Lightning Minerals (ASX:L1M) Total Assets : A$6.28 Mil (As of Dec. 2023)

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What is Lightning Minerals Total Assets?

Lightning Minerals's Total Assets for the quarter that ended in Dec. 2023 was A$6.28 Mil.

During the past 12 months, Lightning Minerals's average Total Assets Growth Rate was 214.60% per year.

Total Assets is connected with ROA %. Lightning Minerals's annualized ROA % for the quarter that ended in Dec. 2023 was -32.48%. Total Assets is also linked to Revenue through Asset Turnover. Lightning Minerals's Asset Turnover for the quarter that ended in Dec. 2023 was 0.01.

Lightning Minerals Total Assets Historical Data

The historical data trend for Lightning Minerals'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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Lightning Minerals Total Assets Chart

Lightning Minerals Annual Data

Trend

Jun23

Total Assets

6.91

Lightning Minerals Semi-Annual Data
	Dec22	Jun23	Dec23
Total Assets	7.42	6.91	6.28

Lightning Minerals 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.

Lightning Minerals's Total Assets for the fiscal year that ended in Jun. 2023 is calculated as

Total Assets	=	Total Equity (A: Jun. 2023 )	+	Total Liabilities (A: Jun. 2023 )
	=	6.491	+	0.415
	=	6.91

Lightning Minerals's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	6.104	+	0.178
	=	6.28

Lightning Minerals (ASX:L1M) Total Assets Explanation

Total Assets is connected with ROA %.

Lightning Minerals's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	-2.142	/	( (6.906	+	6.282)	/ 2 )
	=	-2.142	/	6.594
	=	-32.48 %

Note: The Net Income data used here is two times the semi-annual (Dec. 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.

Lightning Minerals's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	0.039	/	( (6.906	+	6.282)	/ 2 )
=	0.039	/	6.594
=	0.01

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.

Lightning Minerals Total Assets Related Terms

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Lightning Minerals (ASX:L1M) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lightning Minerals Ltd (ASX:L1M) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

505 Little Collins Street,, Level 6, Melbourne, VIC, AUS, 3000

Website

https://www.lightningminerals.com.au

Lightning Minerals Ltd is a mining exploration company. Its exploration is focused on battery minerals such as Lithium, Nickel, Cobalt, Copper, and PGEs. It holds interest in Dundas Project; Mailman Hill Project; Mount Jewell Project; and Mt Bartle Project. Lightning Minerals sees a growing demand for Lithium, Nickel, Cobalt, Copper, and PGEs. Exploration is focused on fulfilling this critical minerals deficit.

Lightning Minerals (ASX:L1M) Headlines

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