LCL Resources (ASX:LCL) Total Assets : A$15.38 Mil (As of Jun. 2024)

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What is LCL Resources Total Assets?

LCL Resources's Total Assets for the quarter that ended in Jun. 2024 was A$15.38 Mil.

During the past 12 months, LCL Resources's average Total Assets Growth Rate was -62.20% per year. During the past 3 years, the average Total Assets Growth Rate was -11.30% per year. During the past 5 years, the average Total Assets Growth Rate was 3.80% per year. During the past 10 years, the average Total Assets Growth Rate was -22.60% per year.

During the past 13 years, LCL Resources's highest 3-Year average Total Assets Growth Rate was 515.60%. The lowest was -57.40%. And the median was -3.75%.

Total Assets is connected with ROA %. LCL Resources's annualized ROA % for the quarter that ended in Jun. 2024 was -13.46%. Total Assets is also linked to Revenue through Asset Turnover. LCL Resources's Asset Turnover for the quarter that ended in Jun. 2024 was 0.00.

LCL Resources Total Assets Historical Data

The historical data trend for LCL Resources'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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LCL Resources Total Assets Chart

LCL Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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20.14

28.04

45.64

36.55

17.83

LCL Resources Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Total Assets	Get a 7-Day Free Trial															46.07	36.55	42.08	17.83	15.38

LCL Resources 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.

LCL Resources'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 )
	=	16.996	+	0.833
	=	17.83

LCL Resources's Total Assets for the quarter that ended in Jun. 2024 is calculated as

Total Assets	=	Total Equity (Q: Jun. 2024 )	+	Total Liabilities (Q: Jun. 2024 )
	=	15.199	+	0.185
	=	15.38

LCL Resources (ASX:LCL) Total Assets Explanation

Total Assets is connected with ROA %.

LCL Resources's annualized ROA % for the quarter that ended in Jun. 2024 is

ROA %	=	Net Income (Q: Jun. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Jun. 2024 ))	/ count )
	=	-2.236	/	( (17.829	+	15.384)	/ 2 )
	=	-2.236	/	16.6065
	=	-13.46 %

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

LCL Resources's Asset Turnover for the quarter that ended in Jun. 2024 is

	Asset Turnover
=	Revenue (Q: Jun. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Jun. 2024 ))	/ count )
=	0	/	( (17.829	+	15.384)	/ 2 )
=	0	/	16.6065
=	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.

LCL Resources Total Assets Related Terms

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LCL Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » LCL Resources Ltd (ASX:LCL) » Definitions » Total Assets

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Traded in Other Exchanges

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Address

Level 3, 88 William Street, West Perth, Perth, WA, AUS, 6000

Website

https://www.lclresources.au/site/content

LCL Resources Ltd is an exploration and mining company that explores and develops mineral prospects located in Peru, South America. Its portfolio of exploration projects focuses on copper, molybdenum, gold, and zinc. The company's portfolio of projects includes the Quinchia Gold project in Colombia, the Ono Project (Kusi), the PNG Nickel Project, Mineral Resources and Reserves, and Other PNG Targets. Its geographic areas are Australia, Papua New Guinea, and Colombia. It generates the majority of its revenue from Colombia.

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