Lithium Energy (ASX:LEL) Total Assets : A$32.86 Mil (As of Dec. 2023)

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What is Lithium Energy Total Assets?

Lithium Energy's Total Assets for the quarter that ended in Dec. 2023 was A$32.86 Mil.

During the past 12 months, Lithium Energy's average Total Assets Growth Rate was 92.10% per year.

Total Assets is connected with ROA %. Lithium Energy's annualized ROA % for the quarter that ended in Dec. 2023 was -6.18%. Total Assets is also linked to Revenue through Asset Turnover. Lithium Energy's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Lithium Energy Total Assets Historical Data

The historical data trend for Lithium Energy'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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Lithium Energy Total Assets Chart

Lithium Energy Annual Data

Trend

Jun21

Jun22

Jun23

Total Assets

15.19

14.25

33.32

Lithium Energy Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial			14.71	14.25	27.75	33.32	32.86

Lithium Energy 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.

Lithium Energy'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 )
	=	32.124	+	1.196
	=	33.32

Lithium Energy'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 )
	=	32.435	+	0.422
	=	32.86

Lithium Energy (ASX:LEL) Total Assets Explanation

Total Assets is connected with ROA %.

Lithium Energy'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 )
	=	-2.046	/	( (33.32	+	32.857)	/ 2 )
	=	-2.046	/	33.0885
	=	-6.18 %

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.

Lithium Energy'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	/	( (33.32	+	32.857)	/ 2 )
=	0	/	33.0885
=	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.

Lithium Energy Total Assets Related Terms

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Lithium Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lithium Energy Ltd (ASX:LEL) » Definitions » Total Assets

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Traded in Other Exchanges

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Address

680 Murray Street, Suite 1, Level 1, West Perth, WA, AUS, 6005

Website

https://www.lithiumenergy.com.au

Lithium Energy Ltd is a battery minerals company with two exploration and development projects, the Solaroz Lithium Project in Argentina, which comprises 12,000 hectares of prospective lithium mineral concessions, and the Burke Graphite Project in Queensland, which contains a high-grade graphite deposit and presents an opportunity to participate in the anticipated growth in demand for graphite and graphite related products. The company derives the majority of its revenue from Argentina.

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