Patagonia Lithium (ASX:PL3) Total Assets : A$7.17 Mil (As of Jun. 2024)

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What is Patagonia Lithium Total Assets?

Patagonia Lithium's Total Assets for the quarter that ended in Jun. 2024 was A$7.17 Mil.

During the past 12 months, Patagonia Lithium's average Total Assets Growth Rate was 56.60% per year.

Total Assets is connected with ROA %. Patagonia Lithium's annualized ROA % for the quarter that ended in Jun. 2024 was -1.66%. Total Assets is also linked to Revenue through Asset Turnover. Patagonia Lithium's Asset Turnover for the quarter that ended in Jun. 2024 was 0.00.

Patagonia Lithium Total Assets Historical Data

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

Patagonia Lithium Annual Data

Trend

Dec23

Total Assets

7.33

Patagonia Lithium Semi-Annual Data
	Jun23	Dec23	Jun24
Total Assets	7.60	7.33	7.17

Patagonia Lithium 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.

Patagonia Lithium'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 )
	=	7.119	+	0.215
	=	7.33

Patagonia Lithium'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 )
	=	7.026	+	0.139
	=	7.17

Patagonia Lithium (ASX:PL3) Total Assets Explanation

Total Assets is connected with ROA %.

Patagonia Lithium'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 )
	=	-0.12	/	( (7.334	+	7.166)	/ 2 )
	=	-0.12	/	7.25
	=	-1.66 %

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.

Patagonia Lithium'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	/	( (7.334	+	7.166)	/ 2 )
=	0	/	7.25
=	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.

Patagonia Lithium Total Assets Related Terms

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Patagonia Lithium Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Patagonia Lithium Ltd (ASX:PL3) » 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.patagonialithium.com.au

Patagonia Lithium Ltd engages in mining and exploration activities. The company is pursuing lithium exploration projects in Argentina. It holds interest in Formentera Project; Cilon Project; and Tomas III Project. The Formentera Project and the Cilon Project are situated in the Province of Jujuy, Argentina. The Tomas III Project is situated in the Province of Salta, Argentina.

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