Lunnon Metals (ASX:LM8) Total Assets : A$56.28 Mil (As of Dec. 2023)

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What is Lunnon Metals Total Assets?

Lunnon Metals's Total Assets for the quarter that ended in Dec. 2023 was A$56.28 Mil.

During the past 12 months, Lunnon Metals's average Total Assets Growth Rate was -12.80% per year.

Total Assets is connected with ROA %. Lunnon Metals's annualized ROA % for the quarter that ended in Dec. 2023 was -59.09%. Total Assets is also linked to Revenue through Asset Turnover. Lunnon Metals's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Lunnon Metals Total Assets Historical Data

The historical data trend for Lunnon Metals'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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Lunnon Metals Total Assets Chart

Lunnon Metals Annual Data

Trend

Jun21

Jun22

Jun23

Total Assets

28.03

52.24

54.35

Lunnon Metals Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial			24.31	52.24	58.44	54.35	56.28

Lunnon Metals 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.

Lunnon Metals'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 )
	=	51.86	+	2.489
	=	54.35

Lunnon Metals'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 )
	=	54.006	+	2.278
	=	56.28

Lunnon Metals (ASX:LM8) Total Assets Explanation

Total Assets is connected with ROA %.

Lunnon Metals'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 )
	=	-32.686	/	( (54.349	+	56.284)	/ 2 )
	=	-32.686	/	55.3165
	=	-59.09 %

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.

Lunnon Metals'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	/	( (54.349	+	56.284)	/ 2 )
=	0	/	55.3165
=	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.

Lunnon Metals Total Assets Related Terms

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Lunnon Metals (ASX:LM8) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lunnon Metals Ltd (ASX:LM8) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

33 Richardson Street, Suite 10, Level 3, West Perth, WA, AUS, 6005

Website

https://www.lunnonmetals.com.au

Lunnon Metals Ltd is an Australian mineral resource exploration and development company operating in a single segment. It owns a nickel and gold project in Kambala. Western Australia. Kambalda Nickel Project (KNP) is the firms principal exploration project.

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