. And the median was 9.15%.

Total Assets is connected with ROA %. Leading Edge Materials's annualized ROA % for the quarter that ended in Jan. 2024 was -10.68%. Total Assets is also linked to Revenue through Asset Turnover. Leading Edge Materials's Asset Turnover for the quarter that ended in Jan. 2024 was 0.00.

Leading Edge Materials Total Assets Historical Data

The historical data trend for Leading Edge Materials'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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Leading Edge Materials Total Assets Chart

Leading Edge Materials Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Total Assets

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24.83

27.22

28.76

23.83

25.39

Leading Edge Materials Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Total Assets	Get a 7-Day Free Trial															24.85	24.18	23.59	25.39	26.00

Leading Edge Materials 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.

Leading Edge Materials's Total Assets for the fiscal year that ended in Oct. 2023 is calculated as

Total Assets	=	Total Equity (A: Oct. 2023 )	+	Total Liabilities (A: Oct. 2023 )
	=	20.387	+	5
	=	25.39

Leading Edge Materials'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 )
	=	20.23	+	5.774
	=	26.00

Leading Edge Materials (TSXV:LEM) Total Assets Explanation

Total Assets is connected with ROA %.

Leading Edge Materials'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 )
	=	-2.744	/	( (25.387	+	26.004)	/ 2 )
	=	-2.744	/	25.6955
	=	-10.68 %

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.

Leading Edge Materials'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	/	( (25.387	+	26.004)	/ 2 )
=	0	/	25.6955
=	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.

Leading Edge Materials Total Assets Related Terms

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Leading Edge Materials (TSXV:LEM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Leading Edge Materials Corp (TSXV:LEM) » Definitions » Total Assets

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Traded in Other Exchanges

LEMIF:USA LEMSE:Sweden 7FL:Germany

Address

1040 West Georgia Street, 14th Floor, Vancouver, BC, CAN, V6E 4H1

Website

https://www.leadingedgematerials.com

Leading Edge Materials Corp is a Canada based exploration company. It is involved in the exploration and development of resource properties in Sweden and Finland with corporate operations in Canada. The company is focused on the supply of the materials needed for the generation, storage, and preservation of low carbon energy. The properties owned by the company are Woxna Graphite Mine located in central Sweden, and Norra Karr Mine, a rare earth element resource, located in south-central Sweden, and Bergby project.

Executives

Lars-eric Johansson

Director

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