Rock Tech Lithium (TSXV:RCK) Total Assets

: C$44.49 Mil (As of Sep. 2023)

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Rock Tech Lithium's Total Assets for the quarter that ended in Sep. 2023 was C$44.49 Mil.

During the past 12 months, Rock Tech Lithium's average Total Assets Growth Rate was 16.90% per year. During the past 3 years, the average Total Assets Growth Rate was 97.30% per year. During the past 5 years, the average Total Assets Growth Rate was 58.40% per year. During the past 10 years, the average Total Assets Growth Rate was 17.30% per year.

During the past 13 years, Rock Tech Lithium's highest 3-Year average Total Assets Growth Rate was 543.40%. The lowest was -79.50%. And the median was 21.90%.

Total Assets is connected with ROA %. Rock Tech Lithium's annualized ROA % for the quarter that ended in Sep. 2023 was -45.53%. Total Assets is also linked to Revenue through Asset Turnover. Rock Tech Lithium's Asset Turnover for the quarter that ended in Sep. 2023 was 0.00.

Rock Tech Lithium Total Assets Historical Data

The historical data trend for Rock Tech 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.

* Premium members only.

Rock Tech Lithium Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Total Assets

4.84

5.57

13.43

72.02

64.97

Rock Tech Lithium Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Total Assets																67.64	64.97	60.00	50.38	44.49

Rock Tech 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.

Rock Tech Lithium's Total Assets for the fiscal year that ended in Dec. 2022 is calculated as

Total Assets	=	Total Equity (A: Dec. 2022 )	+	Total Liabilities (A: Dec. 2022 )
	=	56.315	+	8.652
	=	64.97

Rock Tech Lithium's Total Assets for the quarter that ended in Sep. 2023 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2023 )	+	Total Liabilities (Q: Sep. 2023 )
	=	39.677	+	4.813
	=	44.49

Rock Tech Lithium (TSXV:RCK) Total Assets Explanation

Total Assets is connected with ROA %.

Rock Tech Lithium's annualized ROA % for the quarter that ended in Sep. 2023 is

ROA %	=	Net Income (Q: Sep. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
	=	-21.596	/	( (50.384	+	44.49)	/ 2 )
	=	-21.596	/	47.437
	=	-45.53 %

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

Rock Tech Lithium's Asset Turnover for the quarter that ended in Sep. 2023 is

	Asset Turnover
=	Revenue (Q: Sep. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
=	0	/	( (50.384	+	44.49)	/ 2 )
=	0	/	47.437
=	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.

Rock Tech Lithium Total Assets Related Terms

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Rock Tech Lithium (TSXV:RCK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Rock Tech Lithium Inc (TSXV:RCK) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

RCKTF:USA RJIB:Germany

Address

777 Hornby Street, Suite 600, Vancouver, BC, CAN, V6Z 1S4

Website

https://www.rocktechlithium.com

Rock Tech Lithium Inc is a Canada-based mineral exploration company. It focuses on acquiring and exploring properties in the field of lithium and other selected battery metals. The company holds a 100% interest in the Georgia Lake lithium project in the Thunder Bay Mining District of Ontario. The company operates in two geographical segments namely; Canada and Germany.

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