Spod Lithium (XCNQ:SPOD) Total Assets : C$4.69 Mil (As of Jan. 2024)

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What is Spod Lithium Total Assets?

Spod Lithium's Total Assets for the quarter that ended in Jan. 2024 was C$4.69 Mil.

During the past 12 months, Spod Lithium's average Total Assets Growth Rate was 50.40% per year.

Total Assets is connected with ROA %. Spod Lithium's annualized ROA % for the quarter that ended in Jan. 2024 was -10.88%. Total Assets is also linked to Revenue through Asset Turnover. Spod Lithium's Asset Turnover for the quarter that ended in Jan. 2024 was 0.00.

Spod Lithium Total Assets Historical Data

The historical data trend for Spod 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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Spod Lithium Total Assets Chart

Spod Lithium Annual Data

Trend

Jul19

Jul20

Jul21

Jul22

Jul23

Total Assets

0.01

0.02

0.64

0.71

3.14

Spod Lithium Quarterly Data
	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														4.13	3.95	3.14	3.62	4.69

Spod 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.

Spod Lithium's Total Assets for the fiscal year that ended in Jul. 2023 is calculated as

Total Assets	=	Total Equity (A: Jul. 2023 )	+	Total Liabilities (A: Jul. 2023 )
	=	2.947	+	0.192
	=	3.14

Spod 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 )
	=	4.397	+	0.29
	=	4.69

Spod Lithium (XCNQ:SPOD) Total Assets Explanation

Total Assets is connected with ROA %.

Spod 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 )
	=	-0.452	/	( (3.619	+	4.687)	/ 2 )
	=	-0.452	/	4.153
	=	-10.88 %

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.

Spod 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	/	( (3.619	+	4.687)	/ 2 )
=	0	/	4.153
=	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.

Spod Lithium Total Assets Related Terms

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Spod Lithium (XCNQ:SPOD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Spod Lithium Corp (XCNQ:SPOD) » Definitions » Total Assets

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Traded in Other Exchanges

SPODF:USA

Address

1030 West Georgia Street, Suite 1910, Vancouver, BC, CAN, V6C 2Y3

Website

https://www.spodlithiumcorp.com

Spod Lithium Corp. is a mineral exploration company focused on the acquisition and development of mineral properties containing batteries, bases, and precious metals. The Company's primary lithium properties are strategically located in Quebec and Ontario, Canada. The projects of the company include Golden Moon Property, Ferdinand Property, Byron Pegmatite, Lithium Grande 4, Megali Property, and others.

Spod Lithium (XCNQ:SPOD) Headlines

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