Lithium Plus Minerals (ASX:LPM) Total Assets : A$25.07 Mil (As of Dec. 2023)

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What is Lithium Plus Minerals Total Assets?

Lithium Plus Minerals's Total Assets for the quarter that ended in Dec. 2023 was A$25.07 Mil.

During the past 12 months, Lithium Plus Minerals's average Total Assets Growth Rate was 104.00% per year.

Total Assets is connected with ROA %. Lithium Plus Minerals's annualized ROA % for the quarter that ended in Dec. 2023 was -10.57%. Total Assets is also linked to Revenue through Asset Turnover. Lithium Plus Minerals's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Lithium Plus Minerals Total Assets Historical Data

The historical data trend for Lithium Plus 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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Lithium Plus Minerals Total Assets Chart

Lithium Plus Minerals Annual Data

Trend

Jun23

Jun24

Total Assets

17.40

22.70

Lithium Plus Minerals Semi-Annual Data
	Dec22	Jun23	Dec23	Jun24
Total Assets	14.01	17.40	25.07	22.70

Lithium Plus 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.

Lithium Plus 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 )
	=	16.314	+	1.082
	=	17.40

Lithium Plus 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 )
	=	22.877	+	2.194
	=	25.07

Lithium Plus Minerals (ASX:LPM) Total Assets Explanation

Total Assets is connected with ROA %.

Lithium Plus 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 )
	=	-2.244	/	( (17.396	+	25.071)	/ 2 )
	=	-2.244	/	21.2335
	=	-10.57 %

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 Plus 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	/	( (17.396	+	25.071)	/ 2 )
=	0	/	21.2335
=	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 Plus Minerals Total Assets Related Terms

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Lithium Plus Minerals Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

18-22 Pitt Street, Level 6, Sydney, NSW, AUS, 2000

Website

https://www.lithiumplus.com.au

Lithium Plus Minerals Ltd is engaged in the mining and exploration of lithium. The projects of the company include Bynoe Lithium projects, Arunta Lithium projects, the Barrow Creek, Spotted Wonder and Moonlightand Wingate projects.

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